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

Report Cites Company's Ongoing Commitment to Sustainability and Making a Positive Societal Impact Report Cites Company's Ongoing Commitment to Sustainability and Making a Positive Societal Impact

CarMax Releases 2024 Responsibility Report

Richmond, VA, April 22, 2024 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has released its latest findings on consumer trends in used electric vehicle (EV) shopping. The data, gathered from CarMax.com search and sales data from September 2023 to February 2024, reveals insights into consumer interest, popular models, trade-ins, and regional preferences.

CarMax Unveils Latest Trends in Used EV Shopping

CarMax Inc. NYSE: KMX is a nationwide used car dealership focused on providing a haggle-free, streamlined and convenient vehicle buying and selling experience for customers. CarMax built its reputation on its no-haggle listed price policy.

CarMax: Is There a Silver Lining to the Earnings Car Wreck?

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Carmax announced lower-than-expected revenue and earnings in its latest quarter. High interest rates have put pressure on consumers, causing them to delay vehicle purchases.

Why CarMax Stock Dropped 11.7% This Week

CarMax is deploying tech solutions to boost efficiency as it continues to deal with a tough environment for buying and selling used cars.

CarMax Deploys Tech to Gain Efficiency in Challenging Used-Car Market

CarMax missed analyst estimates on the top and bottom lines. The company is delaying its goal of selling 2 million cars annually.

Why CarMax Stock Was Pumping the Brakes Today

CarMax, Inc. (NYSE:KMX ) Q4 2023 Earnings Conference Call April 11, 2024 9:00 AM ET Company Participants David Lowenstein - Vice President, Investor Relations Bill Nash - President and Chief Executive Officer Enrique Mayor-Mora - Executive Vice President and Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Seth Basham - Wedbush Securities Sharon Zackfia - William Blair Rajat Gupta - JP Morgan Brian Nagel - Oppenheimer Craig Kennison - Baird Michael Montani - Evercore ISI John Healy - Northcoast Research Scot Ciccarelli - Truist Securities Ian Davis - BNP Paribas Exane Chris Pierce - Needham John Murphy - Bank of America David Bellinger - Mizuho David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by, welcome to the Q4 Fiscal Year 2024 CarMax Earnings Release Conference Call. At this time, all participants are in a listen-only mode.

CarMax, Inc. (KMX) Q4 2023 Earnings Call Transcript

CarMax (KMX) shares plunged Thursday after the biggest U.S. used-car retailer posted weaker-than-expected quarterly results amid slowing demand.

CarMax Stock Sinks as 'Vehicle Affordability Challenges' Hurt Demand

CarMax, Inc. NYSE: KMX shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets.

Carmax Returns to the Bargain Basement: Buy the Dip?

Used cars are getting harder to obtain just as new cars get more affordable.

CarMax Gets Slammed by High Rates, Tight Used-Car Supply

CarMax (KMX) lags fiscal fourth-quarter earnings estimates on lower-than-expected sales across all segments.

CarMax (KMX) Q4 Earnings & Sales Miss Estimates, Declines Y/Y

The shares of CarMax Inc (NYSE:KMX) are plummeting today, after the used car retailer's disappointing fourth-quarter results.

CarMax Stock Crashes After 4th-Quarter Miss

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

CarMax (KMX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

CarMax Inc (NYSE:KMX) fell almost 9% in pre-market trading as the vehicle retailer missed fourth-quarter expectations and cautioned on the current trading environment. Revenue fell 1.7% to US$5.6 billion over the final quarter, CarMax reported, below Wall Street expectations of US$5.8 billion.

CarMax shares reverse on earnings miss

CarMax Inc down close to 10% after reporting its earnings for the fourth quarter may be an opportunity to buy, says a Wedbush Securities analyst. $KMX down as Q4 results miss Street estimates The used vehicle retailer came in shy of Street estimates for its fiscal Q4 on Thursday.

Should you buy CarMax stock on the post-earnings dip?

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“It's been very much a short-term market and everyone seems to be running to one side of the boat all at once, and then back over in the next week and the narrative has been shifting pretty dramatically.”

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CarMax Inc.'s stock KMX, -4.90% fell 6.7% in premarket trades on Thursday after the car retailer missed analyst estimates for fourth-quarter net income and revenue. CarMax said its seeing “uncertainty in the timing of market recovery” as well as “volatility” in vehicle sales.

CarMax stock drops after it misses analyst estimates for net income and revenue

CarMax pushes out its goal to sell more than two million units annually.

CarMax Stock Slumps on More Than Just an Earnings Miss

Pre-owned vehicle retailer CarMax posted a nearly 27% drop in fourth-quarter profit on Thursday, hurt by decreased profitability from units sold.

CarMax's fourth-quarter profit falls nearly 27%

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024. Fourth Quarter Highlights: Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year's fourth quarter; wholesale units declined 4.0% from the prior year's fourth quarter. Delivered solid margins in retail and wholesal.

CarMax Reports Fourth Quarter and Fiscal Year 2024 Results

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The Zacks Consensus Estimate for CarMax's (KMX) fourth-quarter fiscal 2024 earnings and revenues is pegged at 45 cents per share and $5.79 billion, respectively.

CarMax (KMX) to Report Q4 Earnings: Here's What to Expect

Besides Wall Street's top -and-bottom-line estimates for CarMax (KMX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended February 2024.

CarMax (KMX) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Carvana

Analysts expect continued industry disruption from online car retailers.

News for CarMax Stock (KMX)