KMX Research | Milton Maxwell

KMX

CarMax, Inc.

40.63

-0.29-0.71%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

6.10B

P/E (TTM)

11.91

Basic EPS (TTM)

3.41

Dividend Yield

Recent Filings

8-K

11/6/25Nov 6, 2025

10-Q

Q1 FY2026 results

6/26/25Jun 26, 2025

CarMax posted solid Q1 FY2026 results, with net sales and operating revenues climbing 6.1% year-over-year to $7,546.5 million, fueled by a 9.0% surge in used vehicle units to 230,210 despite a 1.5% dip in average selling prices; gross profit jumped 12.8% to $893.6 million, lifting margins to 11.8% from 11.1%, while operating income rose 37.1% (derived) to $283.1 million on tighter SG&A leverage. Diluted EPS hit $1.38, up 42.3% and aligning with 152,607 weighted shares. Operating cash flow flipped positive at $299.5 million, yielding free cash flow of $162.8 million after $136.7 million in capex, with cash at $262.8 million and $2.0 billion revolver fully available amid $18.8 billion total debt. No material M&A noted. Yet competition in the used car market remains fierce.

8-K

CarMax annual meeting outcomes

6/26/25Jun 26, 2025

CarMax shareholders at the June 24, 2025 annual meeting elected all nine board nominees, including Peter J. Bensen and Sona Chawla, each with over 110 million votes for amid 11.6 million broker non-votes. They ratified KPMG LLP as auditors for fiscal 2026 with 131.6 million in favor, approved executive compensation advisory vote by 110.9 million, yet rejected a special meeting right proposal 80.8 million against. Board continuity holds firm. No major disruptions noted.

8-K

CarMax Q1 earnings up 42.3%

6/20/25Jun 20, 2025

CarMax reported first-quarter fiscal 2026 results on June 20, 2025, with net earnings per diluted share surging 42.3% to $1.38, fueled by 9.0% retail used unit sales growth and record $2,407 gross profit per retail unit. Total gross profit climbed 12.8% to $893.6 million, while SG&A leverage improved sharply; yet CarMax Auto Finance income dipped 3.6% to $141.7 million amid higher loan loss provisions. The company repurchased $199.8 million in shares and expanded its non-prime funding program for risk mitigation. Strong execution drives earnings growth.

8-K

CarMax executive departure announced

5/15/25May 15, 2025

CarMax announced on May 9, 2025, that Executive Vice President and Chief Growth and Strategy Officer James Lyski will depart effective June 8, 2025. Lyski qualifies for severance benefits under his amended agreement from December 1, 2023. The exit leaves a gap in growth strategy leadership. No successor named yet.

About

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.

CEO

Mr. Thomas Joseph Folliard

IPO

2/4/1997

Website

https://www.carmax.com

Employees

30,048

Sector

Consumer Cyclical

Industry

Auto & Truck Dealerships