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 |
|---|---|---|---|
| 11/10/2025 | $35.00 | Overweight → Equal-Weight | Morgan Stanley |
| 11/7/2025 | Outperform → Sector Perform | RBC Capital Mkts | |
| 11/7/2025 | Buy → Hold | Needham | |
| 11/6/2025 | $30.00 | Neutral → Underweight | Analyst |
| 11/6/2025 | Buy → Hold | The Benchmark Company | |
| 11/6/2025 | Outperform → Mkt Perform | William Blair | |
| 10/7/2025 | $42.00 | Overweight → Equal-Weight | Stephens |
| 9/29/2025 | Buy → Neutral | Seaport Research Partners | |
| 9/26/2025 | Outperform → Perform | Oppenheimer | |
| 9/26/2025 | $52.00 | Outperform → In-line | Evercore ISI |
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Morgan Stanley downgraded CarMax from Overweight to Equal-Weight and set a new price target of $35.00
RBC Capital Mkts downgraded CarMax from Outperform to Sector Perform
Needham downgraded CarMax from Buy to Hold
The Benchmark Company downgraded CarMax from Buy to Hold
Analyst downgraded CarMax from Neutral to Underweight and set a new price target of $30.00
William Blair downgraded CarMax from Outperform to Mkt Perform
Stephens downgraded CarMax from Overweight to Equal-Weight and set a new price target of $42.00
Seaport Research Partners downgraded CarMax from Buy to Neutral
Oppenheimer downgraded CarMax from Outperform to Perform
Evercore ISI downgraded CarMax from Outperform to In-line and set a new price target of $52.00
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4 - CARMAX INC (0001170010) (Issuer)
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Member of the Board David McCreight Named Interim President and CEO; Chair of the Board, Tom Folliard, to be Interim Executive Chair of the Board Search for Permanent CEO Underway Provides Preliminary Outlook for Fiscal Year 2026 Third Quarter Financial Results CarMax, Inc. (NYSE:KMX) ("CarMax" or the "Company") today announced leadership changes to strengthen its business. David McCreight, a member of the Board of Directors (the "Board"), and proven retail business leader and brand strategist, has been named Interim President and Chief Executive Officer. Concurrently with Mr. McCreight's appointment, current Chair of the Board, Tom Folliard, an executive with a 30-year history with
NEW YORK, Oct. 27, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600: Solstice Advance Materials Inc. (NASD: SOLS) will replace CarMax Inc. (NYSE:KMX) in the S&P 500, and CarMax will replace USANA Health Sciences Inc. (NYSE:USNA) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 31. S&P 500 and 100 constituent Honeywell International Inc. (NASD: HON) is spinning off Solstice Advance Materials in a transaction expected to be completed on October 30. Post spin-off, Honeywell International will remain in the S&P 500 and 100. CarMax and USANA Health Sciences no longer represent the large cap and small c
CarMax, Inc. (NYSE: KMX) today reported results for the second quarter ended August 31, 2025. Second Quarter Highlights:(1) Retail used unit sales decreased 5.4% and comparable store used unit sales decreased 6.3%; wholesale units decreased 2.2%. Solid unit margins with gross profit per retail used unit of $2,216, gross profit per wholesale unit of $993, and Extended Protection Plans (EPP) margin per retail unit of $576, all in line with the prior year's second quarter. Bought 293,000 vehicles from consumers and dealers, a decrease of 2.4%. 262,000 vehicles were purchased from consumers, down 2.7% 31,000 vehicles were purchased through dealers, up 0.2% SG&A decreased 1
RICHMOND, Virginia, Sept. 24, 2025 (GLOBE NEWSWIRE) -- CarMax (NYSE:KMX) has been named to Fortune magazine's 2025 Fortune Best Workplaces in Retail™ list for the 11th consecutive year, ranking #6 in the large company category. CarMax was also recently honored by Great Place To Work® and PEOPLE magazine as one of the 2025 PEOPLE® Companies that Care, ranking #38 and marking the company's fifth appearance on the list. These recognitions, as well as other awards achieved this year, highlight CarMax's people-first culture and commitment to helping its communities thrive. "We are incredibly proud of CarMax's associates for their dedication to each other, our customers, and our communities,"
CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2025 before the market opens on September 25, 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 investors.carmax.com. A replay of the webcast will be available on the c
RICHMOND, VA, Aug. 25, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, is launching a new brand positioning, spotlighting its seamless, industry-leading omni-channel experience. After years of refining its model to allow customers to buy online, in-store or switch between the two effortlessly, CarMax is setting a new standard of the car-buying journey with customer empowerment at every step. To bring the customer-centric experience to life and reflect the modern expression of what CarMax stands for today, the brand is retiring its former tagline that has been used in some form for more than 20 years and unveiling its new "Wanna Drive?" tagline
CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit per retail used unit of $2,407, up $60 per unit Historically strong gross profit per wholesale unit of $1,047, down $17 per unit Extended Protection Plans (EPP) margin per retail unit of $572, an increase of $9 pe
Richmond, VA, June 04, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE:KMX), the nation's largest retailer of used cars, today announced a series of strategic initiatives designed to enhance the used electric vehicle (EV) buying experience for consumers. CarMax is partnering with innovative companies to introduce an advanced battery health assessment tool and provide access to a $200 credit for installation of certain in-home chargers for CarMax customers. In addition, the company has launched the CarMax EV Hub as an online educational resource, along with a badge on CarMax.com that highlights vehicles that may qualify for the federal used EV tax credit. Through these efforts, CarMax is empowe
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 investors.carmax.com. A replay of the webcast will be available on the company's
RICHMOND, Va., May 08, 2025 (GLOBE NEWSWIRE) -- Richmond Ivy Soccer Club is thrilled to unveil their kits for the 2025 season, with CarMax (NYSE:KMX), the nation's largest retailer of used cars, returning as the front-of-jersey sponsor. The Woven Together Kits will serve as the club's jerseys for year two. Each kit features a fully custom, hand drawn design in Midnight and Mint colorways on the primary and secondary kit respectively, courtesy of hummel Pro North America. CarMax has led the used car industry for more than 30 years, with a customer experience based on integrity and transparency. As a people-first organization, CarMax is committed to making a positive impact and helping co
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4 - CARMAX INC (0001170010) (Issuer)
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4 - CARMAX INC (0001170010) (Issuer)
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NEW YORK, Oct. 27, 2025 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600: Solstice Advance Materials Inc. (NASD: SOLS) will replace CarMax Inc. (NYSE:KMX) in the S&P 500, and CarMax will replace USANA Health Sciences Inc. (NYSE:USNA) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 31. S&P 500 and 100 constituent Honeywell International Inc. (NASD: HON) is spinning off Solstice Advance Materials in a transaction expected to be completed on October 30. Post spin-off, Honeywell International will remain in the S&P 500 and 100. CarMax and USANA Health Sciences no longer represent the large cap and small c
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CarMax, Inc. (NYSE: KMX) today reported results for the second quarter ended August 31, 2025. Second Quarter Highlights:(1) Retail used unit sales decreased 5.4% and comparable store used unit sales decreased 6.3%; wholesale units decreased 2.2%. Solid unit margins with gross profit per retail used unit of $2,216, gross profit per wholesale unit of $993, and Extended Protection Plans (EPP) margin per retail unit of $576, all in line with the prior year's second quarter. Bought 293,000 vehicles from consumers and dealers, a decrease of 2.4%. 262,000 vehicles were purchased from consumers, down 2.7% 31,000 vehicles were purchased through dealers, up 0.2% SG&A decreased 1
CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2025 before the market opens on September 25, 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 investors.carmax.com. A replay of the webcast will be available on the c
CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2025. First Quarter Highlights:(1) Net earnings per diluted share increased 42.3% to $1.38 from $0.97 a year ago. Retail used unit sales increased 9.0% and comparable store used unit sales increased 8.1%; wholesale units increased 1.2%. Total gross profit increased 12.8% to $893.6 million, driven by higher unit volumes and strong unit margin performance. Record high gross profit per retail used unit of $2,407, up $60 per unit Historically strong gross profit per wholesale unit of $1,047, down $17 per unit Extended Protection Plans (EPP) margin per retail unit of $572, an increase of $9 pe
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 investors.carmax.com. A replay of the webcast will be available on the company's
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