CarMax, Inc. (KMX)
|Net Income (ttm)||453.53M|
|Day's Range||68.73 - 72.44|
|52-Week Range||52.10 - 87.50|
|Price Target||76.80 (+8.58%)|
|Earnings Date||Sep 28, 2023|
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company 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. It also pro... [Read more]
In 2022, CarMax's revenue was $29.68 billion, a decrease of -6.95% compared to the previous year's $31.90 billion. Earnings were $484.76 million, a decrease of -57.89%.Financial Statements
According to 12 analysts, the average rating for KMX stock is "Hold." The 12-month stock price forecast is $76.8, which is an increase of 8.58% from the latest price.
Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this t...
Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines” due to both interest rates and affordabilit...
CarMax (KMX) shares tumbled over 9% in early trading on Thursday after reporting a profit below forecasts as demand for used vehicles slowed and the company spent more to cover potential losses from b...
CarMax stock drops on Q2 earnings, interest rate pressures
Shares of used car retailer CarMax (KMX) are falling this morning over its mixed second-quarter earnings, citing declining used car demand and higher interest rates impacting business. Yahoo Finance L...
The used-car seller says 'vehicle affordability' weighed on second-quarter sales.
CarMax Inc.'s stock KMX, +1.84% slid 6.5% in premarket trade Thursday, after the used car retailer's second-quarter earnings fell from a year ago amid continued pressure in the sector.
CarMax on Thursday posted a lower quarterly profit amid tepid demand for preowned vehicles.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2023. Highlights: Net revenues were $7.1 billion, down 13.1% compared with the pr...
Concerns about the economy aren't completely going away, but the 10-year Treasury yield has risen substantially in the past several months.
Stock news September 25, 2023: Microsoft sheds last Sell rating, CarMax upgraded, IPO updates
There are no longer any "Sell" ratings on Microsoft (MSFT) shares after Guggenheim raised its rating to "Neutral" on the company's AI prospects. Shares of CarMax (KMX) were upgraded to "Outperform" at...
Shares of used-car retailers Carvana Co. CVNA, +12.08% rallied more than 12%, and shares of CarMax Inc. KMX, +3.05% rose around 2%, in midday trading Thursday, with just hours to go for a contract's e...
Used car prices fall 7.7% in August year-over-year as market normalizes
CNBC's Phil LeBeau reports on news from the used car market and the looming auto strike.
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the second quarter ended August 31, 2023 before the market opens on September 28, 2023, and it will host a...
Final Trades: Carmax, Uber & more
The "Halftime Report" traders give their top picks to watch for the second half.
The used vehicle market might be seeing improvement, but affordability remains elusive. CarMax posted first-quarter earnings results for fiscal year 2024 Friday (June 23) that showed a slowing sales d...
CarMax shares on pace for best day in three years
Aureus Asset Management's Karen Firestone joins 'Halftime Report' to discuss CarMax earnings topping sales and profit estimates, weakness in the used car market, and the new versus used car market.
Sales fell 17% in its recently ended quarter as rising interest rates kept used-car prices high and inflation continues to weigh on its customers' budgets.
Shares of CarMax jumped on Friday morning after the used car dealer exceeded quarterly earnings and revenue forecasts following cost-cutting measures.
Shares of the diversified auto dealership CarMax NYSE: KMX are flying higher by as much as 10% right during the opening hours of Friday's trading session; the quick advance comes amid the company anno...
Cramer's Mad Dash on Carmax: Please do not sell this
CNBC's Jim Cramer delivers his daily Mad Dash.
The used-car seller topped analyst expectations on both profit and sales for the first quarter.
CarMax Inc on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost cutting measures that were implemented to tackle a fall in demand for used ca...
Shares of CarMax Inc. KMX, +0.03% jumped 8.3% toward a nine-month high in premarket trading Friday, after the used car seller reported a big fiscal first-quarter profit beat as used, consumer and deal...
RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights: Net revenues were $7.7 billion, down 17.4% compared with the prior ...