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

CarMax (KMX) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.98 per share a year ago.

CarMax (KMX) Q4 Earnings Top Estimates

CarMax reports fiscal fourth-quarter earnings of 44 cents a share from $5.7 billion in sales. Wall Street was looking for profit of 20 cents a share on sales of $6.1 billion.

CarMax Earnings Beat Wall Street Estimates, Sending the Stock Higher

Shares of CarMax Inc. KMX, +2.38% rallied 4.0% in premarket trading Tuesday, after the used car seller reported fiscal fourth-quarter profit that was more than double what was expected even as revenue that fell well short of expectations citing “vehicle affordability challenges.” Net income for the quarter to Feb. 28 fell to $69.0 million, or 44 cents a share, from $159.8 million, or 98 cents a share, in the year-ago period.

CarMax stock rallies after big profit beat, even as revenue fell well short of expectations

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2023. Highlights: CarMax's share of the nationwide age 0-10 year old used vehicle market remained at 4.0% in calendar year 2022. Gains in the first half of the year were offset in the back half, reflecting our focus on achieving profitable market share gains. Net revenues were $5.7 billion, down 25.6% compared with the prior year fourth quarter.

CarMax Reports Fourth Quarter and Fiscal Year 2023 Results

Wall Street is looking for 20 cents in per-share earnings from $6.1 billion in sales. A year ago, CarMax reported 98 cents in per-share earnings from $7.7 billion in sales.

Rising Rates, Declining Auto Affordability Will Hit CarMax Earnings

The Zacks Consensus Estimate for CarMax's (KMX) fiscal Q4 earnings and revenues is pegged at 22 cents per share and $5.87 billion, respectively.

Falling Sales Volume & ASPs to Hurt CarMax (KMX) Q4 Earnings

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Earnings Previews: Albertsons, CarMax, Tilray

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Incredibly, the first quarter is now history, after a volatile 90 days to start 2023 that saw the return of bank failures, rising interest rates, the ongoing war in Ukraine, continued hot and sticky inflation, and a host of additional items that have kept the pressure on stocks.

BofA Securities Out With Top ‘Strong Buy' Stock Ideas for Q2 2023

CarMax (KMX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: CarMax (KMX) Q4 Earnings Expected to Decline

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14 Stocks' Amazing Rallies This Year Are Now Completely Gone

Estimates have fallen off a cliff since the end of last year, pulling this stock price along with it.

Bear of the Day: CarMax (KMX)

Used car retailer CarMax was recommended as a short idea at JPMorgan on the view that volumes are likely to disappoint this spring.

CarMax is a short idea at JPMorgan as broker anticipates disappointing tax refund season

CarMax, Inc. has superior scale and structural advantages versus peers. The used car market has rebounded to start the year.

CarMax: A Great, But Pricey, Company

Diamond Hill Capital (Trades, Portfolio), part of Columbus-based Diamond Hill Investment Group ( DHIL , Financial), disclosed in a regulatory portfolio update filing that its top five trades during the fourth quarter of 2022 included a new position in CarMax Inc. ( KMX , Financial), boosts to its holdings of First Republic Bank ( FRC , Financial) and Chevron Corp. ( CVX , Financial) and reductions to its investments in VF Corp. ( VFC , Financial) and SVB Financial Corp. ( SIVB , Financial).

Diamond Hill Capital Drives Into CarMax Position in 4th Quarter

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After a rough 2022 full of geopolitical instability and skyrocketing inflation, the concept of stocks to buy for the new year may have appeared imprudent just a few weeks ago. However, the equities sector generally responded well, encouraging investors to take a shot.

7 Stocks to Buy as a New Bull Market Emerges

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The prices of used cars have skyrocketed in the past few years. Coming out of the pandemic, supply-chain constraints made it difficult for people to get their hands on new ehicles, pushing many people to the used car market.

3 Stocks Set to Crash as Used Car Prices Plummet in 2023

CarMax is rolling out artificial intelligence (AI)-powered vehicle inspection systems across its wholesale business. The used car retailer has partnered with AI technology company UVeye on systems that assess vehicles and produce condition reports for wholesale buyers of vehicles sold at auctions, according to a Tuesday (Jan. 24) press release.

CarMax Expands Deployment of AI-Powered Vehicle Inspection Systems

RICHMOND, VA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- CarMax, the nation's largest retailer of used cars and one of the largest wholesalers of used cars, announces it is partnering with UVeye on automated vehicle assessment technology through AI-enhanced condition reports for wholesale buyers of vehicles sold at auction. UVeye is a computer vision tech company that develops automated inspection systems for vehicles, powered by artificial intelligence and proprietary hardware.

CarMax Partners with AI Technology Company UVeye on Vehicle Assessment Technology for Wholesale Vehicles

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The Dow declined to start the trading week on Jan. 17, 2023, as earnings reports failed to impress the markets, while the Nasdaq posted a small gain.

The Market Sum: Double Down

Customers can save time by pre-qualifying online to receive personalized financing terms on CarMax's nationwide inventory, with no impact to credit scores Customers can save time by pre-qualifying online to receive personalized financing terms on CarMax's nationwide inventory, with no impact to credit scores

CarMax Launches New Online Pre-Qualification Capability Where Customers Can Shop Cars Nationwide with Personalized Financing Terms

Some CarMax (NYSE: KMX ) stock investors may be hoping for a recovery in 2023 after a bruising 2022. However, a group of analysts evidently believe it's “premature” for investors to be hopeful.

KMX Stock Alert: What to Know as JPMorgan Downgrades CarMax

CarMax stock edged lower Wednesday. Shares have advanced around 10% so far in January.

CarMax Stock Downgraded As Used Car Market Deteriorates

Analysts bumped the stock to Underweight from Neutral, citing concerns about a slow recovery in the sector.

CarMax Downgraded. It's Too Early to Bet on the Used-Car Market, Says J.P.

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These two investors take opposite sides of the debate but agree there are still good stocks to buy in either scenario.

Will There Be a Bull Market in 2023?

There is a clear bias in used car stocks that has CarMax set up to outperform Carvana in 2023 and beyond that includes institutions and short-sellers.

News for CarMax Stock (KMX)