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

The automotive market continues to fire on all cylinders despite the pandemic as online and offline sales have either remained flat or trending up for Q3. The latest case for its resiliency comes from CarMax, announcing Q3 earnings on Tuesday (Dec 22) that showed solid sales as the company gears up for a push into […]

CarMax Earnings Show Healthy Digital-First Automotive Market

CarMax (KMX) delivered earnings and revenue surprises of 27.93% and 4.19%, respectively, for the quarter ended November 2020. Do the numbers hold clues to what lies ahead for the stock?

CarMax (KMX) Q3 Earnings and Revenues Top Estimates

Shares of CarMax Inc. fell 1.4% in premarket trading Tuesday, after the used-car retailer beat profit and revenue expectations, but same-store sales that surprisingly declined, as demand softened in the latter half of the quarter. The company said it believes some of the factors that hurt sales were the surge in COVID-19 cases and uncertainty around the election and future stimulus programs.

CarMax's stock falls, as profit and revenue beat but same-store sales surprisingly declines

Shares of CarMax (NYSE:KMX) moved higher by 1.2% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 36.54% over the past year to $1.42, which beat the estimate of $1.14.

Recap: CarMax Q3 Earnings

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX), the nation's largest and most profitable retailer of used cars, today reported results for the third quarter ended November 30, 2020. Highlights: Net earnings for the third quarter increased 35.9% and net earnings per diluted share increased 36.5% from the prior year, driven by strong execution in a dynamic environment. Total used units sold increased 1.0%, while used unit sales in comparable stores were down 0.8%; gross profit per used u

CarMax Reports Third Quarter Fiscal 2021 Results

iShares Russell 2000 ETF

Invesco QQQ

Alteryx

FuboTV

The QQQ and IWM ETFs are two of our top stock trades to watch on Tuesday. Alteryx, FuboTV and CarMax are the others we are watching.

5 Top Stock Trades for Tuesday: IWM, QQQ, AYX, KMX, FUBO

Tesla

FactSet Research Systems

Cintas Corp

HEICO

Paychex

Tesla stock joins the S&P 500. FactSet, CarMax, Cintas, and Paychex report earnings.

Tesla, CarMax, FactSet, and Other Stocks to Watch This Week

FedEx

JPMorgan Chase & Co

Oracle

The overall earnings picture started improving in early July as big parts of the U.S. economy have started coming out of the pandemic-driven lockdown. We saw this improvement in the revisions trend, with earnings estimates steadily going up. Earnings growth in Q3 was still negative, but the decline was significantly smaller relative to what we had seen in Q2, which turned out to be the bottom.

Q4 Earnings Season Preview

Each of CarMax's 25,000+ associates empowered to direct funds to their favorite nonprofit Each of CarMax's 25,000+ associates empowered to direct funds to their favorite nonprofit

The CarMax Foundation to Donate up to $650,000 in Support of #GivingTuesday Campaign

Brookfield Asset Management

Markel

Roper Technologies

Akre Capital Management recently disclosed its portfolio updates for the third quarter of 2020, which ended on Sept. 30.

Akre Capital Management's Top 3rd-Quarter Trades

AMC Entertainment

Amazon

Electronic Arts

GameStop

Netflix

Redfin

Upwork Inc

Vista Outdoor

With coronavirus cases worsening, cyclical stocks might seem like an extreme contrarian play. However, you may be surprised at how viable going against the grain could be.

9 Cyclical Stocks With Further Gains to Come

Today's customers expect shopping to be simple, streamlined, and personalized, with a uniform experience across channels. But buying a car? Historically that's been a complex endeavor that included a lot of back-and-forth between the customer and the salesperson, finance arrangements, as well as a test drive. Because store and showroom visits were considered to be a crucial step in making this significant purchase, the auto industry has lagged behind other retailers in providing a state-of-the-art online experience. CarMax, the nation's largest used-car retailer, decided to change that. First the company improved its website to help customers navigate shopping and financing, and it empowered salespeople by swapping their mishmash of customer-relationship-management software and paper notebooks in its 200-plus stores for Salesforce enterprise CRM capabilities.

How CarMax is using digital tools to empower employees to serve customers online and in person in real time

One of FORTUNE Magazine's 100 Best Companies to Work For® is Hiring Nationwide for Long-Term Careers One of FORTUNE Magazine's 100 Best Companies to Work For® is Hiring Nationwide for Long-Term Careers

CarMax is Hiring for More Than 3,500 Positions by End of 2020

Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback the hedge funds employing these talents and can benefit from their vast resources and knowledge in that way. We analyze quarterly 13F filings of nearly 823 hedge funds and, by looking at the smart money sentiment that surrounds a stock, we can determine whether it has the potential to beat the market over the long-term. Therefore, let's take a closer look at what smart money thinks about CarMax Inc (NYSE:KMX).

CarMax Inc (KMX): Are Hedge Funds Right About This Stock?

On October 12, 2020, Giverny Capital released its Q3 2020 Investor Letter, a copy of which you can download here. The Fund returned 6.50% for the third quarter of 2020. Meanwhile, the benchmark S&P 500 Index gained 8.93%. You should check out Giverny Capital's top 5 stock picks for investors to buy right now, which could be the biggest winners of this year.

Is CarMax (KMX) a Smart Long-term Buy?

AutoNation

Carvana

41 million used vehicles are sold each year in the U.S. and Covid-19 is accelerating their popularity in the auto market among both consumers and car dealers, but demand is driving up prices.

The used car boom is one of the hottest, and trickiest, coronavirus markets for consumers

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Amazon and CarMax.

Wall Street's top analysts are unanimously bullish on stocks like Amazon and CarMax

The company reported a record quarter, but investors are worried about near-term uncertainties.

Why CarMax Stock Fell 14% in September

E-commerce based used-car retailer, Carvana’s P/S (price-to-sales) multiple of 2.7x is higher than the figure of 0.9x for CarMax, a used-car industry leader. So, is Carvana stock too expensive compared to CarMax stock?

Is Carvana’s Stock Overvalued Compared To CarMax?

CarMax Inc. 
        KMX, 
        -0.26% 
       said Monday it has resumed its share buyback program after suspending it in April due to the coronavirus pandemic. The retailer of new and used cars said in a regulatory filing that it has $1.51 billion left in its share buyback authorization.

CarMax resumes share buybacks after suspending program in April due to pandemic

Carmax reports strong Q2 margins and has rebuilt inventory signaling an expectation of sales growth.

Carmax Puts The Pedal To The Metal With Omnichannel Rollout

CarMax Inc. (NYSE: KMX) said on Thursday that its profit and sales in the fiscal second quarter came in stronger than Wall Street estimates. The company attributed its hawkish performance to pent-up demand in July and August after months of inactivity due to the Coronavirus pandemic that has so far infected more than 7 million people in the United States and caused over 200 thousand deaths.

CarMax tops Wall Street estimates for profit and sales in Q2

CarMax, Inc. (KMX) CEO Bill Nash on Q2 2021 Results - Earnings Call Transcript

CarMax (KMX) earnings for the used car retailer's fiscal second quarter of 2021 have KMX stock taking a beating on Thursday.
The post CarMax Earnings: KMX Stock Drives 10% Lower Despite Better-Than-Expected Q2 appeared first on InvestorPlace.

News for CarMax Stock (KMX)