CarMax Key Executives
This section highlights CarMax's key executives, including their titles and compensation details.
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CarMax Earnings
This section highlights CarMax's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2025 | 2024-12-19 | $0.59 | $0.81 |
| Read Transcript | Q2 | 2025 | 2024-09-26 | $0.86 | $0.85 |
| Read Transcript | Q1 | 2025 | 2024-06-21 | $0.96 | $0.97 |
| Read Transcript | Q4 | 2024 | 2024-04-11 | $0.46 | $0.32 |
| Read Transcript | Q3 | 2024 | 2023-12-21 | $0.43 | $0.52 |
| Read Transcript | Q2 | 2024 | 2023-09-28 | $0.78 | $0.75 |
| Read Transcript | Q1 | 2024 | 2023-06-23 | $0.79 | $1.16 |
| Read Transcript | Q4 | 2023 | 2023-04-11 | $0.24 | $0.44 |
| Read Transcript | Q3 | 2023 | 2022-12-22 | $0.70 | $0.24 |
| Read Transcript | Q2 | 2023 | 2022-09-29 | $1.39 | $0.79 |
| Read Transcript | Q1 | 2023 | 2022-06-24 | $1.49 | $1.56 |
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.
$74.26
Stock Price
$11.42B
Market Cap
29.84K
Employees
Richmond, VA
Location
Financial Statements
Access annual & quarterly financial statements for CarMax, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 |
|---|---|---|---|---|---|
| Revenue | $26.54B | $29.68B | $31.90B | $18.95B | $20.32B |
| Cost of Revenue | $23.82B | $26.88B | $28.61B | $16.57B | $17.60B |
| Gross Profit | $2.71B | $2.80B | $3.29B | $2.38B | $2.72B |
| Gross Profit Ratio | 10.22% | 9.40% | 10.31% | 12.60% | 13.40% |
| Research and Development Expenses | $- | $13.22M | $5.67M | $- | $- |
| General and Administrative Expenses | $2.02B | $2.20B | $2.00B | $1.73B | $1.75B |
| Selling and Marketing Expenses | $264.40M | $288.50M | $325.90M | $217.50M | $191.30M |
| Selling General and Administrative Expenses | $2.29B | $2.49B | $2.33B | $1.90B | $1.94B |
| Other Expenses | $- | $545.45M | $353.66M | $8.28M | $5.69M |
| Operating Expenses | $2.29B | $3.03B | $2.68B | $1.90B | $1.94B |
| Cost and Expenses | $26.11B | $29.92B | $31.29B | $18.47B | $19.54B |
| Interest Income | $1.68B | $1.44B | $1.30B | $562.81M | $456.03M |
| Interest Expense | $840.35M | $430.70M | $322.89M | $86.18M | $83.01M |
| Depreciation and Amortization | $276.80M | $265.22M | $273.19M | $242.16M | $215.81M |
| EBITDA | $1.04B | $1.02B | $1.83B | $1.29B | $1.45B |
| EBITDA Ratio | 3.93% | 4.49% | 6.55% | 6.83% | 7.18% |
| Operating Income | $942.20M | $1.07B | $1.82B | $1.05B | $1.24B |
| Operating Income Ratio | 3.55% | 3.60% | 5.69% | 5.55% | 6.12% |
| Total Other Income Expenses Net | $-300.61M | $-326.22M | $-271.48M | $-272.26M | $-267.22M |
| Income Before Tax | $641.60M | $636.80M | $1.49B | $965.26M | $1.16B |
| Income Before Tax Ratio | 2.42% | 2.15% | 4.68% | 5.09% | 5.71% |
| Income Tax Expense | $162.39M | $152.04M | $341.05M | $218.34M | $272.55M |
| Net Income | $479.20M | $484.76M | $1.15B | $746.92M | $888.43M |
| Net Income Ratio | 1.81% | 1.63% | 3.61% | 3.94% | 4.37% |
| EPS | $3.03 | $3.05 | $7.09 | $4.58 | $5.39 |
| EPS Diluted | $3.02 | $3.03 | $6.97 | $4.52 | $5.33 |
| Weighted Average Shares Outstanding | 158.22M | 158.80M | 162.41M | 163.18M | 164.84M |
| Weighted Average Shares Outstanding Diluted | 158.71M | 159.77M | 165.18M | 165.13M | 166.82M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | November 30, 2024 | August 31, 2024 | May 31, 2024 | February 29, 2024 | November 30, 2023 | August 31, 2023 | May 31, 2023 | February 28, 2023 | November 30, 2022 | August 31, 2022 | May 31, 2022 | February 28, 2022 | November 30, 2021 | August 31, 2021 | May 31, 2021 | February 28, 2021 | November 30, 2020 | August 31, 2020 | May 31, 2020 | February 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.22B | $7.01B | $7.11B | $5.63B | $6.15B | $7.07B | $7.69B | $5.72B | $6.51B | $8.14B | $9.31B | $7.69B | $8.53B | $7.99B | $7.70B | $5.16B | $5.18B | $5.37B | $3.23B | $4.96B |
| Cost of Revenue | $5.55B | $6.25B | $6.39B | $5.11B | $5.54B | $6.38B | $6.87B | $5.11B | $5.93B | $7.41B | $8.44B | $6.98B | $7.69B | $7.17B | $6.77B | $4.52B | $4.55B | $4.62B | $2.87B | $4.29B |
| Gross Profit | $677.65M | $760.47M | $725.83M | $520.82M | $612.86M | $696.76M | $817.39M | $610.98M | $576.69M | $737.14M | $875.39M | $710.99M | $836.56M | $815.48M | $924.51M | $641.37M | $631.43M | $752.14M | $354.18M | $672.86M |
| Gross Profit Ratio | 10.89% | 10.80% | 10.20% | 9.30% | 10.00% | 9.80% | 10.60% | 10.70% | 8.90% | 9.10% | 9.40% | 9.20% | 9.80% | 10.20% | 12.00% | 12.40% | 12.20% | 14.00% | 11.00% | 13.56% |
| Research and Development Expenses | $- | $- | $- | $52.90M | $- | $- | $- | $13.22M | $- | $- | $- | $5.67M | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $541.00M | $547.56M | $585.50M | $534.90M | $496.70M | $519.40M | $487.90M | $514.80M | $549.10M | $599.00M | $582.50M | $528.60M | $499.80M | $489.30M | $481.60M | $494.20M | $420.00M | $439.70M | $339.22M | $402.80M |
| Selling and Marketing Expenses | $53.80M | $63.00M | $71.70M | $62.90M | $63.30M | $66.30M | $71.90M | $58.00M | $58.70M | $82.90M | $88.90M | $92.30M | $76.10M | $85.00M | $72.50M | $73.70M | $58.80M | $50.50M | $34.50M | $50.70M |
| Selling General and Administrative Expenses | $594.80M | $610.56M | $638.58M | $580.88M | $560.00M | $585.70M | $559.80M | $572.80M | $607.80M | $681.90M | $671.40M | $620.90M | $575.90M | $574.30M | $554.10M | $556.05M | $478.80M | $490.20M | $373.72M | $484.73M |
| Other Expenses | $82.85M | $- | $-77.00M | $-67.40M | $886.00K | $2.63M | $139.32M | $155.73M | $147.08M | $136.99M | $117.25M | $109.25M | $8.09M | $1.78M | $25.58M | $9.00M | $887.00K | $1.68M | $-3.29M | $-1.10M |
| Operating Expenses | $677.65M | $610.56M | $715.58M | $648.28M | $688.92M | $734.32M | $699.12M | $728.53M | $754.88M | $818.89M | $788.65M | $730.15M | $706.53M | $662.59M | $603.99M | $556.05M | $487.00M | $516.20M | $373.72M | $484.73M |
| Cost and Expenses | $6.22B | $6.86B | $7.10B | $5.75B | $6.22B | $7.11B | $7.57B | $5.84B | $6.68B | $8.23B | $9.22B | $7.71B | $8.40B | $7.84B | $7.38B | $5.08B | $5.04B | $5.14B | $3.25B | $4.77B |
| Interest Income | $449.00M | $464.50M | $452.50M | $433.10M | $426.90M | $416.99M | $400.50M | $372.20M | $365.40M | $357.20M | $346.70M | $332.40M | $330.00M | $324.10M | $241.73M | $188.22M | $288.50M | $280.10M | $50.95M | $111.91M |
| Interest Expense | $218.62M | $240.02M | $213.66M | $205.33M | $201.47M | $183.59M | $173.07M | $138.93M | $137.65M | $95.25M | $77.58M | $75.65M | $77.90M | $83.01M | $20.53M | $20.29M | $96.56M | $103.77M | $23.96M | $22.31M |
| Depreciation and Amortization | $75.37M | $72.72M | $69.24M | $83.27M | $66.56M | $63.97M | $63.00M | $62.57M | $64.75M | $67.43M | $70.47M | $72.37M | $71.52M | $66.94M | $62.36M | $61.66M | $61.53M | $60.63M | $58.34M | $57.59M |
| EBITDA | $460.46M | $274.30M | $307.66M | $180.22M | $207.49M | $251.21M | $340.19M | $173.93M | $233.69M | $263.71M | $437.95M | $300.46M | $421.09M | $463.39M | $624.64M | $335.20M | $390.61M | $469.76M | $49.46M | $357.62M |
| EBITDA Ratio | 7.40% | 3.91% | 1.12% | -0.79% | 6.16% | 5.74% | 7.07% | 4.97% | 3.59% | 4.05% | 5.20% | 4.54% | 5.93% | 6.48% | 8.45% | 6.67% | 9.04% | 10.29% | 2.68% | 7.18% |
| Operating Income | $753.76M | $149.91M | $10.25M | $-127.46M | $52.90M | $111.07M | $480.31M | $221.56M | $-178.19M | $262.82M | $414.18M | $276.89M | $433.86M | $450.82M | $587.86M | $596.64M | $329.96M | $267.97M | $28.12M | $298.94M |
| Operating Income Ratio | 12.11% | 2.14% | 0.14% | -2.27% | 0.86% | 1.57% | 6.25% | 3.87% | -2.74% | 3.23% | 4.45% | 3.60% | 5.09% | 5.64% | 7.64% | 11.55% | 6.36% | 4.99% | 0.87% | 6.02% |
| Total Other Income Expenses Net | $-587.29M | $27.94M | $-93.65M | $-34.16M | $-91.00M | $-87.77M | $-173.07M | $-66.14M | $228.18M | $-86.40M | $-77.58M | $-76.91M | $-48.04M | $-81.42M | $-44.85M | $-334.39M | $-66.59M | $-69.07M | $-23.96M | $-23.34M |
| Income Before Tax | $166.47M | $177.84M | $206.64M | $65.51M | $110.56M | $158.29M | $307.24M | $82.63M | $49.99M | $167.57M | $336.60M | $201.25M | $355.96M | $367.81M | $567.32M | $262.25M | $310.50M | $388.34M | $4.16M | $276.63M |
| Income Before Tax Ratio | 2.67% | 2.54% | 2.90% | 1.16% | 1.80% | 2.24% | 4.00% | 1.44% | 0.77% | 2.06% | 3.61% | 2.62% | 4.17% | 4.60% | 7.37% | 5.08% | 5.99% | 7.23% | 0.13% | 5.57% |
| Income Tax Expense | $41.03M | $45.03M | $54.20M | $15.24M | $28.55M | $39.65M | $78.94M | $13.62M | $12.41M | $41.67M | $84.34M | $41.41M | $86.52M | $82.55M | $130.57M | $52.30M | $75.20M | $91.64M | $-814.00K | $61.70M |
| Net Income | $125.44M | $132.81M | $152.44M | $50.27M | $82.00M | $118.64M | $228.30M | $69.01M | $37.58M | $125.91M | $252.26M | $159.84M | $269.44M | $285.27M | $436.76M | $209.94M | $235.30M | $296.70M | $4.98M | $214.93M |
| Net Income Ratio | 2.02% | 1.89% | 2.14% | 0.89% | 1.33% | 1.68% | 2.97% | 1.21% | 0.58% | 1.55% | 2.71% | 2.08% | 3.16% | 3.57% | 5.67% | 4.07% | 4.54% | 5.52% | 0.15% | 4.33% |
| EPS | $0.80 | $0.85 | $0.97 | $0.32 | $0.52 | $0.75 | $1.44 | $0.44 | $0.24 | $0.79 | $1.57 | $0.98 | $1.66 | $1.75 | $2.68 | $1.29 | $1.44 | $1.82 | $0.03 | $1.32 |
| EPS Diluted | $0.81 | $0.85 | $0.97 | $0.32 | $0.52 | $0.75 | $1.44 | $0.44 | $0.24 | $0.79 | $1.56 | $0.98 | $1.63 | $1.72 | $2.63 | $1.27 | $1.42 | $1.79 | $0.03 | $1.30 |
| Weighted Average Shares Outstanding | 155.87M | 155.87M | 157.16M | 157.82M | 158.45M | 158.48M | 158.12M | 158.03M | 158.00M | 158.80M | 160.30M | 161.51M | 162.01M | 162.97M | 163.15M | 162.89M | 163.73M | 163.43M | 162.67M | 163.37M |
| Weighted Average Shares Outstanding Diluted | 155.26M | 156.53M | 157.71M | 158.23M | 158.80M | 159.24M | 158.56M | 158.47M | 158.54M | 160.22M | 161.80M | 163.87M | 164.87M | 165.64M | 166.29M | 165.60M | 165.77M | 165.62M | 163.54M | 165.81M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $574.14M | $314.76M | $102.72M | $132.32M | $58.21M |
| Short Term Investments | $17.13B | $- | $- | $- | $- |
| Cash and Short Term Investments | $574.14M | $314.76M | $102.72M | $132.32M | $58.21M |
| Net Receivables | $221.15M | $298.78M | $560.98M | $239.07M | $191.09M |
| Inventory | $3.68B | $3.73B | $5.12B | $3.16B | $2.85B |
| Other Current Assets | $753.23M | $701.68M | $761.02M | $588.25M | $567.97M |
| Total Current Assets | $5.23B | $5.04B | $6.55B | $4.12B | $3.66B |
| Property Plant Equipment Net | $4.19B | $3.98B | $3.75B | $3.49B | $3.52B |
| Goodwill | $141.26M | $141.26M | $141.26M | $653.00K | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $141.26M | $141.26M | $141.26M | $653.00K | $-13.78B |
| Long Term Investments | $137.30M | $16.59B | $15.50B | $13.74B | $13.78B |
| Tax Assets | $- | $80.74M | $120.93M | $164.26M | $89.84M |
| Other Non-Current Assets | $17.51B | $354.09M | $276.36M | $32.70M | $13.81B |
| Total Non-Current Assets | $21.97B | $21.14B | $19.79B | $17.42B | $17.42B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $27.20B | $26.18B | $26.34B | $21.54B | $21.08B |
| Account Payables | $933.71M | $826.59M | $937.72M | $799.33M | $737.14M |
| Short Term Debt | $854.61M | $632.75M | $576.47M | $30.95M | $464.44M |
| Tax Payables | $- | $- | $- | $218.00K | $1.39M |
| Deferred Revenue | $- | $80.74M | $- | $- | $- |
| Other Current Liabilities | $523.97M | $478.96M | $533.27M | $868.04M | $331.74M |
| Total Current Liabilities | $2.31B | $1.94B | $2.05B | $1.70B | $1.53B |
| Long Term Debt | $18.46B | $18.30B | $18.70B | $15.16B | $15.46B |
| Deferred Revenue Non-Current | $- | $-366.89M | $-333.75M | $-217.94M | $-220.04M |
| Deferred Tax Liabilities Non-Current | $- | $366.89M | $333.75M | $217.94M | $220.04M |
| Other Non-Current Liabilities | $354.90M | $332.38M | $357.08M | $314.75M | $314.55M |
| Total Non-Current Liabilities | $18.81B | $18.63B | $19.06B | $15.48B | $15.78B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $21.12B | $20.57B | $21.10B | $17.18B | $17.31B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $78.81M | $79.04M | $80.53M | $81.59M | $81.54M |
| Retained Earnings | $4.13B | $3.72B | $3.52B | $2.89B | $2.49B |
| Accumulated Other Comprehensive Income Loss | $59.28M | $97.87M | $-46.42M | $-118.69M | $-150.07M |
| Other Total Stockholders Equity | $1.81B | $1.71B | $1.68B | $1.51B | $1.35B |
| Total Stockholders Equity | $6.07B | $5.61B | $5.24B | $4.36B | $3.77B |
| Total Equity | $6.07B | $5.61B | $5.24B | $4.36B | $3.77B |
| Total Liabilities and Stockholders Equity | $27.20B | $26.18B | $26.34B | $21.54B | $21.08B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $27.20B | $26.18B | $26.34B | $21.54B | $21.08B |
| Total Investments | $17.27B | $16.59B | $15.50B | $13.74B | $13.78B |
| Total Debt | $19.53B | $18.93B | $19.27B | $15.53B | $15.85B |
| Net Debt | $18.74B | $18.62B | $19.17B | $15.39B | $15.79B |
Balance Sheet Charts
| Breakdown | November 30, 2024 | August 31, 2024 | May 31, 2024 | February 29, 2024 | November 30, 2023 | August 31, 2023 | May 31, 2023 | February 28, 2023 | November 30, 2022 | August 31, 2022 | May 31, 2022 | February 28, 2022 | November 30, 2021 | August 31, 2021 | May 31, 2021 | February 28, 2021 | November 30, 2020 | August 31, 2020 | May 31, 2020 | February 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $271.91M | $524.67M | $755.34M | $1.08B | $605.38M | $521.10M | $264.25M | $314.76M | $688.62M | $56.77M | $95.31M | $102.72M | $62.60M | $58.09M | $377.95M | $132.32M | $236.64M | $711.56M | $658.02M | $58.21M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $271.91M | $524.67M | $755.34M | $1.08B | $605.38M | $521.10M | $264.25M | $314.76M | $688.62M | $56.77M | $95.31M | $102.72M | $62.60M | $58.09M | $377.95M | $132.32M | $236.64M | $711.56M | $658.02M | $58.21M |
| Net Receivables | $213.59M | $228.11M | $212.37M | $221.15M | $212.41M | $271.87M | $321.99M | $298.78M | $246.79M | $402.45M | $610.59M | $560.98M | $563.13M | $517.26M | $413.22M | $239.07M | $168.98M | $203.16M | $145.02M | $191.09M |
| Inventory | $3.67B | $3.40B | $3.77B | $3.68B | $3.64B | $3.84B | $4.08B | $3.73B | $3.41B | $4.67B | $4.69B | $5.12B | $4.66B | $4.11B | $3.25B | $3.16B | $2.78B | $2.82B | $1.90B | $2.85B |
| Other Current Assets | $667.97M | $708.53M | $229.71M | $246.58M | $653.22M | $754.11M | $696.21M | $701.68M | $633.67M | $741.55M | $720.98M | $761.02M | $669.88M | $690.48M | $650.58M | $588.25M | $551.27M | $588.18M | $581.26M | $567.97M |
| Total Current Assets | $4.82B | $4.86B | $4.97B | $5.23B | $5.11B | $5.39B | $5.36B | $5.04B | $4.98B | $5.87B | $6.12B | $6.55B | $5.96B | $5.37B | $4.69B | $4.12B | $3.74B | $4.33B | $3.28B | $3.66B |
| Property Plant Equipment Net | $4.30B | $4.26B | $4.24B | $4.19B | $4.16B | $4.08B | $4.04B | $3.98B | $3.90B | $3.84B | $3.79B | $3.75B | $3.72B | $3.68B | $3.53B | $3.49B | $3.48B | $3.49B | $3.51B | $3.52B |
| Goodwill | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $150.34M | $- | $653.00K | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $141.26M | $150.34M | $-14.30B | $653.00K | $- | $- | $- | $-156.70M |
| Long Term Investments | $- | $- | $17.43B | $17.27B | $17.08B | $17.00B | $16.74B | $16.59B | $- | $16.12B | $15.83B | $15.50B | $15.17B | $14.66B | $14.30B | $152.90M | $- | $- | $- | $156.70M |
| Tax Assets | $133.26M | $126.88M | $100.10M | $426.69M | $121.22M | $111.92M | $99.77M | $80.74M | $87.26M | $93.06M | $91.31M | $120.93M | $134.38M | $117.29M | $138.49M | $164.26M | $159.21M | $133.75M | $119.07M | $89.84M |
| Other Non-Current Assets | $17.90B | $17.91B | $359.20M | $276.56M | $561.85M | $581.46M | $571.50M | $354.09M | $16.82B | $396.03M | $369.67M | $276.36M | $458.12M | $475.60M | $14.47B | $13.62B | $13.55B | $13.30B | $13.06B | $13.81B |
| Total Non-Current Assets | $22.48B | $22.44B | $22.27B | $22.30B | $22.06B | $21.91B | $21.60B | $21.14B | $20.95B | $20.60B | $20.22B | $19.79B | $19.62B | $19.08B | $18.14B | $17.42B | $17.20B | $16.92B | $16.69B | $17.42B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $27.30B | $27.30B | $27.24B | $27.52B | $27.17B | $27.30B | $26.96B | $26.18B | $25.94B | $26.47B | $26.34B | $26.34B | $25.58B | $24.45B | $22.83B | $21.54B | $20.93B | $21.25B | $19.97B | $21.08B |
| Account Payables | $985.89M | $1.01B | $911.35M | $933.71M | $762.59M | $932.07M | $967.42M | $826.59M | $802.78M | $928.75M | $1.07B | $937.72M | $936.56M | $903.85M | $1.06B | $799.33M | $570.17M | $683.72M | $390.16M | $737.14M |
| Short Term Debt | $585.04M | $629.77M | $57.53M | $799.29M | $815.70M | $875.08M | $55.13M | $632.75M | $638.07M | $721.08M | $676.85M | $576.47M | $589.19M | $566.92M | $30.84M | $483.53M | $476.86M | $506.31M | $470.77M | $464.44M |
| Tax Payables | $69.82M | $34.06M | $24.79M | $- | $10.58M | $103.00K | $49.19M | $- | $- | $- | $18.36M | $- | $518.00K | $422.00K | $96.62M | $218.00K | $18.32M | $64.73M | $- | $1.39M |
| Deferred Revenue | $- | $23.61M | $24.79M | $- | $10.58M | $103.00K | $- | $80.74M | $- | $93.06M | $91.31M | $120.93M | $- | $422.00K | $96.62M | $164.26M | $18.32M | $70.73M | $- | $89.84M |
| Other Current Liabilities | $456.54M | $483.92M | $992.22M | $579.29M | $494.37M | $513.14M | $1.04B | $478.96M | $496.20M | $482.36M | $489.62M | $533.27M | $530.59M | $487.77M | $907.92M | $415.46M | $372.43M | $344.19M | $290.08M | $331.74M |
| Total Current Liabilities | $2.10B | $2.16B | $1.99B | $2.31B | $2.08B | $2.32B | $2.11B | $1.94B | $1.94B | $2.13B | $2.25B | $2.05B | $2.06B | $1.96B | $2.09B | $1.70B | $1.44B | $1.60B | $1.15B | $1.53B |
| Long Term Debt | $17.04B | $18.58B | $18.93B | $18.46B | $18.67B | $18.60B | $18.85B | $18.46B | $18.15B | $18.56B | $18.47B | $18.84B | $17.99B | $17.17B | $15.74B | $15.16B | $14.91B | $15.86B | $14.93B | $15.46B |
| Deferred Revenue Non-Current | $- | $- | $- | $694.97M | $- | $- | $- | $-366.89M | $- | $- | $- | $-333.75M | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $327.90M | $- | $- | $- | $366.89M | $- | $- | $- | $333.75M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $1.95B | $382.04M | $159.79M | $682.80M | $372.81M | $372.85M | $170.90M | $167.25M | $364.53M | $365.37M | $219.52M | $211.90M | $419.89M | $410.77M | $300.09M | $314.75M | $454.52M | $-193.44M | $308.74M | $314.55M |
| Total Non-Current Liabilities | $18.99B | $18.96B | $19.09B | $19.14B | $19.05B | $18.97B | $19.03B | $18.63B | $18.51B | $18.92B | $18.69B | $19.06B | $18.41B | $17.58B | $16.04B | $15.48B | $15.37B | $15.66B | $15.24B | $15.78B |
| Other Liabilities | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $21.09B | $21.12B | $21.08B | $21.45B | $21.13B | $21.29B | $21.14B | $20.57B | $20.45B | $21.06B | $20.94B | $21.10B | $20.47B | $19.54B | $18.13B | $17.18B | $16.80B | $17.26B | $16.39B | $17.31B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $749.51M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $76.95M | $77.67M | $78.18M | $78.81M | $79.01M | $79.33M | $79.11M | $79.04M | $79.01M | $79.02M | $79.81M | $80.53M | $80.94M | $81.23M | $81.40M | $81.59M | $81.52M | $82.08M | $81.38M | $81.54M |
| Retained Earnings | $4.27B | $4.24B | $4.19B | $4.13B | $4.12B | $4.07B | $3.95B | $3.72B | $3.65B | $3.62B | $3.64B | $3.52B | $3.46B | $3.29B | $3.21B | $2.89B | $2.74B | $2.60B | $2.30B | $2.49B |
| Accumulated Other Comprehensive Income Loss | $14.83M | $9.06M | $61.68M | $59.28M | $60.67M | $78.60M | $61.33M | $97.87M | $57.42M | $32.00M | $5.89M | $-46.42M | $-100.30M | $-112.34M | $-115.75M | $-118.69M | $-152.92M | $-160.43M | $-165.41M | $-150.07M |
| Other Total Stockholders Equity | $1.85B | $1.86B | $1.83B | $1.81B | $1.79B | $1.78B | $1.73B | $1.71B | $1.70B | $1.68B | $1.68B | $1.68B | $1.67B | $1.65B | $1.53B | $1.51B | $1.46B | $1.46B | $1.36B | $1.35B |
| Total Stockholders Equity | $6.21B | $6.18B | $6.17B | $6.07B | $6.04B | $6.01B | $5.82B | $5.61B | $5.49B | $5.41B | $5.40B | $5.24B | $5.11B | $4.92B | $4.70B | $4.36B | $4.13B | $3.98B | $3.58B | $3.77B |
| Total Equity | $6.21B | $6.18B | $6.17B | $6.07B | $6.04B | $6.01B | $5.82B | $5.61B | $5.49B | $5.41B | $5.40B | $5.24B | $5.11B | $4.92B | $4.70B | $4.36B | $4.13B | $3.98B | $3.58B | $3.77B |
| Total Liabilities and Stockholders Equity | $27.30B | $27.30B | $27.24B | $27.52B | $27.17B | $27.30B | $26.96B | $26.18B | $25.94B | $26.47B | $26.34B | $26.34B | $25.58B | $24.45B | $22.83B | $21.54B | $20.93B | $21.25B | $19.97B | $21.08B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $27.30B | $27.30B | $27.24B | $27.52B | $27.17B | $27.30B | $26.96B | $26.18B | $25.94B | $26.47B | $26.34B | $26.34B | $25.58B | $24.45B | $22.83B | $21.54B | $20.93B | $21.25B | $19.97B | $21.08B |
| Total Investments | $- | $17.41B | $17.43B | $17.27B | $17.08B | $17.00B | $16.74B | $16.59B | $- | $16.12B | $15.83B | $15.50B | $15.17B | $14.66B | $14.30B | $152.90M | $- | $- | $- | $156.70M |
| Total Debt | $17.63B | $19.21B | $19.54B | $19.53B | $19.49B | $19.48B | $19.25B | $18.93B | $18.79B | $19.28B | $18.98B | $19.27B | $18.58B | $17.74B | $16.15B | $15.53B | $15.39B | $15.73B | $15.32B | $15.85B |
| Net Debt | $17.35B | $18.68B | $18.79B | $18.45B | $18.88B | $18.96B | $18.98B | $18.62B | $18.10B | $19.22B | $18.89B | $19.17B | $18.52B | $17.68B | $15.77B | $15.39B | $15.15B | $15.02B | $14.66B | $15.79B |
Annual Cash Flow
| Breakdown | February 29, 2024 | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 |
|---|---|---|---|---|---|
| Net Income | $479.20M | $484.76M | $1.15B | $746.92M | $888.43M |
| Depreciation and Amortization | $260.41M | $265.22M | $273.19M | $242.16M | $215.81M |
| Deferred Income Tax | $-4.80M | $-6.55M | $15.00M | $-35.79M | $-1.10M |
| Stock Based Compensation | $119.72M | $85.59M | $109.20M | $121.90M | $108.86M |
| Change in Working Capital | $-796.00M | $34.38M | $-4.34B | $-638.96M | $-1.73B |
| Accounts Receivables | $77.63M | $262.20M | $-288.19M | $-43.51M | $-51.24M |
| Inventory | $48.07M | $1.40B | $-1.97B | $-323.32M | $-326.96M |
| Accounts Payables | $- | $-197.69M | $175.11M | $106.79M | $85.44M |
| Other Working Capital | $-921.70M | $-1.43B | $-2.26B | $-378.92M | $-1.43B |
| Other Non Cash Items | $400.08M | $419.92M | $237.48M | $231.53M | $278.47M |
| Net Cash Provided by Operating Activities | $458.62M | $1.28B | $-2.55B | $667.76M | $-236.61M |
| Investments in Property Plant and Equipment | $-465.31M | $-422.71M | $-308.53M | $-164.54M | $-331.90M |
| Acquisitions Net | $- | $5.19M | $-229.26M | $29.91M | $331.90M |
| Purchases of Investments | $-6.19M | $-12.53M | $-24.61M | $-3.73M | $-59.05M |
| Sales Maturities of Investments | $3.15M | $4.28M | $38.41M | $8.32M | $1.58M |
| Other Investing Activities | $1.35M | $-3.06M | $260.00K | $1.85M | $-331.89M |
| Net Cash Used for Investing Activities | $-467.00M | $-425.77M | $-523.75M | $-128.18M | $-389.36M |
| Debt Repayment | $378.74M | $-393.34M | $3.62B | $-337.23M | $1.15B |
| Common Stock Issued | $44.77M | $17.09M | $79.81M | $143.15M | $124.40M |
| Common Stock Repurchased | $-94.09M | $-333.93M | $-576.48M | $-229.94M | $-567.75M |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-21.63M | $- | $-20.13M | $- | $-20.10M |
| Net Cash Used Provided by Financing Activities | $307.79M | $-710.18M | $3.10B | $-424.02M | $686.98M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $299.41M | $147.39M | $31.67M | $115.56M | $61.01M |
| Cash at End of Period | $1.25B | $951.00M | $803.62M | $771.95M | $656.39M |
| Cash at Beginning of Period | $951.00M | $803.62M | $771.95M | $656.39M | $595.38M |
| Operating Cash Flow | $458.62M | $1.28B | $-2.55B | $667.76M | $-236.61M |
| Capital Expenditure | $-465.31M | $-422.71M | $-308.53M | $-164.54M | $-331.90M |
| Free Cash Flow | $-6.69M | $860.62M | $-2.86B | $503.22M | $-568.50M |
Cash Flow Charts
| Breakdown | November 30, 2024 | August 31, 2024 | May 31, 2024 | February 29, 2024 | November 30, 2023 | August 31, 2023 | May 31, 2023 | February 28, 2023 | November 30, 2022 | August 31, 2022 | May 31, 2022 | February 28, 2022 | November 30, 2021 | August 31, 2021 | May 31, 2021 | February 28, 2021 | November 30, 2020 | August 31, 2020 | May 31, 2020 | February 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $125.44M | $132.81M | $152.44M | $50.27M | $82.00M | $118.64M | $228.30M | $69.01M | $37.58M | $125.91M | $252.26M | $159.84M | $269.44M | $285.27M | $436.76M | $209.94M | $235.30M | $296.70M | $4.98M | $214.93M |
| Depreciation and Amortization | $75.37M | $72.72M | $69.24M | $83.27M | $66.56M | $63.97M | $63.00M | $62.57M | $64.75M | $67.43M | $70.47M | $72.37M | $71.52M | $66.94M | $62.36M | $61.66M | $61.53M | $60.63M | $58.34M | $57.59M |
| Deferred Income Tax | $-8.17M | $-9.75M | $-2.04M | $23.49M | $-3.44M | $-17.72M | $-7.13M | $-4.37M | $-2.98M | $-10.76M | $11.56M | $-4.56M | $-12.94M | $7.75M | $24.75M | $-16.26M | $-28.13M | $-16.44M | $25.04M | $-358.00K |
| Stock Based Compensation | $24.42M | $35.22M | $48.10M | $29.24M | $21.03M | $33.06M | $36.38M | $20.62M | $17.96M | $24.57M | $22.44M | $235.00K | $36.18M | $31.71M | $41.07M | $47.95M | $11.15M | $37.74M | $25.06M | $10.68M |
| Change in Working Capital | $-342.87M | $251.70M | $-493.55M | $49.75M | $-46.38M | $-185.59M | $-613.77M | $-638.73M | $959.66M | $-365.87M | $79.31M | $-780.02M | $-1.16B | $-1.73B | $-665.54M | $-519.83M | $-328.11M | $-786.20M | $995.19M | $-482.27M |
| Accounts Receivables | $- | $- | $-328.92M | $-10.26M | $59.47M | $49.35M | $-22.44M | $-51.99M | $155.66M | $208.13M | $-49.60M | $2.15M | $-45.88M | $-70.32M | $-174.15M | $-65.62M | $34.18M | $-58.14M | $46.07M | $-48.35M |
| Inventory | $- | $375.14M | $-94.81M | $-39.12M | $200.34M | $241.93M | $-355.08M | $-311.20M | $1.26B | $19.40M | $433.48M | $-465.11M | $-554.02M | $-856.61M | $-91.69M | $-389.53M | $44.75M | $-925.53M | $946.99M | $-163.84M |
| Accounts Payables | $- | $- | $-75.21M | $178.88M | $-192.93M | $-106.71M | $239.28M | $-2.53M | $-120.17M | $-180.43M | $105.44M | $4.63M | $54.93M | $-200.24M | $315.78M | $230.88M | $-149.00M | $407.01M | $-382.10M | $64.84M |
| Other Working Capital | $-342.87M | $-123.44M | $-69.81M | $-79.74M | $-113.26M | $-370.16M | $-475.53M | $-273.00M | $-332.57M | $-412.97M | $-410.02M | $-321.69M | $-614.59M | $-603.33M | $-715.48M | $-295.56M | $-258.04M | $-209.54M | $384.23M | $-334.92M |
| Other Non Cash Items | $102.46M | $136.41M | $718.43M | $73.62M | $90.33M | $111.80M | $107.94M | $112.15M | $105.51M | $107.36M | $94.90M | $85.34M | $98.03M | $65.39M | $-11.28M | $15.90M | $26.87M | $47.80M | $140.96M | $80.73M |
| Net Cash Provided by Operating Activities | $-23.35M | $619.10M | $-117.69M | $309.64M | $210.10M | $124.17M | $-185.28M | $-378.75M | $1.18B | $-51.36M | $530.95M | $-466.81M | $-697.32M | $-1.27B | $-111.88M | $-200.63M | $-21.39M | $-359.78M | $1.25B | $-118.70M |
| Investments in Property Plant and Equipment | $-127.20M | $-109.21M | $-103.91M | $-109.86M | $-145.28M | $-73.45M | $-136.72M | $-103.22M | $- | $-109.66M | $-94.81M | $-81.63M | $-89.06M | $-78.69M | $-59.15M | $-40.58M | $-31.95M | $-29.13M | $-62.87M | $-82.72M |
| Acquisitions Net | $-1.00K | $- | $1.00K | $52.00K | $145.28M | $73.45M | $1.17M | $1.38M | $- | $84.00K | $4.23M | $14.00K | $11.68M | $-241.58M | $617.00K | $40.58M | $31.95M | $29.13M | $62.87M | $82.72M |
| Purchases of Investments | $-6.39M | $-998.00K | $-2.09M | $-1.55M | $-1.41M | $-2.01M | $-1.23M | $-6.07M | $-1.03M | $-1.05M | $-4.38M | $-10.94M | $-1.02M | $-7.95M | $-4.70M | $-1.02M | $-143.00K | $-197.00K | $-2.37M | $-50.61M |
| Sales Maturities of Investments | $- | $485.00K | $136.00K | $1.59M | $1.16M | $388.00K | $17.00K | $794.00K | $994.00K | $2.34M | $150.00K | $1.49M | $25.96M | $10.87M | $86.00K | $5.59M | $1.36M | $1.21M | $168.00K | $554.00K |
| Other Investing Activities | $1.12M | $129.00K | $-1.96M | $89.00K | $-145.22M | $-73.37M | $-40.00K | $-3.89M | $-111.30M | $1.38M | $-4.23M | $-9.43M | $36.62M | $260.00K | $-4.00M | $-10.67M | $-30.93M | $-28.30M | $-62.87M | $-82.72M |
| Net Cash Used for Investing Activities | $-132.46M | $-109.59M | $-105.87M | $-109.78M | $-145.47M | $-74.99M | $-136.76M | $-107.11M | $-111.34M | $-108.28M | $-99.04M | $-91.06M | $-52.45M | $-317.09M | $-63.14M | $-6.11M | $-29.72M | $-27.29M | $-65.07M | $-132.78M |
| Debt Repayment | $-6.56M | $-79.00M | $-8.07M | $-170.01M | $14.53M | $221.08M | $313.14M | $119.15M | $-492.61M | $291.38M | $-295.43M | $699.62M | $847.92M | $1.48B | $591.26M | $138.20M | $-346.33M | $409.13M | $-527.30M | $364.22M |
| Common Stock Issued | $- | $22.09M | $8.21M | $16.34M | $896.00K | $26.55M | $989.00K | $3.59M | $222.00K | $9.84M | $3.44M | $3.50M | $16.22M | $38.50M | $21.59M | $48.85M | $2.57M | $90.02M | $1.71M | $28.03M |
| Common Stock Repurchased | $-116.28M | $-106.45M | $-106.85M | $-49.80M | $-40.14M | $-212.00K | $-3.93M | $-118.00K | $-8.65M | $-162.19M | $-162.97M | $-100.53M | $-120.45M | $-221.66M | $-133.84M | $-71.31M | $-104.47M | $-11.00K | $-54.14M | $-109.16M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-3.88M | $-7.32M | $-5.67M | $-6.06M | $-4.93M | $-7.04M | $-3.61M | $-5.79M | $-3.75M | $-6.30M | $-1 | $-5.66M | $-4.93M | $-5.64M | $-3.91M | $-5.50M | $- | $-5.43M | $- | $-5.25M |
| Net Cash Used Provided by Financing Activities | $-121.64M | $-170.68M | $-112.38M | $-209.53M | $-29.65M | $240.37M | $306.60M | $116.83M | $-504.78M | $132.73M | $-454.96M | $596.92M | $738.77M | $1.29B | $475.11M | $110.24M | $-448.23M | $493.71M | $-579.74M | $277.84M |
| Effect of Forex Changes on Cash | $- | $- | $- | $1.51M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-277.46M | $338.83M | $-325.45M | $-8.15M | $34.98M | $289.54M | $-15.45M | $-369.03M | $566.37M | $-26.91M | $-23.04M | $39.06M | $-11.01M | $-296.46M | $300.08M | $-96.50M | $-499.34M | $106.64M | $604.75M | $26.36M |
| Cash at End of Period | $975.84M | $1.25B | $755.34M | $1.08B | $1.26B | $1.23B | $935.55M | $951.00M | $1.32B | $753.66M | $780.58M | $803.62M | $764.56M | $775.57M | $1.07B | $771.95M | $868.44M | $1.37B | $1.26B | $656.39M |
| Cash at Beginning of Period | $1.25B | $914.47M | $1.08B | $1.09B | $1.23B | $935.55M | $951.00M | $1.32B | $753.66M | $780.58M | $803.62M | $764.56M | $775.57M | $1.07B | $771.95M | $868.44M | $1.37B | $1.26B | $656.39M | $630.03M |
| Operating Cash Flow | $-23.35M | $619.10M | $-117.69M | $309.64M | $210.10M | $124.17M | $-185.28M | $-378.75M | $1.18B | $-51.36M | $530.95M | $-466.81M | $-697.32M | $-1.27B | $-111.88M | $-200.63M | $-21.39M | $-359.78M | $1.25B | $-118.70M |
| Capital Expenditure | $-127.20M | $-109.21M | $-103.91M | $-109.86M | $-145.28M | $-73.45M | $-136.72M | $-103.22M | $-115.02M | $-109.66M | $-94.81M | $-81.63M | $-89.06M | $-78.69M | $-59.15M | $-40.58M | $-31.95M | $-29.13M | $-62.87M | $-82.72M |
| Free Cash Flow | $-150.55M | $509.89M | $-221.60M | $199.77M | $64.82M | $50.72M | $-322.00M | $-481.97M | $1.07B | $-161.02M | $436.14M | $-548.44M | $-786.39M | $-1.35B | $-171.03M | $-241.21M | $-53.34M | $-388.91M | $1.19B | $-201.42M |
CarMax Dividends
Explore CarMax's dividend history, including dividend yield, payout ratio, and historical payments.
CarMax News
Read the latest news about CarMax, including recent articles, headlines, and updates.
CarMax Announces Fourth Quarter Conference Call
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the fourth quarter ended February 28, 2025 before the market opens on April 10, 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, CAF Operations. The live conference call can be accessed by dialin.
ANGEL CITY FOOTBALL CLUB ANNOUNCES NEW PARTNERSHIP WITH CARMAX
LOS ANGELES, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Angel City Football Club (ACFC) today announced CarMax (NYSE: KMX), the nation's largest retailer of used cars, as a Founding Partner and its Official Used Auto Retailer. This partnership will focus on community impact, with a dedicated emphasis on supporting youth sports programs in the Los Angeles area, fan engagement activities, and special promotions on game days.
CarMax Announces 12 Hiring Events for Automotive Technicians and Service Professionals on February 20
RICHMOND, VA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, is hosting in-person hiring events for automotive technicians and service professionals in 12 cities across the country on Thursday, February 20 from 10:00 a.m. to 7:00 p.m. local time. CarMax will interview candidates for various positions, including technicians, detailers, painters, supply associates, and more. The company is hiring to fill new and existing positions at CarMax locations nationwide, including roles for the company's future standalone reconditioning and auction center in El Mirage, AZ.
A Quest That Has Translated Into New Investments
Focus on companies with proven business models, strong management, and potential for long-term market share growth in large industries. M&T Bank, Ashtead Group, Installed Building Products, Fiserv, Ferguson, Kinsale Capital Group, Align Technologies, and Medpace Holdings are highlighted investments. Emphasis on conservative financial practices, market dominance, and strategic capital deployment to drive future growth and shareholder value.
CarMax Plans Nearly 5-Acre Expansion Along Madison Avenue In Murrieta
MURRIETA, CA — CarMax Inc. in Murrieta is set to grow. The giant national used vehicle retailer plans to expand its site at 25560 Madison Avenue by nearly 5 acres. During the Jan. 22 Murrieta Planning Commission meeting, the commissioners gave a unanimous green light to the proposal. The existing 46-acre CarMax site is situated between Interstate 15 and Madison Avenue. Three vacant land parcels, totaling 4.62 acres, along Madison Avenue, are where CarMax plans to build out. According to company representatives, the new construction area will mainly house vehicle inventory. In 2015, the initial CarMax project was approved under the state's required environmental review process. As such, the city did not require additional environmental review for the new expansion. The entire area is zoned for commercial use. Murrieta Tire and Auto plans to open a new 4,995-square-foot shop next to the expansion area. Read more here. According to CarMax, the expansion is "designed to increase operational efficiency, improve traffic flow, and optimize customer and employee parking for the existing location." Construction will not alter CarMax's existing operations, according to the company. The city requires extensive landscaping and walls measuring up to 7 feet 6 inches in height around the expansion area. A CarMax spokesperson said the expansion is expected to begin as soon as possible and could wrap up by year's end. There were no public comments for or against the expansion proposal. Last month, Richmond, Va.-headquartered CarMax reported its third quarter fiscal year 2025 results. Combined retail and wholesale used vehicle unit sales were 320,256, an increase of 5.8% from 2023's third quarter. Total retail used vehicle unit sales increased 5.4% to 184,243 compared to the prior year’s third quarter. CarMax's stock closed Monday at 84.53, up $1.80 or 2.18%.
CarMax is Firing on All Pistons as Growth Returns
When it comes to used cars in the United States, CarMax Inc. NYSE: KMX stands out as the largest used car dealership. The auto/tires/trucks sector giant operates more than 245 physical dealerships in the country, and it popularized the concept of a “no-haggle” pricing policy for buying used cars.
Why Fast-paced Mover CarMax (KMX) Is a Great Choice for Value Investors
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, CarMax (KMX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
CarMax: Q3, Earnings Momentum Is Starting To Return
CarMax's fiscal Q3 showed good unit sales trends and resilient gross profit, already pushing great earnings momentum in the previously slow industry. Unit sales trends are also seen to have improved throughout December, but some uncertainty regarding interest rates and used car prices remain. I again estimate KMX stock to be valued with a fair margin of safety at a fair value of $92.
CarMax: Credit Risks Remain Despite Solid Q3 Results
CarMax shares have gained 10% over the past year but are now overvalued at 23x earnings, justifying a "sell" rating. Despite stable gross margins and disciplined spending, potential credit losses and high valuation pose significant risks to CarMax's stock performance. CarMax's financing division shows tightening credit standards, but existing loan delinquencies and low reserve rates remain concerning.
CarMax Delivers Despite Lower Car Prices, Lock In Gains
CarMax, Inc.'s fiscal Q2 2025 revenues increased slightly, with a $170 million beat versus consensus, driven by higher volumes despite lower pricing. Comparable store used unit sales rose 4.3%, and total retail used vehicle unit sales increased 5.4%, showing positive momentum. Gross profit increased 10.6% year-over-year, with retail gross profit per used unit flat and wholesale gross profit per unit up $54.
CarMax Leverages Omnichannel Strategy to Drive Customer Experience
While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit sales, company officials attributed this growth to strong execution across its business model, led by its omnichannel strategy. This strategy has become a key differentiator, according to CEO Bill Nash.
CarMax, Inc. (KMX) Q3 2025 Earnings Call Transcript
CarMax, Inc. (NYSE:KMX ) Q3 2025 Earnings Conference Call December 19, 2024 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 Brian Nagel - Oppenheimer Sharon Zackfia - William Blair John Murphy - Bank of America Seth Basham - Wedbush Securities Chris Bottiglieri - BNP Paribas Craig Kennison - Baird Scot Ciccarelli - Truist Jeff Lick - Stephens David Bellinger - Mizuho Michael Montani - Evercore Chris Pierce - Needham Rajat Gupta - JP Morgan David Whiston - Morningstar Operator Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter Fiscal Year 2025 CarMax Earnings Release Conference Call.
Used-car retailer CarMax posts first quarterly sales rise in over two years, shares jump
CarMax on Thursday reported its first quarterly sales increase in more than two years, in an early sign that the used car market was rebounding from months of slump, sending the retailer's shares up more than 6% before the bell.
CarMax Reports Third Quarter Fiscal Year 2025 Results
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2024. Third Quarter Highlights:(1) Retail used unit sales increased 5.4% and comparable store used unit sales increased 4.3%; wholesale units increased 6.3%. Total gross profit of $677.6 million increased 10.6% driven by unit volumes and strong unit margin performance. Gross profit per retail used unit of $2,306, in line with the prior year's third quarter Gross profit per who.
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