Revenue segments as reported by the company.

Used vehicle sales

Wholesale vehicle sales

Other sales and revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Finance Income

Selling, general, and administrative expenses

Depreciation and amortization

Interest expense

Other (income) expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

CarMax

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

CarMax Q1 2023: Sales Decline, Focus on Efficiency and Market Share

CarMax faces challenges in declining sales and customer conversion due to higher prices and affordability issues. However, the company is focused on leveraging expenses, delivering a customer-centric experience, and gaining market share. Despite the current environment, CarMax believes it is well positioned to emerge stronger and is investing in long-term capabilities.

CarMax (KMX) Q2 2023 Earnings: Sequential Improvement Amid Challenges

CarMax (KMX) reported a decline in total sales but demonstrated strengths in retail and wholesale GPU, customer-centric initiatives, and high self-sufficiency in sourcing inventory. The company faced challenges related to steep depreciation, limited vehicle availability, and pressure on compensation expenses. However, opportunities exist in increasing self-sufficiency, navigating supply challenges, and stabilizing depreciation.

CarMax (KMX) reports sequential improvements driven by omnichannel investments

CarMax (KMX) reports sequential year-over-year improvements in key business components, driven by omnichannel investments. While facing challenges related to inflationary pressures and bonus accruals, the company is focused on leveraging opportunities to improve efficiency and capitalize on increased customer traffic and market share growth.

CarMax adapts to industry challenges, eyes growth opportunities ahead

CarMax navigated challenges in the used auto industry by focusing on cost reductions, maintaining profitability, and adjusting strategies to market conditions.
Despite a decline in sales and earnings, the company remains committed to gaining profitable market share and enhancing operational efficiencies.
Opportunities lie in structural growth segments and market share expansion, while challenges persist in financial performance amid industry headwinds.

CarMax reports Q1 sales decline, focuses on affordability and growth

CarMax's Q1 performance reflected declines in sales and income, offset by improvements in service and cost efficiencies.
Despite challenges in CAF income and market dynamics, the company maintained strong credit approval rates and affordability focus.
Opportunities for growth include expanding used EV sales, optimizing merchandise mix, and leveraging AI technology for market share.
Overall, CarMax's strategic initiatives position it well to navigate challenges and capitalize on emerging opportunities in the automotive market.

CarMax reports resilient Q2 performance amidst challenges and growth opportunities

CarMax's Q2 performance showed resilience with sequential improvements in key metrics, reflecting operational strength and adaptability in a challenging environment.
While facing challenges such as decreased CAF income and affordability issues, CarMax's focus on efficiency, value maximization, and prudent risk management positions it well for future growth.
Opportunities lie in further enhancing inventory sourcing self-sufficiency, optimizing advertising strategies, and leveraging stabilized trends for sustained profitability and success.

CarMax reports Q3 growth amidst market challenges and expansion plans

CarMax's Q3 performance showcased improvements in key metrics, with a focus on efficiency and customer engagement through omnichannel investments.
While facing market challenges and fluctuating trends, the company remains agile in managing staffing levels and costs to drive profitability.
Opportunities lie in enhancing sales efficiency, expanding to new locations, and strategic advertising efforts to navigate market dynamics and drive growth.

CarMax reports solid Q4 performance amidst market challenges and opportunities

CarMax's Q4 performance showcased growth in used unit sales and operational improvements, despite challenges in net earnings and market dynamics.
The company's strengths in affordability focus, consumer demand alignment, and strategic tools position it for continued growth.
Challenges in lending standards, market share dynamics, and consumer sentiment require strategic responses for sustained success.
Opportunities in affordability enhancements, operational efficiency, and market expansion present avenues for future growth and performance optimization.

CarMax Q1 2025 Earnings: Sales Decline, Strategic Growth

CarMax's Q1 2025 earnings reflected a challenging quarter with declines in sales and earnings. However, strategic initiatives such as expanding sourcing capabilities, enhancing lending services, and focusing on electric vehicles provide a pathway for future growth. The company's strong financial management is evident in its share repurchases and debt repayment.

CarMax reports robust Q2 performance amidst industry challenges

CarMax's Q2 2025 performance showcased strong sales, margins, and cost efficiencies, despite challenges in CarMax Auto Finance income and increased SG&A expenses.
The company's strategic strengths lie in its consistent gross profit, omnichannel retail focus, and commitment to efficiency and stakeholder support.
While facing challenges in finance and expenses, CarMax has opportunities to drive growth through online sales, credit strategies, and operational efficiencies, positioning it for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Prices are soaring, but CarMax's profit margins aren't improving.

CarMax Has Some Big Questions to Answer for Investors on Friday

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Shares of the largest U.S. used car retailer CarMax, Inc. (NYSE: KMX) have fallen over (-30%) since its pandemic highs but may be poised for a bounce.

CarMax Stock is Poised to Bounce

CarMax (KMX) reported earnings 30 days ago. What's next for the stock?

Why Is CarMax (KMX) Down 3.4% Since Last Earnings Report?

As the MOMO, YOLO, and BTFD days sink deeper into the past, we remind investors to focus on fundamentals. CarMax's consistent profit growth before the pandemic suggests, over the long run, Core Earnings will return to trend growth.

Focus On Fundamentals In Stormy Markets - CarMax

As the MOMO, YOLO, and BTFD days sink deeper into the past, we remind investors to focus on fundamentals.

Focus On Fundamentals In Stormy Markets: CarMax (KMX)

Survey shows strong return policies can ease consumer uncertainty around used car buying Survey shows strong return policies can ease consumer uncertainty around used car buying

1 in 4 People Find Used Car Buying Riskier Than Trying Gas Station Sushi, CarMax Offers Solution

Tailwinds for used cars include limited new car supplies, economic costs, and raw material shortages; raising our estimated fair value to $145. Largest used car retailer, leveraging economies of scale across internet and retail store base.

CarMax's Growth Turbo-Boosted By Hot Used Car Market

Exactly one week ago, CarMax, Inc. (NYSE: KMX) was dinged by a dismal post-earnings reaction.

CarMax Stock Stalling Near Two-Year Lows

The used-car retailer is still bullish about its growth opportunity.

CarMax Is Betting That Lower Prices Will Drive Market-Share Gains

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CarMax reported its financial results for the fiscal fourth quarter on Tuesday. Shares closed about 10% down.

CarMax shares slide on Q4 earnings report

CarMax's fourth quarter came as a disappointment, with earnings trailing estimates. Don't jump into KMX stock for now.

Hold on to the Steering Wheel, KMX Stock Investors! CarMax Just Had a Clunker of a Q1

CarMax, Inc. (KMX) CEO Bill Nash on Q4 2022 Results - Earnings Call Transcript

CarMax (KMX) lags Q4 earnings estimates on lower-than-expected sales volume from the used vehicle segment. The top line, however, surpasses the consensus mark.

CarMax (KMX) Misses Q4 Earnings Mark, Boosts Buyback by $2B

CarMax (KMX) stock is slipping on Tuesday after the company released its earnings report for the fourth quarter of fiscal 2022. The post Why Is CarMax (KMX) Stock Down Today?

Why Is CarMax (KMX) Stock Down Today?

CarMax Inc (KMX) stock is experiencing a negative post-earnings reaction after the company's mixed fiscal fourth-quarter results.

CarMax Stock Crumbles After Earnings Miss

CarMax stock continued to dip on Tuesday (April 12), dropping about 5.15% in early trading with news that its fiscal 2021 fourth-quarter earnings were lower than the year before and that they had missed most analysts' estimates. CarMax shares have dropped in value almost 20% in the past year.

CarMax Stock Dips After Failure to Hit Earnings Estimates

CarMax (KMX) delivered earnings and revenue surprises of -23.44% and 1.60%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?

CarMax (KMX) Q4 Earnings Lag Estimates

CarMax Inc (NYSE: KMX) reported fourth-quarter 2022 net revenues growth of 48.8% year-on-year to $7.69 billion, beating the consensus of $7.50 billion. The company sold 343,413 units through retail and wholesale channels, up 11.3% Y/Y.

CarMax Shares Slide As Q4 EPS Miss Consensus; Boosts Long-Term Targets

CarMax Inc (NYSE: KMX) shares are trading lower Tuesday morning after the company reported worse-than-expected earnings results.  CarMax said fourth-quarter revenue increased 48.8% year-over-year to $7.7 billion, which beat the $7.5 billion estimate.

Why CarMax Shares Are Trading Lower

Carmax (NYSE: KMX) put in a good quarter to be sure but the report is rife with evidence inflation is hurting the economy. The company produced a solid increase in revenue versus the year-ago period but the gains are driven almost entirely by price increases.

Headwinds Mount For Carmax, Don't Count On Higher Share Prices

CarMax earns 98 cents a share in its fiscal fourth quarter. Wall Street was looking for much more.

CarMax's Awful Earnings Send a Warning to All Car Stocks.

CarMax Inc. shares slid 6% in premarket trade Tuesday, after the retailer of used cars missed fiscal fourth-quarter profit estimates, offsetting a revenue beat, weighed down by a range of factors. The company posted net earnings of $159.8 million, or 98 cents a share, for the quarter to Feb. 28, down from $209.9 million, or $1.27 a share, in the year-earlier period.

News for CarMax Stock (KMX)