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

American Airlines

Carnival

C.H. Robinson Worldwide

Etsy

Extra Space Storage

Paramount Global

Pool

Ralph Lauren

Zions Bancorp

If you're like most S&P 500 investors, you're celebrating your nearly 18% gains this year. But doubters are betting it's too good to last.

Investors Bet That These 10 Major Stocks Are Due For A Nasty Fall

Here is how CarMax (KMX) and Urban Outfitters (URBN) have performed compared to their sector so far this year.

Are Retail-Wholesale Stocks Lagging CarMax (KMX) This Year?

CarMax (KMX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

CarMax (KMX) Is Attractively Priced Despite Fast-paced Momentum

CarMax (KMX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

CarMax (KMX) Upgraded to Strong Buy: Here's What You Should Know

Intesa Sanpaolo SpA

J Sainsbury PLC

MongoDB

Shopify

MDB, KMX, ISNPY, SHOP and JSAIY have been added to the Zacks Rank #1 (Strong Buy) List on July 13, 2023.

New Strong Buy Stocks for July 13th

KMX, JSAIY and ISNPY made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 13, 2023.

Best Value Stocks to Buy for July 13

Sales are still down, but they're stabilizing. CarMax remained profitable in Q1 despite recent revenue declines.

Why CarMax Stock Jumped in June

CarMax (KMX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can CarMax (KMX) Run Higher on Rising Earnings Estimates?

CarMax (KMX) Shows Fast-paced Momentum But Is Still a Bargain Stock

The growing availability of new vehicles is undermining used car dealers' pricing power. And a troubled economy is taking a toll on borrowers' ability to repay loans, further threatening the used car industry's ability to sell vehicles.

If You Own CarMax Stock, You'll Want to Know These 3 Things Now

The used vehicle market might be seeing improvement, but affordability remains elusive. CarMax posted first-quarter earnings results for fiscal year 2024 Friday (June 23) that showed a slowing sales decline.

CarMax Results Show Car Affordability Still an Issue Amid Higher Rates

CarMax's (KMX) Q1 earnings beat estimates on higher year-over-year gross profit per unit in the used and wholesale vehicle segments.

CarMax (KMX) Q1 Earnings & Sales Beat Estimates, Decline Y/Y

Sales fell 17% in its recently ended quarter as rising interest rates kept used-car prices high and inflation continues to weigh on its customers' budgets.

CarMax Sees Sales Declines Ease as It Works to Lower Prices

Shares of CarMax jumped on Friday morning after the used car dealer exceeded quarterly earnings and revenue forecasts following cost-cutting measures.

CarMax Shares Soar After Beating Quarterly Profit and Sales Estimates

CarMax, Inc. (NYSE:KMX ) Q1 2024 Earnings Conference Call June 23, 2023 9:00 AM ET Company Participants David Lowenstein - Assistant Vice President, Investor Relations Bill Nash - President and Chief Executive Officer Enrique Mayor-Mora - Executive Vice President, Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Brian Nagel - Oppenheimer Craig Kennison - Robert W. Baird Daniel Imbro - Stephens Sharon Zackfia - William Blair & Company John Murphy - Bank of America Securities John Healy - Northcoast Research Scot Ciccarelli - Truist Securities Michael Montani - Evercore ISI Seth Basham - Wedbush Securities Rajat Gupta - JPMorgan Chris Pierce - Needham & Company David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by.

CarMax, Inc. (KMX) Q1 2024 Earnings Call Transcript

Shares of the diversified auto dealership CarMax NYSE: KMX are flying higher by as much as 10% right during the opening hours of Friday's trading session; the quick advance comes amid the company announcing its first quarter 2024 earnings results, blowing past analyst expectations by a massive 80.4%.

CarMax Stock Flying On Earnings Beat, Return Of The Highs?

Carvana

Strong cost management efforts from the leading used car retailer drove CarMax earnings. CarMax stock jumped.

CarMax Stock Soars As Earnings Smash Estimates; Online Rival Carvana Sinks

Carmax (NYSE: KMX ) stock is on the rise Friday following the release of the used-car company's earnings report for its fiscal first quarter of 2024. Investors are celebrating the company's diluted earnings per share of $1.44.

Why Is Carmax (KMX) Stock Up 9% Today?

CarMax (KMX) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $1.56 per share a year ago.

CarMax (KMX) Q1 Earnings and Revenues Surpass Estimates

GlaxoSmithKline

Markets opened lower on Friday. CarMax reported weak financial results that were nevertheless better than most investors had expected.

2 Stocks Defying Friday's Market Downturn

CarMax, Inc (NYSE:KMX) shares jumped 7% in pre-market trading on Friday after the used-car seller reported first quarter fiscal 2024 revenue that fell 17% year over year to $7.69 billion but surpassed the Refinitiv estimate of $7.53 billion. Its adjusted profit for the period, meanwhile, came in at $1.16 per share, handily exceeding expectations of $0.79 per share, as the company implemented cost-cutting measures to counter falling demand for used cars.

CarMax shares rev higher on 1Q revenue and earnings beat

The used-car seller topped analyst expectations on both profit and sales for the first quarter.

CarMax Stock Jumps After Earnings Beat

CarMax Inc on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost cutting measures that were implemented to tackle a fall in demand for used cars.

CarMax beats profit estimates powered by cost-cuts; shares jump

Shares of CarMax Inc. KMX, +0.03% jumped 8.3% toward a nine-month high in premarket trading Friday, after the used car seller reported a big fiscal first-quarter profit beat as used, consumer and dealer buys all improved. Net income for the quarter to May 31 fell to $158.6 million, or $1.44 a share, from $252.3 million, or $1.56 a share, in the year-ago period.

CarMax stock leaps toward a 9-month high after big profit beat, sales that fell less than forecast

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights: Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year's first quarter; wholesale units declined 13.6% from the prior year's first quarter. Delivered strong margins in retail and wholesale; gross profit per retail used.

News for CarMax Stock (KMX)