Four directors snap up CarMax shares on the heels of the auto retailer's first-quarter earnings report.
RICHMOND, Va., June 30, 2026 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, has been recognized by Points of Light as a 2026 honoree of The Civic 50® , recognizing the top community-minded companies in the United States according to a comprehensive annual survey. The Civic 50 honorees are recognized for their excellence in employee volunteering, commun...
CarMax stock fell in midday trading Wednesday as questions remain about the company's ability to grow and cut costs. The used vehicle retailer's new CEO, Keith Barr, told CNBC that he has a new plan to turn the company around, which will take years to execute.
CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company's digital car shopping experience. The used car dealer reported quarterly earnings Wednesday (June 17) that showed net revenues of $8 billion, a 6.2% increase.
CarMax Inc (NYSE:KMX) shares fell more than 6% in early trade on Wednesday as investors looked past a better-than-expected first quarter earnings report and focused on margin pressure, credit risks and concerns about the company's profitability strategy. The used-vehicle retailer reported adjusted earnings per share of $1.31 for the quarter, well above analyst estimates of $0.95.
CarMax topped revenue estimates for the first quarter on Wednesday, helped by higher used-vehicle prices and stronger wholesale demand.
CarMax said its fiscal first-quarter profit was hurt by price cuts the company had implemented to help spur sales.