Latest news with #CarMaxAutoFinance
Yahoo
21-06-2025
- Automotive
- Yahoo
CarMax Inc (KMX) Q1 2026 Earnings Call Highlights: Record Retail Gross Profit and Strong Sales ...
Total Sales: $7.5 billion, up 6% year-over-year. Retail Unit Sales: Increased 9% with used unit comps up 8.1%. Average Retail Selling Price: $26,100, a decrease of approximately $400 per unit year-over-year. Wholesale Unit Sales: Up 1.2% year-over-year. Average Wholesale Selling Price: $8,000, a decline of approximately $150 per unit. Net Earnings Per Diluted Share: $1.38, up 42% year-over-year. Total Gross Profit: $894 million, up 13% year-over-year. Retail Gross Profit Per Used Unit: $2,407, up $60 year-over-year, a record high. Wholesale Gross Profit Per Unit: $1,047, historically strong but slightly down from last year. SG&A Expenses: $660 million, up 3% year-over-year. SG&A to Gross Profit: Leveraged by 680 basis points to 74%. CarMax Auto Finance Originations: Over $2.3 billion with a sales penetration of 41.8%. Net Interest Margin: 6.5%, up over 30 basis points year-over-year. Loan Loss Provision: $102 million, with a total reserve balance of $474 million. Share Repurchases: Approximately 3 million shares for $200 million. Warning! GuruFocus has detected 4 Warning Signs with KMX. Release Date: June 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CarMax Inc (NYSE:KMX) achieved a 42% growth in earnings per share, marking the fourth consecutive quarter of positive retail unit comps and double-digit EPS growth. The company reported total sales of $7.5 billion, a 6% increase from the previous year, driven by higher volume despite lower prices. Retail gross profit per used unit reached an all-time high, supported by strong demand and operational efficiencies in logistics and reconditioning. CarMax Inc (NYSE:KMX) successfully leveraged SG&A expenses, achieving a 680 basis point improvement as a percentage of gross profit. The company doubled its share repurchase pace, buying back approximately 3 million shares for $200 million, with $1.74 billion of repurchase authorization remaining. CarMax Auto Finance's sales penetration decreased by 150 basis points year-over-year, primarily due to an influx of self-funded higher credit purchasers. The average retail selling price decreased by approximately $400 per unit year-over-year, reflecting pricing pressures. Wholesale gross profit per unit, while historically strong, was slightly down from the previous year. The loan loss provision increased to $102 million, influenced by higher sales and lower credit quality, as well as uncertain economic outlooks. The company's digital sales, while significant, saw a slight decline in the percentage of total sales compared to the previous quarter. Q: How are you viewing the sustainability of the recent acceleration in your used car business, and how should we consider expenses coming back into the model? A: William Nash, President and CEO, explained that the business's recent performance is driven by both macro factors and internal improvements such as inventory management and pricing strategies. He expressed confidence in continued sales growth and market share gains. Enrique Mayor-Mora, CFO, added that SG&A leverage is a focus, with variable costs being managed effectively to support sales growth. Q: With comp growth fluctuating and comparisons becoming more difficult, how should we model comp growth for the rest of the year? A: William Nash stated that while two-year or three-year stacks can provide some insights, they are not entirely reliable due to various dynamics over the years. He reiterated confidence in growing sales and gaining market share, maintaining the outlook provided at the beginning of the year. Q: Can you provide more color on the shift in non-prime loans and the impact on provisions? A: Jon Daniels, EVP of CarMax Auto Finance, explained that the held-for-sale transaction allows CarMax to avoid holding loss reserves for certain non-prime receivables, mitigating risk and capturing gains upfront. This strategy supports growth in the non-prime segment while managing risk. Q: What is the strategy behind the new marketing campaign to highlight your omnichannel capabilities? A: William Nash highlighted the campaign's goal to educate consumers about CarMax's flexible buying options, emphasizing that customers don't have to settle for a single buying method. The campaign aims to increase awareness of CarMax's best-in-class omnichannel experience. Q: How is AI influencing your marketing strategy, particularly in terms of search engine optimization? A: William Nash noted the shift from traditional SEO to generative engine optimization (GEO), emphasizing the importance of adapting to new technologies to maintain visibility and effectiveness in marketing efforts. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
20-06-2025
- Automotive
- Yahoo
CarMax shares surge on strong Q1 earnings beat
-- CarMax Inc. shares jumped 7.2% in premarket trading on Friday after the used car retailer reported first-quarter earnings that easily topped Wall Street expectations, driven by higher sales volumes and strong profit margins. The company reported earnings per share of $1.38 for the quarter ended May 31, beating analyst estimates of $1.19. Revenue rose 6.1% YoY to $7.55 billion, slightly above the $7.54 billion consensus forecast. Retail used vehicle unit sales increased 9% YoY to 230,210, with comparable store sales up 8.1%. Total gross profit climbed 12.8% to $893.6 million, helped by record high gross profit per retail used unit of $2,407. "We delivered our fourth consecutive quarter of positive retail comps and double-digit year-over-year earnings per share growth," said Bill Nash, CarMax (NYSE:KMX)'s president and CEO. "These results highlight the strength of our earnings growth model, which is underpinned by our best-in-class omni-channel experience, the diversity of our business, and our sharp focus on execution." The company's strong performance came despite ongoing economic uncertainty. CarMax Auto Finance (CAF) income decreased 3.6% to $141.7 million as higher provisions for loan losses offset growth in CAF's net interest margin. CarMax accelerated its share repurchase program, buying back $199.8 million worth of stock during the quarter. The company had $1.74 billion remaining on its repurchase authorization as of May 31. Related articles CarMax shares surge on strong Q1 earnings beat The Middle East crises could end up offering a good buying opportunity: Barclays EXCLUSIVE: Dot Ai completes merger with SPAC ShoulderUp
Yahoo
29-05-2025
- Automotive
- Yahoo
CarMax Announces First Quarter Conference Call and Annual Meeting Information
RICHMOND, Va., May 29, 2025--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2025 before the market opens on June 20, 2025, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, executive vice president, CarMax Auto Finance. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at A replay of the webcast will be available on the company's website at through September 24, 2025 or via telephone (for approximately one week) by dialing (800) 839-1247 (or (402) 220-0470 for international access). June 24, 2025 – CarMax Annual Meeting of Shareholders The CarMax 2025 annual meeting of shareholders will be held on Tuesday, June 24, 2025 beginning at 1:00 p.m. ET. The meeting will be held virtually and there will be no in-person meeting location. A live webcast of the meeting will be available at and a webcast replay will be available following the event. About CarMax CarMax, the nation's largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year ended February 29, 2025, CarMax sold approximately 790,000 used vehicles and 540,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2025, adding to its nearly $18 billion portfolio. CarMax has 250 store locations, over 30,000 associates, and is proud to have been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to helping its communities thrive and reducing the environmental footprint of its operations. Learn more in the 2025 Responsibility Report. For more information, visit View source version on Contacts Investors:David Lowensteininvestor_relations@ (804) 747-0422 ext. 7865 Media:pr@ (855) 887-2915 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
29-05-2025
- Automotive
- Business Wire
CarMax Announces First Quarter Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2025 before the market opens on June 20, 2025, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, executive vice president, CarMax Auto Finance. The live conference call can be accessed by dialing (800) 225-9448 (or (203) 518-9708 for international access) and entering the conference ID 3171396. A live audio webcast also will be available at A replay of the webcast will be available on the company's website at through September 24, 2025 or via telephone (for approximately one week) by dialing (800) 839-1247 (or (402) 220-0470 for international access). June 24, 2025 – CarMax Annual Meeting of Shareholders The CarMax 2025 annual meeting of shareholders will be held on Tuesday, June 24, 2025 beginning at 1:00 p.m. ET. The meeting will be held virtually and there will be no in-person meeting location. A live webcast of the meeting will be available at and a webcast replay will be available following the event. About CarMax CarMax, the nation's largest retailer of used autos, revolutionized the automotive retail industry by driving integrity, honesty and transparency in every interaction. The company offers a truly personalized experience with the option for customers to do as much, or as little, online and in-store as they want. During the fiscal year ended February 29, 2025, CarMax sold approximately 790,000 used vehicles and 540,000 wholesale vehicles at its auctions. In addition, CarMax Auto Finance originated more than $8 billion in receivables during fiscal 2025, adding to its nearly $18 billion portfolio. CarMax has 250 store locations, over 30,000 associates, and is proud to have been recognized for 21 consecutive years as one of the Fortune 100 Best Companies to Work For®. CarMax is committed to helping its communities thrive and reducing the environmental footprint of its operations. Learn more in the 2025 Responsibility Report. For more information, visit
Yahoo
09-05-2025
- Automotive
- Yahoo
This CarMax Insider Increased Their Holding In The Last Year
From what we can see, insiders were net buyers in CarMax, Inc.'s (NYSE:KMX ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it. While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The Executive VP of CarMax Auto Finance, Jon Daniels, made the biggest insider sale in the last 12 months. That single transaction was for US$89k worth of shares at a price of US$72.46 each. So what is clear is that an insider saw fit to sell at around the current price of US$66.55. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive). The only individual insider seller over the last year was Jon Daniels. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below! Check out our latest analysis for CarMax If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations. Over the last three months, we've seen significant insider buying at CarMax. Lead Independent Director Mitchell Steenrod spent US$85k on stock, and there wasn't any selling. This is a positive in our book as it implies some confidence. Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. CarMax insiders own about US$46m worth of shares. That equates to 0.5% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. It is good to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but CarMax insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. Overall they seem reasonably aligned. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. While conducting our analysis, we found that CarMax has 1 warning sign and it would be unwise to ignore this. But note: CarMax may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
