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CarMax: Accelerating Repurchases And Laser Focused On Margins Per Unit
Seeking Alpha· 2024-06-21 16:58
When we last covered CarMax, Inc. (NYSE:KMX) we suggested a buy sub-$70 a few months ago when the stock got nailed following Q4 earnings. KMX is a stock that we routinely cover, as it provides some insight into both car demand and the state of the consumer, and trends in inflation in used car pricing. We have traded KMX successfully many times, and following the last buy call, it rallied from the highs $60's to over $75. But otherwise, shares have been mostly sideways. We think shares can be bought on the n ...
CarMax(KMX) - 2025 Q1 - Earnings Call Transcript
2024-06-21 15:57
CarMax, Inc. (NYSE:KMX) Q1 2025 Earnings Conference Call June 21, 2024 9:00 AM ET Company Participants David Lowenstein - VP, IR Bill Nash - President and CEO Enrique Mayor-Mora - EVP and CFO Jon Daniels - SVP, CarMax Auto Finance Operations Conference Call Participants John Healy - Northcoast Research Seth Basham - Wedbush Securities David Bellinger - Mizuho Brian Nagel - Oppenheimer Sharon Zackfia - William Blair Rajat Gupta - JP Morgan Craig Kennison - Baird Chris Bottiglieri - BNP Paribas Scot Ciccarell ...
CarMax (KMX) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2024-06-21 14:31
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. View all Key Company Metrics for CarMax here>>> The reported revenue compares to the Zacks Consensus Estimate of $7.2 billion, representing a surprise of -1.14%. The company delivered an EPS surprise of -2.02%, with the consensus E ...
CarMax: A Market Melt-Up Waiting to Happen for this Stock
MarketBeat· 2024-06-21 14:27
CarMax Today CarMax +1.45 (+2.03%) ▼ P/E Ratio 24.03 Add to Watchlist Get CarMax alerts: CarMax struggled in Q1, with volume and pricing impacting the top and bottom lines. However, the company's $7.11 billion in revenue outpaced the consensus reported by MarketBeat despite the 7.5% decline. The critical details are that the revenue was slightly better than expected and aided performance on the bottom line. Regarding units sold, total units fell by 5.3%, while used same-store comparable sales fell by 3.8% a ...
CarMax (KMX) Q1 Earnings Miss Estimates, Revenues Fall Y/Y
ZACKS· 2024-06-21 14:26
CarMax Inc. (KMX) reported first-quarter fiscal 2025 (ended May 31, 2024) adjusted earnings per share of 97 cents, which missed the Zacks Consensus Estimate of 99 cents. The bottom line also declined from $1.16 per share recorded in the year-ago period. The auto retailer registered revenues of $7.11 billion in the quarter under review, which fell short of the Zacks Consensus Estimate of $7.19 billion. The top line also contracted 7.5% year over year. CarMax's used-vehicle net sales totaled $5.68 billion for ...
CarMax (KMX) Lags Q1 Earnings and Revenue Estimates
ZACKS· 2024-06-21 12:55
CarMax (KMX) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for nonrecurring items. CarMax, which belongs to the Zacks Automotive - Retail and Wholesale - Parts industry, posted revenues of $7.11 billion for the quarter ended May 2024, missing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $7.69 billion. The company has topped consen ...
CarMax(KMX) - 2025 Q1 - Quarterly Results
2024-06-21 10:53
CARMAX REPORTS FIRST QUARTER FISCAL YEAR 2025 RESULTS Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income Richmond, Va., June 21, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Total retail used vehicle unit sales decreased 3.1% to 211,132 compared to the prior year's first quarter. Comparable store used unit sales decreased 3.8% from the prior year's first quarter. Though ...
CarMax Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2024-06-21 05:47
Loading... Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 94 cents per share, down from $1.16 per share in the year-ago period. CarMax is projected to post quarterly revenue of $7.21 billion, according to data from Benzinga Pro. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables. Read This Next: Top 4 Consumer Stocks that May Keep You Up ...
Here's How CarMax (KMX) is Placed Ahead of Q1 Earnings
ZACKS· 2024-06-19 16:00
CarMax Inc. (KMX) is slated to release first-quarter fiscal 2025 results on Jun 21, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $1.02 per share and $7.23 billion, respectively. The earnings estimate for the to-be-reported quarter has been revised downward by 6 cents in the past 60 days. The bottom-line projection indicates a year-over-year contraction of 12%. The Zacks Consensus Estimate for quarterly revenues suggests a year-over ...
CarMax (KMX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
ZACKS· 2024-06-17 14:15
Analysts predict that the 'Gross Profit per Unit - Used vehicles gross profit' will reach $2,392.71. Compared to the current estimate, the company reported $2,361 in the same quarter of the previous year. The collective assessment of analysts points to an estimated 'Gross Profit per Unit - Wholesale vehicles gross profit' of $1,025.91. Compared to the present estimate, the company reported $1,042 in the same quarter last year. View all Key Company Metrics for CarMax here>>> Over the past month, shares of Ca ...