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

NEW YORK, New York, Oct. 10, 2023 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, celebrates 30 years of revolutionizing the used car industry by ringing the Closing Bell® at the New York Stock Exchange today, October 10, 2023. To honor the occasion, Bill Nash, President and CEO and Laura Donahue, VP Corporate Social Responsibility and a founding CarMax associate, will ring The Closing Bell®.

CarMax Celebrates 30-Year Anniversary by Ringing the NYSE Closing Bell October 10

CarMax's (KMX) second-quarter comparable store used-vehicle units declined by 9%, while revenues fell by 12.5% from the prior-year level.

CarMax's (KMX) Q2 Earnings On Par With Estimates, Decline Y/Y

Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this temporary - hopefully temporary - blip in the chart is often enough to send potential buyers running for the door.

CarMax Slides On Earnings Disappointment, Time To Celebrate?

Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines” due to both interest rates and affordability issues in today's car market, CarMax President and CEO Bill Nash said Thursday (Sept.

CarMax Reports Shoppers ‘Staying on Sidelines' Amid High Interest Rates

CarMax, Inc. (NYSE:KMX ) Q2 2024 Earnings Conference Call September 28, 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 and Chief Financial Officer Jon Daniels - Senior Vice President, CarMax Auto Finance Operations Conference Call Participants Craig Kennison - Baird Brian Nagel - Oppenheimer Seth Basham - Wedbush Securities John Healy - Northcoast Research Scot Ciccarelli - Truist Sharon Zackfia - William Blair Michael Montani - Evercore ISI John Murphy - Bank of America Chris Bottiglieri - BNP Paribas Rajat Gupta - JP Morgan Daniel Imbro - Stephens David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by. Welcome to the Second Quarter Fiscal Year 2024 CarMax Earnings Release Conference Call.

CarMax, Inc. (KMX) Q2 2024 Earnings Call Transcript

CarMax (KMX) shares tumbled over 9% in early trading on Thursday after reporting a profit below forecasts as demand for used vehicles slowed and the company spent more to cover potential losses from bad loans.

CarMax Shares Sink as Used Car Demand Falls Amid Rising Loan Costs

CarMax reported lower Q2 earnings this morning, and much lower sales. Management is making the best of a bad situation.

Why CarMax Stock Crashed 9.8% Today

CarMax, Inc (NYSE:KMX) shares tumbled more than 11% after its second quarter fiscal 2024 results highlighted the continued impact of the challenging economic environment on the used car industry. Shares of the used car retailer were down 11.3% at US$71.68 mid-morning on Thursday.

CarMax shares in reverse as ‘vehicle affordability challenges' drag on 2Q earnings

CarMax (KMX) came out with quarterly earnings of $0.75 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.79 per share a year ago.

CarMax (KMX) Q2 Earnings Meet Estimates

The used-car seller says 'vehicle affordability' weighed on second-quarter sales.

CarMax Stock Slides as Quarterly Revenue Declines 13%

CarMax Inc.'s stock KMX, +1.84% slid 6.5% in premarket trade Thursday, after the used car retailer's second-quarter earnings fell from a year ago amid continued pressure in the sector.

CarMax's stock slides 6.5% after earnings reflect pressures on used car industry

CarMax on Thursday posted a lower quarterly profit amid tepid demand for preowned vehicles.

CarMax quarterly profit slips on slow used-vehicle demand

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2023. Highlights: Net revenues were $7.1 billion, down 13.1% compared with the prior year second quarter. Retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% from the prior year's second quarter; wholesale units declined 11.2% from the prior year's second quarter. Delivered strong margins in retail and wholesale; gross profit per retail used.

CarMax Reports Second Quarter Fiscal 2024 Results

Concerns about the economy aren't completely going away, but the 10-year Treasury yield has risen substantially in the past several months.

The 'Yield Curve' Is Improving. These Types of Stocks Should Benefit.

UAW strike leads to decreased new car inventory, potentially benefiting used car market. Manheim Index shows used car prices stabilizing. Cox Automotive data indicates a 4.5% rise in used car sales for the first eight months of 2023 compared to last year.

CarMax: We Bought Amidst The UAW Strike

CarMax earnings are expected to fall for a seventh straight quarter. The ongoing UAW strike could lift used-car prices.

CarMax Earnings Due As Auto Strike Threatens To Lift Used Car Prices

Accenture Plc

Micron Technology

After U.S. markets close on Tuesday and before they open again Wednesday morning,  Costco and Paychex will report quarterly earnings results.

Earnings Previews: Accenture, CarMax, Micron

CarMax Inc (NYSE:KMX) is enjoying a boost today, after an upgrade from Wedbush to "outperform" from "neutral," with a price-target hike to $90 from $85.

CarMax Stock Upgraded Before Earnings

CarMax (KMX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CarMax (KMX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

CarMax (KMX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will CarMax (KMX) Beat Estimates Again in Its Next Earnings Report?

Carvana

Shares of used car retailer Carvana Co. (NYSE:CVNA) soared on Thursday, gaining momentum ahead of a potential strike of auto workers against the Detroit Three carmakers General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F) and Stellantis NV (NYSE:STLA, EPA:STLA). Carvana stock closed up 13.5% at US$55.86, with investors pulling back slightly at Friday's open with the stock down 2% at US$54.79.

Carvana and other used car stocks accelerate ahead of auto workers strike

AutoNation

CarGurus

Ford Motor Company

General Motors

Stellantis N.V. 

Tesla

The UAW, or United Auto Workers, is a prominent labor union in the United States that primarily represents workers in the automotive and related industries. Founded in 1935, the UAW is one of the largest labor unions in the country and has nearly one million members.

Largest Auto Strike in History Looms: Potential Winners & Losers

Shares of used-car retailers Carvana Co. CVNA, +12.08% rallied more than 12%, and shares of CarMax Inc. KMX, +3.05% rose around 2%, in midday trading Thursday, with just hours to go for a contract's expiration for autoworkers at Ford Motor Co. F, -0.87%, General Motors Co. GM, -0.53%, and Stellantis NV STLA, -1.16%. Union and companies remain far apart ahead of the 11:59 p.m.

Carvana, CarMax stocks rise ahead of autoworkers' contract expiration

Teucrium Sugar Fund

First Trust NASDAQ Global Auto Index Fund

iShares U.S. Insurance ETF

US Global Jets ETF

Lowe's

Invesco Dynamic Building & Construction ETF

United States Oil Fund LP

Universal Insurance Hlds

Materials Select Sector SPDR Fund

Consumer Discretionary Select Sector SPDR Fund

SPDR S&P Transportation ETF

As Hurricane Idalia makes landfall along the Florida coast, let's discuss the key areas that call for attention right now for profits or losses.

Hurricane Idalia Puts These ETF Areas in Focus

Amazon

AvalonBay Communities

Constellation Energy Corp

Cincinnati Financial

First Solar

Intel

Newell Brands

Paramount Global

Qorvo

WestRock

When it comes to corporate earnings, good isn't good enough. What matters is making more than expected — some S&P 500 just pulled it off.

News for CarMax Stock (KMX)