CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in 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; 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 whole 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, 2021, it operated approximately 220 used car stores and 1 new car franchises. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
IPO Year:
Exchange: NYSE
Website: carmax.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/26/2025 | $86.00 → $90.00 | Equal-Weight → Overweight | Stephens |
| 2/6/2025 | $90.00 → $110.00 | In-line → Outperform | Evercore ISI |
| 12/5/2024 | $86.00 | Equal-Weight | Stephens |
| 3/20/2024 | $99.00 | Hold → Buy | Needham |
| 3/19/2024 | $80.00 | Neutral | Mizuho |
| 9/25/2023 | $85.00 → $90.00 | Neutral → Outperform | Wedbush |
| 6/12/2023 | Buy → Neutral | Northcoast | |
| 2/23/2023 | $66.00 | Hold | Truist |
| 1/11/2023 | $60.00 | Neutral → Underweight | JP Morgan |
| 1/5/2023 | Buy → Hold | Argus |
JERSEY CITY, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- Gotham FC, the preeminent top-tier professional women's soccer club in the New York region, announced on Tuesday the multi-year extension of its marquee partnership with CarMax (NYSE:KMX), the nation's largest retailer of used cars. The renewed partnership continues the dynamic relationship between the two brands, deepening their shared commitment to community and the growth of women's sports. As part of this renewed collaboration, CarMax will remain the front-of-kit sponsor of Gotham FC, with prominent logo placement on the club's kits. CarMax is also the presenting partner of the Gotham FC regular season and Fan Fest at Sports Ill
RICHMOND, VA, April 22, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, has released its latest findings on consumer trends in used electric vehicle (EV) shopping. CarMax pricing data and carmax.com data were gathered to reveal insights into consumer interest, popular models, trade-ins, and regional preferences. Key Highlights: The percentage of monthly searches filtered by "Electric Vehicle" on carmax.com has nearly doubled from January 2022 to February 2025.In the same timeframe, average used EV prices at CarMax fell by more than 40%, while non-electric vehicle average prices dropped by 12% (this includes ICE cars, hybrids, and plug-
Achieved over 80% earnings growth in the fourth quarter driven by gains across the business CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2025. Fourth Quarter Highlights:(1) Net revenues of $6.0 billion, up 6.7%. Retail used unit sales increased 6.2% and comparable store used unit sales increased 5.1%; wholesale units increased 3.1%. CarMax's share of the nationwide age 0-10 year old used vehicle market remained at 3.7% in calendar year 2024. Accelerating gains in the back half of the year, reflecting the positive momentum across the business, offset losses in the first half of the year. Total gross profit of $667.9 millio
RICHMOND, Virginia, April 02, 2025 (GLOBE NEWSWIRE) -- Fortune magazine and Great Place to Work® have named CarMax (NYSE:KMX) one of the 100 Best Companies to Work For® in 2025. This marks the 21st consecutive year that CarMax has been named to this prestigious list, which annually recognizes the best companies to work for in the country. CarMax, the nation's largest retailer of used cars, ranks #69 for 2025. "Congratulations to CarMax associates as we celebrate 21 consecutive years as one of the 100 Best Companies to Work For!" said Craig Cronheim, CarMax's Chief Human Resources Officer. "This remarkable achievement is a testament to your unwavering dedication to living our values, and
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 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 investors.carmax.com. A replay of the webcast will be available on the company's
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 and Angel City will support the "Essentials" pillar of ACFC's commitment to Equity, Essentials, and Education, enabling youth to access sports. This impact will include providing monetary funds to support these efforts as the Presenting Partner of the Angel City Camps S
Achieved over 50% earnings growth driven by gains across the business 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 wholesale unit of $1,015, up $54 per unit Extended Protection Plans (EPP) margin per retail unit of $573, an increase of $53 per unit Service ma
RICHMOND, VA, Dec. 03, 2024 (GLOBE NEWSWIRE) -- The Golden State Valkyries and CarMax (NYSE:KMX), the nation's largest retailer of used cars, today announced CarMax as a Founding Partner of the team and the official used car retailer of the Valkyries. The partnership will be rooted in community impact, with a dedicated focus on Bay Area youth, and will bring fans closer to the team through exclusive behind-the-scenes content and special access moments throughout the year. "CarMax has a proven focus on creativity, innovation and a consumer-first mentality, an incredible mix of values that perfectly align with the Valkyries," said Valkyries President Jess Smith. "Their commitment to inves
CarMax, Inc. (NYSE:KMX) will report its financial results for the third quarter ended November 30, 2024 before the market opens on December 19, 2024, 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, senior vice president, CAF Operations. 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 investors.carmax.com. A replay of the webcast will be available on the company's
Delivers positive retail used unit growth and double-digit earnings increase CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. Gross profit per retail used unit of $2,269 and gross profit per wholesale unit of $975, both in line with last year. Extended Protection Plan (EPP) margin growth of $69 per retail unit to $575 and service margin growth of $84 per retail unit from the prior year's second quarter. Bought 300,000 vehicles from consumers and dealers, u
Stephens upgraded CarMax from Equal-Weight to Overweight and set a new price target of $90.00 from $86.00 previously
Evercore ISI upgraded CarMax from In-line to Outperform and set a new price target of $110.00 from $90.00 previously
Stephens initiated coverage of CarMax with a rating of Equal-Weight and set a new price target of $86.00
Needham upgraded CarMax from Hold to Buy and set a new price target of $99.00
Mizuho initiated coverage of CarMax with a rating of Neutral and set a new price target of $80.00
Wedbush upgraded CarMax from Neutral to Outperform and set a new price target of $90.00 from $85.00 previously
Northcoast downgraded CarMax from Buy to Neutral
Truist resumed coverage of CarMax with a rating of Hold and set a new price target of $66.00
JP Morgan downgraded CarMax from Neutral to Underweight and set a new price target of $60.00
Argus downgraded CarMax from Buy to Hold
Achieved over 80% earnings growth in the fourth quarter driven by gains across the business CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 28, 2025. Fourth Quarter Highlights:(1) Net revenues of $6.0 billion, up 6.7%. Retail used unit sales increased 6.2% and comparable store used unit sales increased 5.1%; wholesale units increased 3.1%. CarMax's share of the nationwide age 0-10 year old used vehicle market remained at 3.7% in calendar year 2024. Accelerating gains in the back half of the year, reflecting the positive momentum across the business, offset losses in the first half of the year. Total gross profit of $667.9 millio
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 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 investors.carmax.com. A replay of the webcast will be available on the company's
Achieved over 50% earnings growth driven by gains across the business 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 wholesale unit of $1,015, up $54 per unit Extended Protection Plans (EPP) margin per retail unit of $573, an increase of $53 per unit Service ma
CarMax, Inc. (NYSE:KMX) will report its financial results for the third quarter ended November 30, 2024 before the market opens on December 19, 2024, 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, senior vice president, CAF Operations. 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 investors.carmax.com. A replay of the webcast will be available on the company's
Delivers positive retail used unit growth and double-digit earnings increase CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2024. Second Quarter Highlights: Retail used unit sales increased 5.1% and comparable store used unit sales increased 4.3% from the prior year's second quarter; wholesale units decreased 0.3%. Gross profit per retail used unit of $2,269 and gross profit per wholesale unit of $975, both in line with last year. Extended Protection Plan (EPP) margin growth of $69 per retail unit to $575 and service margin growth of $84 per retail unit from the prior year's second quarter. Bought 300,000 vehicles from consumers and dealers, u
CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2024 before the market opens on September 26, 2024, 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, senior vice president, CAF Operations. 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 investors.carmax.com. A replay of the webcast will be available on the company's
Announces the expansion of its asset-backed securitization program to enable incremental growth in finance income CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2024. First Quarter Highlights: Retail used unit sales decreased 3.1% and comparable store used unit sales decreased 3.8% from the prior year's first quarter; wholesale units declined 8.3% from the prior year's first quarter, impacted by lower year-over-year seasonal appreciation. Delivered strong margins in retail, wholesale, and Extended Protection Plans (EPP). Gross profit per retail used unit of $2,347, in line with last year; gross profit per wholesale unit of $1,064 and EPP of $563
CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2024 before the market opens on June 21, 2024, 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, senior vice president, CAF Operations. 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 investors.carmax.com. A replay of the webcast will be available on the company's website
CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024. Fourth Quarter Highlights: Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year's fourth quarter; wholesale units declined 4.0% from the prior year's fourth quarter. Delivered solid margins in retail and wholesale; gross profit per retail used unit of $2,251 and gross profit per wholesale unit of $1,120, both down slightly from last year's historically strong fourth quarter. Bought 234,000 vehicles from consumers and dealers,
CarMax, Inc. (NYSE:KMX) will report its financial results for the fourth quarter ended February 29, 2024 before the market opens on April 11, 2024, 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, senior vice president, CAF Operations. 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 investors.carmax.com. A replay of the webcast will be available on the company's w
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