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CarMax (KMX) News Today

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$68.66 +4.33 (+6.73%)
Closing price 06/20/2025 03:59 PM Eastern
Extended Trading
$68.72 +0.06 (+0.09%)
As of 06/20/2025 07:58 PM Eastern
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Why is CarMax Up Today?

CarMax, Inc. (NYSE:KMX) shares are up today after the company reported better-than-expected first-quarter results, driven by strong used-car demand amid tariff concerns and solid operational execution.

  • Q1 EPS of $1.38 crushed consensus estimates (~$1.18), marking a 42% year-over-year jump that fueled a premarket rally
  • Revenue rose to $7.5 billion (+6% year-over-year) as retail used-vehicle comps climbed 8.1%
  • Tariff-related uncertainty boosted demand for used cars, lifting unit volumes and margins
  • Record gross profit of $893.6 million and an accelerated share-repurchase pace underscored management confidence
  • Analysts at William Blair and Wedbush reiterated Buy/Outperform ratings following the strong beat
  • Management highlighted omnichannel initiatives and AI-driven efficiency gains during the earnings call
  • Investors can review the full Q1 earnings transcript for deeper insights into guidance and strategy
  • CarMax Auto Finance increased its loan-loss provision to $101.7 million from $81.2 million a year ago, reflecting an uncertain credit backdrop
  • Rising credit losses in the financing business remain a headwind for future profits
  • J.P. Morgan maintained a Sell rating on concerns over financial pressures and intensifying competition

Overall, CarMax’s strong top-line growth and margin expansion have outweighed credit-related provisions, but investors are watching auto-finance headwinds and rating divergence for signs of near-term volatility.

Posted 1+ days agoAI Generated. May Contain Errors.

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CarMax (NYSE:KMX) Announces Quarterly Earnings Results, Beats Estimates By $0.17 EPS
CarMax (NYSE:KMX - Get Free Report) announced its quarterly earnings data on Friday. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.17. CarMax had a return on equity of 8.22% and a net margin of 1.90%. During the same quarter in the previous year, the company earned $0.97 EPS.
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CarMax, Inc. stock logo
SG Americas Securities LLC Raises Holdings in CarMax, Inc. (NYSE:KMX)
SG Americas Securities LLC grew its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 105.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,303 shares of the company's stock after acquiring an additional 5,808 shares during the quarte
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CarMax's (KMX) "Outperform" Rating Reiterated at Wedbush
Wedbush reissued an "outperform" rating and set a $90.00 target price on shares of CarMax in a research note on Wednesday.
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Mn Services Vermogensbeheer B.V. Trims Stock Holdings in CarMax, Inc. (NYSE:KMX)
Mn Services Vermogensbeheer B.V. trimmed its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,100 shares of the company's stock after selling 6,2
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This page (NYSE:KMX) was last updated on 6/23/2025 by MarketBeat.com Staff
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