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 economic outlook has brightened somewhat.

Why CarMax Stock Was Up 11% This Week

AutoZone

O'Reilly Automotive

While economic uncertainties and rising commodity and operational costs play spoilsport, the Auto Retail Parts industry participants like ORLY, AZO and KMX are better placed to ward off challenges.

Can These 3 Auto Parts Retailers Survive the Industry Woes?

Chunghwa Telecom

Generac Holdings

Taiwan Semiconductor Manufacturing

WeWork

These 5 stocks are now reaching that stage of capitalism known as the “just get me out” stage.

5 Stocks Now At The “Just Get Me Out” Stage

CarMax ( KMX , Financial) is the largest used car retailer in the United States and has been one of the bright spots in the retail sector over the past few years. CarMax's business model is simple: it buys and sells used cars and offers to finance customers who want to purchase a vehicle.

A CarMax Rebound Is Unlikely in the Near Term

FedEx

Innovative Industrial Properties

Altria

Phillips 66

ALPS Active REIT ETF

Verizon

Markets have been wildly volatile. Since August the Dow Jones Industrial Average is down about 15%.

The 7 Best Dividend Stocks to Buy for Your Grandkids

CarMax stock fell 25% following its earnings announcement on Sept. 29. Could Ally Financial be next?

Could Plunging Car Sales Spell Trouble for This Warren Buffett Stock?

CarMax (KMX) delivers a dismal Q2 show as earnings miss estimates on lower-than-expected revenues across all segments and contract 54% year over year.

CarMax (KMX) Q2 Earnings Miss Estimates, Decline 54% Y/Y

CarMax shares plunged following the Q2 earnings report but may have already bottomed. The institutions and insiders still like the stock and see upside ahead.

The Institutions Bought CarMax In Q3, Now It's Cheaper

In this article, we discuss the situation for consumers, used cars, the economic outlook, and the situation of CarMax. CarMax is down 50% year-to-date as it is now hit by slower unit sales, falling prices, razor-thin margins, and bearish comments from its management.

CarMax, The Ground-Zero Of Macro Headwinds

Biogen

NIKE

Here are seven major companies whose stocks moved on the week's news.

Nike, Biogen, CarMax: Stocks That Defined the Week

CarMax CEO Bill Nash warned Thursday that consumers are struggling with affordability as the used car deal reported results for its fiscal 2023 second quarter.

CarMax warns consumers struggling with affordability

CarMax's recent results signal some trouble spots that extend far beyond the used car industry and hint at some of the fires that may flare within the paycheck-to-paycheck economy. The data show that CarMax's retail used vehicle unit sales declined 6.4% year over year during the quarter ended Aug. 31.

CarMax Results Point to Shaky Used Car Market

A steep decline in CarMax profits shows that a more efficient way to sell cars is not enough to overcome higher prices that are keeping consumers away

Declining Profits Challenge the CarMax Value Proposition

Aptiv

BorgWarner

Ford Motor Company

General Motors

Tesla

U.S. stocks sold off again on Thursday, with CarMax and several vehicle manufacturers and parts makers among the worst performers.

Car-related stocks take it on the chin, with declines of up to 25% in one day

Investors should expect weak sales to stick around another quarter, especially with interest rates continuing to hit fresh highs.

Why CarMax Stock Was Down Big Today

CarMax, Inc. (NYSE:KMX ) Q2 2023 Earnings Conference Call September 29, 2022 9:00 AM ET Company Participants David Lowenstein - 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 Craig Kennison - Robert W. Baird Brian Nagel - Oppenheimer Sharon Zackfia - William Blair Michael Montani - Evercore Adam Jonas - Morgan Stanley John Murphy - Bank of America Chris Bottiglieri - BNP Paribas Rajat Gupta - JPMorgan Seth Basham - Wedbush Securities Joe Enderlin - Stephens David Whiston - Morningstar Operator Good day, and welcome to the CarMax Second Quarter Fiscal Year 2023 Earnings Release Conference Call.

CarMax, Inc. (KMX) Q2 2023 Earnings Call Transcript

CarMax Inc. investors were enduring the worst day in more than 20 years on Thursday, after the used-car retailer missed earnings expectations by a wide margin, citing “affordability” challenges stemming from inflation and low consumer confidence.

CarMax stock suffering biggest selloff in 22 years as inflation, low consumer confidence lead to big profit miss

The sellers were clearly in the driver's seat today as CarMax (NYSE: KMX ) stock lost more than 20% of its value this morning. The company reported its results for fiscal 2023's second quarter, and CarMax's investors were definitely disappointed.

Why Is CarMax (KMX) Stock Down 20% Today?

High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.

Used cars have become unaffordable

Difficult economic conditions are leading car shoppers to look for less-expensive used vehicles, CarMax President and CEO Bill Nash said Thursday (Sept. 29) during the company's quarterly earnings call.

CarMax Aims to Meet Growing Consumer Demand for Cheaper Cars

CarMax (KMX) delivered earnings and revenue surprises of -43.57% and 6.90%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?

CarMax (KMX) Lags Q2 Earnings and Revenue Estimates

The shares of CarMax, Inc (NYSE:KMX) are plummeting this morning, last seen down 17.1% at $72.18, following the company's second-quarter earnings report.

Sharp Drop in Sales Send CarMax Stock Plummeting

Shares of CarMax Inc. KMX, +6.49% tumbled 9.7% toward a more than two-year low in premarket trading Thursday, after the used vehicle retailer reported fiscal second-quarter profit that fell well below expectations, as "affordability challenges" led to sales falling "sharply" in the final months of the quarter. Net income for the quarter to Aug. 31 fell to $125.9 million, or 79 cents a share, from $285.3 million, or $1.72 a share, in the year-ago period.

CarMax stock sinks after big profit miss, as 'affordability challenges' lead to sharp sales decline

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2022. Highlights: Net revenues of $8.1 billion, up 2.0% compared with the prior year second quarter. Total retail used units sold decreased 6.4%, while used unit sales in comparable stores were down 8.3%; gross profit per retail used unit was $2,282, an increase of $97 per unit despite steep market depreciation. CarMax's share of the nationwide 0-10 year old vehicle market cont

CarMax Reports Second Quarter Fiscal 2023 Results

The Zacks Consensus Estimate for CarMax's (KMX) fiscal Q2 earnings and revenues is pegged at $1.40 per share and $8.67 billion, respectively.

News for CarMax Stock (KMX)