Profile
Sector:
Consumer CyclicalIndustry:
Auto & Truck DealershipsCountry:
United StatesIPO:
04 February 1997Website:
http://www.carmax.comNext earnings report:
27 September 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | 6 min agoDividend
Analysts recommendations
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KMX Latest News
The majority of consumers now seek out both digital and physical channels in their car buying journey, according to CarMax, and this omnichannel adoption continues to grow.
While the top- and bottom-line numbers for CarMax (KMX) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
CarMax NYSE: KMX is set up for a market melt-up because of improving market sentiment. The used car market is still struggling due to market normalization, but it is sufficient to drive solid cash flow for this business, and the trends are improving.
CarMax (KMX) reports lower-than-expected fiscal first-quarter results, wherein the top line falls 7.5% year over year.
CarMax Inc (NYSE:KMX) picked up in early trades even though profits fell in its latest quarter as investors decided the numbers weren't as bad as feared. Net earnings for the three months to end May 2024 dropped to $152.44 million, or $0.97 per share compared to $228.30 million, or $1.44 per share, over the same period a year ago.
CarMax Inc.'s stock KMX, -0.20% was up 2% in premarket trading on Friday after the used-car seller's first-quarter profit was stronger-than-expected, while its sales missed estimates. CarMax's net income for the three months ended May 31 dropped by about a third to $152.4 million, or 97 cents a share, from $228.3 million, or $1.44 a share in the year-ago period, which included a legal-settlement payment of 28 cents a share.
CarMax reported an about 33% dip in its first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year's first quarter; wholesale units declined 8.3% from the prior year's first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail, wholesale, and Extended Protection Plans (EPP). Gross profit per r.
CarMax, Inc. KMX will release earnings results for its first quarter, before the opening bell on Friday.
CarMax, Inc.'s Q1 2025 revenues fall year-over-year, but beat consensus estimates. CarMax's Q1 2025 earnings show a decline in comparable sales and margins, but surpass consensus expectations. CarMax's repurchase program accelerates with $104 million spent in Q1, targeting five new stores for Fiscal 2025.
What type of business is CarMax?
CarMax, Inc. is one of the largest sellers of used cars and related goods and services in the United States with headquarters in Richmond, Virginia. The company was founded in 1993. The company's activities are divided into two business segments: CarMax Sales Operations - includes all aspects of automotive merchandising and service. Buying and selling used cars, repairing and refurbishing them before sale, as well as selling related goods and services. Cars are purchased directly from owners, as well as through local, regional, and online auctions, among others. CarMax Auto Finance - includes activities related to financing customers purchasing a car at retail from CarMax.
What sector is CarMax in?
CarMax is in the Consumer Cyclical sector
What industry is CarMax in?
CarMax is in the Auto & Truck Dealerships industry
What country is CarMax from?
CarMax is headquartered in United States
When did CarMax go public?
CarMax initial public offering (IPO) was on 04 February 1997
What is CarMax website?
https://www.carmax.com
Is CarMax in the S&P 500?
Yes, CarMax is included in the S&P 500 index
Is CarMax in the NASDAQ 100?
No, CarMax is not included in the NASDAQ 100 index
Is CarMax in the Dow Jones?
No, CarMax is not included in the Dow Jones index
When does CarMax report earnings?
The next expected earnings date for CarMax is 27 September 2024