CarMax, Inc.(KMX)
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
Latest News & Analysis
CarMax's Leadership Reckoning: CEO Exit and Q3 Guidance Miss Spark Analyst Downgrade
CarMax CEO Bill Nash departs as Q3 comp sales guidance declines 8-12%, prompting Morgan Stanley to downgrade to Equal-weight and cut price target sharply.
CarMax's Expansion Strategy: Navigating the Evolving Used Car Market
CarMax (KMX) navigates evolving market with strategic expansions, hiring, and community engagement. Read on for a comprehensive analysis of their market position and strategy.
CarMax (KMX): Expansion, Community, and Navigating Market Challenges
CarMax (KMX) is expanding, engaging with communities, and tackling technician shortages amidst market shifts. Financials show growth, but trade war risks loom.
CarMax (KMX): Expansion, Hiring, and Market Strategy in Focus
CarMax (KMX) is strategically expanding, hiring technicians, and engaging in community partnerships amidst a dynamic used car market. Key developments and financial insights analyzed.
CarMax (KMX) Analysis: Expansion, Competition, and Economic Risks
Comprehensive analysis of CarMax (KMX): expansion plans, financial performance, competitive landscape, and macroeconomic risks. Explore the future outlook for the used car giant.
CarMax (KMX): Expansion, Partnerships, and Market Outlook
CarMax (KMX) is expanding, partnering with Angel City FC, and tackling technician shortages amidst trade war concerns. KMX stock shows positive momentum.
CarMax (KMX) Q4 Earnings Preview: Tariffs, Carvana, Trends
CarMax (KMX) set to release Q4 earnings on April 10, 2025. Analysis covers expectations, tariffs, competition with Carvana, and economic indicators.
CarMax (KMX) Strategic Shift to EVs Amidst Legal Scrutiny
CarMax navigates legal scrutiny and macroeconomic headwinds while aggressively expanding its used EV market presence with new tools and incentives.
CarMax (KMX) Q1 FY'26 Earnings: Strategic EV Push & Financial Outlook
CarMax faces a pivotal Q1 FY'26 earnings report, navigating revenue shifts, improved net income, and a strategic push into the used EV market.
CarMax's Q1 FY26: Strong Sales Mask Rising Credit Risk
CarMax's Q1 FY26 saw robust sales and gross profit growth, yet its auto finance division grapples with increasing loan loss provisions and delinquency rates from recent vintages.
CarMax, Inc. Q1 FY26 Analysis: Navigating Retail Strength Amid Auto Finance Credit Risks
CarMax's Q1 FY26 reveals robust retail growth countered by rising loan loss provisions in Auto Finance, highlighting credit risk management challenges.
CarMax, Inc. — Q1 FY26 Retail Strength and Finance Risk
CarMax Q1 FY26: record $2,407 gross profit per retail used unit and +9.00% unit growth offset by rising loan‑loss provisions and CAF funding shifts.
CarMax (KMX): Credit Drag at CAF Meets Brand Push — Financials Under Strain
CarMax shares rose +4.02% to $62.07 after FY2025 results showed **revenue of $26.35B** and **net income of $500.56M**, while CarMax Auto Finance provisions and leverage remain the fulcrum of investor concern.