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

Recognized for career accomplishments, including CarMax's innovation and digital transformation efforts Recognized for career accomplishments, including CarMax's innovation and digital transformation efforts

Shamim Mohammad, CarMax Chief Information and Technology Officer, Named to CIO Hall of Fame

Carvana has been in the limelight the past few years, but CarMax is the bigger, more established company. CarMax reported an earnings slump recently due to weak conditions in its core market.

CarMax Had a Rough Quarter. Why I'm Still Betting on Its Business Over Carvana

A-Mark Precious Metals

Chevron

Rocket Companies, Inc.

SentinelOne

Simon Property Group

Uber

For years following the worst of the COVID-19 crisis, the Federal Reserve wrestled with blistering inflation. Unfortunately, it was a necessary evil.

7 Risk-On Stocks to Buy as Rate Cut Fervor Intensifies

Home Depot

Lowe's

An active 2024 hurricane season will likely help sales at Home Depot Inc., Lowe's Cos., Floor & Decor Holdings Inc, and Tractor Supply Co. but hurt used car seller CarMax Inc., analysts at Mizuho said Thursday.

Active 2024 hurricane season helps Home Depot, Lowe's but hurts CarMax: analyst

Demand for used cars continues to deteriorate despite falling prices. CarMax is still spending heavily, seemingly unable to adjust to its shrinking business.

CarMax's Q1 Waves Red Flags for Carvana Stock

CarGurus

Cars.com

I wasn't keen on writing about used car stocks to buy. But then I read an article from early June in the Wall Street Journal that was an interesting take on used car sales.

3 Used Car Stocks to Buy as More Consumers Skip Buying New

Carmax Inc (NYSE: KMX) is being crushed by the likes of AutoNation Inc and Carvana Co, says Landon Swan – the cofounder of LikeFolio.  Shares of the used vehicle retailer have lost about 20% over the past three months.

Carmax Q1 earnings: ‘AutoNation and Carvana are crushing them'

The majority of consumers now seek out both digital and physical channels in their car buying journey, according to CarMax, and this omnichannel adoption continues to grow.

CarMax: Click-and-Mortar™ Vehicle Buying Is on the Rise

CarMax, Inc.'s Q1 2025 revenues fall year-over-year, but beat consensus estimates. CarMax's Q1 2025 earnings show a decline in comparable sales and margins, but surpass consensus expectations. CarMax's repurchase program accelerates with $104 million spent in Q1, targeting five new stores for Fiscal 2025.

CarMax: Accelerating Repurchases And Laser Focused On Margins Per Unit

U.S. stocks traded mixed midway through trading, with the Dow Jones index edging higher on Friday.

Gold Down 1%; CarMax Shares Gain After Q1 Earnings

CarMax, Inc. (NYSE:KMX ) Q1 2025 Earnings Conference Call June 21, 2024 9:00 AM ET Company Participants David Lowenstein - VP, IR Bill Nash - President and CEO Enrique Mayor-Mora - EVP and CFO Jon Daniels - SVP, CarMax Auto Finance Operations Conference Call Participants John Healy - Northcoast Research Seth Basham - Wedbush Securities David Bellinger - Mizuho Brian Nagel - Oppenheimer Sharon Zackfia - William Blair Rajat Gupta - JP Morgan Craig Kennison - Baird Chris Bottiglieri - BNP Paribas Scot Ciccarelli - Truist Securities Chris Pierce - Needham Operator Ladies and gentlemen, thank you for standing by. Welcome to the Q1 Quarter Fiscal Year 2025, CarMax Earnings Release Conference Call.

CarMax, Inc. (KMX) Q1 2025 Earnings Call Transcript

While the top- and bottom-line numbers for CarMax (KMX) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CarMax (KMX) Reports Q1 Earnings: What Key Metrics Have to Say

CarMax NYSE: KMX is set up for a market melt-up because of improving market sentiment. The used car market is still struggling due to market normalization, but it is sufficient to drive solid cash flow for this business, and the trends are improving.

CarMax: A Market Melt-Up Waiting to Happen for this Stock

CarMax (KMX) reports lower-than-expected fiscal first-quarter results, wherein the top line falls 7.5% year over year.

CarMax (KMX) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

CarMax Inc (NYSE:KMX) picked up in early trades even though profits fell in its latest quarter as investors decided the numbers weren't as bad as feared. Net earnings for the three months to end May 2024 dropped to $152.44 million, or $0.97 per share compared to $228.30 million, or $1.44 per share, over the same period a year ago.

CarMax rallies on first quarter numbers

CarMax (KMX) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.16 per share a year ago.

CarMax (KMX) Lags Q1 Earnings and Revenue Estimates

Retail used unit sales fall 3.1% from the prior year.

CarMax Revenue Misses Estimates but Stock Rises on Earnings Beat

CarMax Inc.'s stock KMX, -0.20% was up 2% in premarket trading on Friday after the used-car seller's first-quarter profit was stronger-than-expected, while its sales missed estimates. CarMax's net income for the three months ended May 31 dropped by about a third to $152.4 million, or 97 cents a share, from $228.3 million, or $1.44 a share in the year-ago period, which included a legal-settlement payment of 28 cents a share.

CarMax's profit beat offsets revenue miss, as stock rises

CarMax reported an about 33% dip in its first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.

Used car retailer CarMax's first-quarter profit falls

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year's first quarter; wholesale units declined 8.3% from the prior year's first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail, wholesale, and Extended Protection Plans (EPP). Gross profit per r.

CarMax Reports First Quarter Fiscal Year 2025 Results

CarMax, Inc. KMX will release earnings results for its first quarter, before the opening bell on Friday.

CarMax Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

As CarMax (KMX) prepares to release its fiscal Q1 earnings report, we take a look at the factors that will influence the results and evaluate whether the stock is a good buy now.

Here's How CarMax (KMX) is Placed Ahead of Q1 Earnings

Beyond analysts' top -and-bottom-line estimates for CarMax (KMX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended May 2024.

CarMax (KMX) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

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.

Analysts Estimate CarMax (KMX) to Report a Decline in Earnings: What to Look Out for

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2024 before the market opens on June 21, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (800) 22.

News for CarMax Stock (KMX)