CarMax Results Boosted by Improved Retail Unit Sales

Core Insights - CarMax reported an increase in retail unit sales in Q2, with earnings and revenue exceeding estimates [1][2] - Comparable store unit sales rose by 4.3% year-over-year [1][3] - CEO Bill Nash highlighted the positive results despite facing "auto loan loss pressure" in the industry [1][4] Financial Performance - Fiscal 2025 Q2 earnings per share (EPS) were $0.85, surpassing analyst estimates by $0.02 [2] - Revenue decreased by 0.9% year-over-year to $7.01 billion, but still exceeded forecasts [2] Sales Metrics - Retail used unit sales increased by 5.1% to 211,020 units, while wholesale vehicle sales declined by 0.3% to 141,458 units [3] - Gross profit per retail unit was $2,269, and $975 per wholesale unit, consistent with the previous year's Q2 [3] - The company purchased 300,000 vehicles during the period, a 2.9% increase, driven by a 61.4% rise in dealer purchases, while consumer purchases fell by 1.2% [3] Market Reaction - CarMax shares rose approximately 6% in late-morning trading, moving into positive territory for 2024 [4]