CARMAX REPORTS SECOND QUARTER FISCAL YEAR 2025 RESULTS Delivers positive retail used unit growth and double-digit earnings increase Richmond, Va., September 26, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: • Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. • Gross profit per retail used unit of $2,269 and gross profit ...

CarMax, Inc. KMX will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 26. Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 86 cents per share, up from 75 cents per share in the year-ago period. CarMax is projected to post quarterly revenue of $6.79 billion, according to data from Benzinga Pro. On June 21, the company reported a first-quarter FY25 total net sales and operating revenues decline of 7.5% year-on-year to $7.11 billio ...

RICHMOND, Virginia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- CarMax (NYSE: KMX) has been named to Fortune magazine's 2024 Fortune Best Workplaces in Retail™ list for the 10th consecutive year, ranking #6 in the large company category. Earning a spot on this prestigious list means that CarMax is one of the country's best companies to work for. "We are immensely proud of CarMax's associates for their dedication and hard work. This award is a testament to their unwavering commitment and the supportive culture we hav ...

Wall Street analysts expect CarMax (KMX) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year increase of 13.3%. Revenues are expected to be $6.82 billion, down 3.5% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone a downward revision of 2.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Ahead of a ...

RICHMOND, VA, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Richmond Flying Squirrels and Richmondbased CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, announced today that the new Richmond ballpark and community entertainment venue will be named CarMax Park. The multi-year exclusive naming rights for the new ballpark expands the partnership between the Flying Squirrels and CarMax, which began in 2016. In addition to serving as the home of the Flying Squirrels, CarMax Park will also host larg ...

Richmond, VA, Aug. 23, 2024 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, is excited to announce the launch of its latest and zaniest campaign yet: "BeetleMax: The Way Car Buying Shouldn't Be." This campaign, created in collaboration with Warner Bros. Pictures, is here just in time for the highly anticipated film "Beetlejuice Beetlejuice," only in theaters on September 6, 2024. "We're taking you on a wild ride through a car dealership run by none other than Beetle ...

RICHMOND, VA, Aug. 08, 2024 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), announces EVP and Chief Information and Technology Officer, Shamim Mohammad, was inducted into the prestigious CIO Hall of Fame during the 2024 CIO 100 Symposium in Colorado Springs, Colorado, on August 7. As one of 12 inductees, Shamim joins an elite group of CIOs who have significantly contributed to and profoundly influenced the technology profession while advancing the CIO role. The CIO Hall of Fame and the CIO 100 Symposium are o ...

On the cost side, CarMax experienced a 3.1% increase in selling, general, and administrative costs (excluding the legal settlement). Inflation is an ongoing issue, and it's hampering profitability. That said, it wasn't all bad with CarMax delivering gross profit per retail unit sold of $2,347, flat year over year, and record extended protection plan sales of $563 per unit. In late February, Carvana noted, "Net income for FY 2023 totaled $150 million and benefited by $878 million gain on debt extinguishment ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended May 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-31420 CARMAX, INC. (Exact name of registrant as specified in its charter) | --- | --- | |--------------------------------------------------------|------------------------------ ...

These young consumers are the ones who are especially likely to be saving up to buy vehicles. The April installment of the same series, "Why 60 Percent of Gen Z's Live Paycheck to Paycheck," which drew from a survey of more than 3,400 U.S. consumers, found that 11% of Gen Z consumers cite buying a car as their top financial goal. Notably, CarMax highlighted year-over-year price declines, with average retail selling price per unit dropping by around $700. Nash noted that consumers have been buying older used ...