Shares of CarMax Inc. NYSE: KMX jumped by over 15.3% in a single day following the company's latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars.
CarMax lacks competitive advantages and has underperformed the market, with stagnant stock prices, while the S&P 500 gained 30% over the same period. CarMax's Q2 results showed mixed performance, with retail used unit sales up but overall revenue down 4.3% due to a strong decline in wholesale vehicles. KMX's margins and ROIC are significantly lower than its peers, indicating a weaker competitiv...
As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation's largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on Thursday (Sept.
CarMax Inc (NYSE:KMX) shares moved higher after the used car retailer posted mixed earnings for the second quarter. Its earnings per share (EPS) of $0.85 fell shy of estimates of $0.86, but marked an improvement from $0.75 in the year-ago period.
CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales.
CarMax, Inc. (NYSE:KMX ) Q2 2025 Earnings Conference Call September 26, 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 -...
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