Key TakeawaysCarMax reported better-than-expected third-quarter results as lower prices helped boost demand.Retail unit sales gained 5.4% year-over-year, and wholesale sales grew 6.3%.CEO Bill Nash said used vehicle valuations have become more stable. CarMax (KMX) shares jumped Thursday when the biggest U.S. used car retailer reported its first quarterly sales increase in two years as lower prices brought out buyers.  CarMax posted a 1.2% year-over-year gain in third-quarter revenue to $6.22 billion, and ea ...

For the quarter ended November 2024, CarMax (KMX) reported revenue of $6.22 billion, up 1.2% over the same period last year. EPS came in at $0.81, compared to $0.52 in the year-ago quarter.The reported revenue represents a surprise of +3.89% over the Zacks Consensus Estimate of $5.99 billion. With the consensus EPS estimate being $0.62, the EPS surprise was +30.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their nex ...

CarMax (KMX) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30.65%. A quarter ago, it was expected that this used car dealership chain would post earnings of $0.86 per share when it actually produced earnings of $0.85, delivering a surprise of -1.16%.Over the last four quarters, the ...

CARMAX REPORTS THIRD QUARTER FISCAL YEAR 2025 RESULTS Achieved over 50% earnings growth driven by gains across the business Richmond, Va., December 19, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2024. (1) Third Quarter Highlights: • Retail used unit sales increased 5.4% and comparable store used unit sales increased 4.3%; wholesale units increased 6.3%. • Total gross profit of $677.6 million increased 10.6% driven by unit volumes and strong unit margin per ...

CarMax, Inc. KMX will release its third-quarter financial results, before the opening bell, on Thursday, Dec. 19.Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 61 cents per share, up from 52 cents per share in the year-ago period. CarMax projects quarterly revenue of $6.05 billion, compared to $6.15 billion a year earlier, according to data from Benzinga Pro.On Sept. 26, the company reported earnings per share of 85 cents, missing the analyst consensus estimate of 86 ce ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

In its upcoming report, CarMax (KMX) is predicted by Wall Street analysts to post quarterly earnings of $0.61 per share, reflecting an increase of 17.3% compared to the same period last year. Revenues are forecasted to be $5.99 billion, representing a year-over-year decrease of 2.6%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

CarMax (KMX) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended November 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on December 19, 2024, might help the stock move higher if these key numbers are better than expe ...

RICHMOND, VA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Golden State Valkyries and CarMax (NYSE: KMX), the nation’s largest retailer of used cars, today announced CarMax as a Founding Partner of the team and the official used car retailer of the Valkyries. The partnership will be rooted in community impact, with a dedicated focus on Bay Area youth, and will bring fans closer to the team through exclusive behind-the-scenes content and special access moments throughout the year. “CarMax has a proven focus on crea ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...