Shares of CarMax (NYSE: KMX ) have been a moderate performer over the past year, gaining 10% as it has faced manageable credit losses but weakening used car prices. Shares reacted positively on Thursday to the company’s quarterlyOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’ ...

Today, we revisit CarMax, Inc. (NYSE: KMX ). We had suggested a buy sub-$70 a few months ago when the stock got nailed following Q4 earnings . In June, when the stock was in the low $70s,Missed those gains? Come get moreWin with our playbook to advance your savings and retirement timeline by embracing a blended trading and investing approach at our one-stop shop.We activated our HOLIDAY deal before prices rise January 1st. ACT NOW and you can lock in our best price in years. Join Seeking Alpha's premier ser ...

While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit sales, company officials attributed this growth to strong execution across its business model, led by its omnichannel strategy.This strategy has become a key differentiator, according to CEO Bill Nash. CarMax uses advanced technology to improve car images, reviews and details, providing targeted content based on individual customer preferences. It also a ...

CarMax Inc. (KMX) reported third-quarter fiscal 2025 (ended Nov. 30, 2024) adjusted earnings per share of 81 cents, which beat the Zacks Consensus Estimate of 62 cents. The bottom line also rose from 52 cents per share recorded in the year-ago period. The auto retailer registered revenues of $6.22 billion in the quarter under review, which surpassed the Zacks Consensus Estimate of $5.99 billion. The top line also rose 1.2% year over year.Stay up-to-date with the quarterly releases: See Zacks Earnings Calend ...

CarMax, Inc. (NYSE:KMX) Q3 2025 Earnings Conference Call December 19, 2024 9:00 AM ET Company Participants David Lowenstein - Assistant Vice President, Investor Relations Bill Nash - President and Chief Executive Officer Enrique Mayor-Mora - Executive Vice President and Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Brian Nagel - Oppenheimer Sharon Zackfia - William Blair John Murphy - Bank of America Seth Basham - Wedbush Securities ...

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 ...

Financial Performance - Total gross profit reached $677.6 million, an increase of 10.6% year-over-year, driven by unit volumes and strong unit margin performance [4]. - Net earnings per diluted share were $0.81, reflecting a significant increase of 55.8% from $0.52 a year ago [6]. - Net earnings for the three months ended November 30, 2024, were $125.4 million, compared to $82.0 million in the same period of 2023, marking a significant increase of 53.0% [34]. - Diluted net earnings per share increased by 55.8% to $0.81 from $0.52 year-over-year for the three months ended November 30, 2024 [44]. - Total net sales and operating revenues were $6,223.4 million, a 1.2% increase from the prior year's third quarter [25]. - Total net sales and operating revenues for the three months ended November 30, 2024, were $6.2 billion, compared to $6.1 billion for the same period last year, reflecting a growth of 1.2% [56]. Vehicle Sales - Retail used unit sales increased by 5.4% to 184,243 units, while comparable store used unit sales rose by 4.3% [11]. - Used vehicle sales reached $4.89 billion, accounting for 78.6% of total revenues, compared to $4.83 billion in the prior year [56]. - Wholesale vehicle sales were $1.17 billion, representing 18.8% of total revenues, slightly up from $1.17 billion in the previous year [56]. - The company purchased 270,000 vehicles from consumers and dealers, marking a 7.9% increase compared to the previous year [4]. - CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles at its auctions during the fiscal year ended February 29, 2024 [49]. CarMax Auto Finance - CarMax Auto Finance (CAF) income increased by 7.6% to $159.9 million, attributed to growth in net interest margin percentage and average managed receivables [5]. - CarMax Auto Finance income for the three months ended November 30, 2024, was $159.9 million, a rise from $148.7 million in the same period of 2023, reflecting a growth of 7.9% [34]. - The total interest margin after provision for loan losses for the three months ended November 30, 2024, was $203.4 million, up from $188.4 million in the same period of 2023 [43]. - The net penetration rate for CarMax Auto Finance was 43.1% for the three months ended November 30, 2024, slightly down from 44.0% in the same period of 2023 [43]. - The company originated over $8 billion in receivables during fiscal 2024, contributing to a total portfolio exceeding $17 billion [49]. Expenses and Costs - SG&A expenses increased by 2.8% to $575.8 million, but SG&A as a percent of gross profit decreased by 640 basis points to 85.0% [16]. - Selling, general, and administrative (SG&A) expenses for the three months ended November 30, 2024, totaled $575.8 million, a 2.8% increase from $560.0 million in the same period of 2023 [41]. - The company reported a provision for loan losses of $266,406, an increase from $238,952, indicating a rise of about 11.1% [63]. Assets and Liabilities - Total current assets decreased to $4,818,636 from $5,109,950, a decline of approximately 6% year-over-year [61]. - Total liabilities decreased slightly to $21,085,916 from $21,128,885, a reduction of approximately 0.2% [61]. - Cash, cash equivalents, and restricted cash at the end of the period were $975,836, down from $1,260,076, a decrease of about 22.5% [63]. - Auto loans receivable, net increased to $17,412,940 from $17,081,891, representing a growth of approximately 1.9% [61]. - Total shareholders' equity increased to $6,211,210 from $6,044,365, reflecting a growth of approximately 2.8% [61]. Capital Expenditures - Capital expenditures for the period were $340,322, slightly lower than $355,442 in the previous period [63]. - The current portion of long-term debt decreased significantly to $15,020 from $312,744, a reduction of approximately 95% [61]. Online Sales - Online retail sales accounted for 15% of retail unit sales, with revenue from online transactions totaling $2.0 billion, approximately 32% of net revenues [14]. Vehicle Pricing - The average retail selling price for used vehicles declined by approximately $1,100 per unit, or 3.9% [11]. - Used vehicle gross profit for the three months ended November 30, 2024, increased by 6.8% to $424.8 million compared to $397.9 million in the same period of 2023 [36]. - The company reported a gross profit per unit for used vehicles of $2,306 for the three months ended November 30, 2024, an increase from $2,277 in the same period of 2023 [40]. - Gross profit for the three months ended November 30, 2024, was $677.6 million, a 10.9% margin compared to $612.9 million and a 10.0% margin in the same period last year [56].

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 ...