CarMax Group (KMX) - NYSE
  • Tue, Jan. 12, 8:12 AM
    • Oppenheimer upgrades CarMax (NYSE:KMX) to an Outperform rating from perform on a valuation call. CarMax was pulled down sharply after AutoNation warned last week.
    • The investment firm thinks used car sales are poised to bounce back this year.
    • Oppy has a $60 price target on CarMax vs. yesterday's close of $46.99.
    | Tue, Jan. 12, 8:12 AM | 2 Comments
  • Mon, Jan. 11, 9:27 AM
    • Goldman Sachs removes CarMax (NYSE:KMX) from its Conviction Buy List.
    • The investment firm lowers its price target on the auto retailer to $62 from $69, a level that still indicates strong upside potential of 33%.
    | Mon, Jan. 11, 9:27 AM | 2 Comments
  • Wed, Jan. 6, 10:06 AM
    • AutoNation (NYSE:AN) CEO Mike Jackson warned that the company's strong pace of sales growth in December was boosted by "significant retail discounts" amid elevated inventory.
    • "This plus 9% is misleading," Jackson told CNBC during an interview after the sales report was posted.
    • AutoNation is down 11%, while peers Lithia Motors (LAD -10.3%), Asbury Automotive Group (ABG -7.4%), Group 1 Automotive (GPI -7.4%), Sonic Automotive (SAH -4%), and CarMax (KMX -4%) are also lower.
    • Previously: Strong demand for domestic cars paces AutoNation (Jan. 06 2016)
    | Wed, Jan. 6, 10:06 AM | 13 Comments
  • Dec. 18, 2015, 9:15 AM
    | Dec. 18, 2015, 9:15 AM | 2 Comments
  • Dec. 18, 2015, 7:23 AM
    • CarMax (NYSE:KMX) reports used vehicles unit sales rose 3.2% to 143,673, whereas comparable stores fell 0.8% in Q3.
    • Used vehicle sales increased 4.1% to $2.91B.
    • New vehicle sales decreased 22.5% to $42.3M during the period. Unit sales declined 21.6% to 1,576.
    • Total wholesale vehicle unit sales grew 3.4% to 94,066 due to growth in store base and total sales +6.7% to $513.8M.
    • CarMax Auto Finance income rose 2.9% to $92.3M.
    • Average selling prices: Used vehicles +0.9% to $20,094, New vehicles -1.2% to $26,720, Wholesale vehicles +2.3% to $5,243.
    • Gross profit per used vehicle -0.6% to $2,160.
    • Gross profit per wholesale vehicle +2.4% to $949.
    • FY2016 Guidance: Capital expenditure: ~$360M.
    | Dec. 18, 2015, 7:23 AM | 2 Comments
  • Dec. 18, 2015, 6:52 AM
    • CarMax (NYSE:KMX): Q3 EPS of $0.63 misses by $0.05.
    • Revenue of $3.54B (+3.8% Y/Y) misses by $70M.
    | Dec. 18, 2015, 6:52 AM
  • Dec. 17, 2015, 5:30 PM
  • Oct. 14, 2015, 9:12 AM
    • Retail sales improved 2.4% Y/Y with some categories helping to offset the 20% drop in gasoline station sales.
    • Clothing store sales improved 0.9% M/M and 4.7% Y/Y. Both marks were much higher than sales churned up from department stores.
    • As expected, auto dealers and auto parts stores (ABG, AN, CPRT, GPI, KMX, LAD, PAG, AAP, AZO, ORLY, PBY) showed a brisk 9% Y/Y gain.
    • Furniture and home furnishings store sales were also ahead of the broad retail sales growth numbers with gains of 0.6% M/M and 5.3% Y/Y.
    • Previously: Retail sales missed consensus in September (Oct. 14 2015)
    • Related ETFs: IYK, IYC, SCC, UCC, UGE, SZK
    | Oct. 14, 2015, 9:12 AM
  • Sep. 24, 2015, 9:42 AM
    • CarMax (KMX -0.9%) says it will hire 2K full-time and part-time positions in the U.S.
    • The company says it intends to open between 13 and 16 stores each year over the next several years.
    | Sep. 24, 2015, 9:42 AM | 2 Comments
  • Sep. 23, 2015, 10:37 AM
    • CarMax (KMX -2.4%) is one of the leading decliners in the S&P 500 Index after Oppenheimer issues a downgrade.
    • The investment firm lowers its rating to Perform from Outperform on used car sales growth concerns.
    • Oppy still has a favorable long-term view on the auto retailer.
    | Sep. 23, 2015, 10:37 AM | 1 Comment
  • Sep. 22, 2015, 7:51 AM
    • CarMax (NYSE:KMX) reports used vehicle sales increased 7.9% to $3.150B in Q2 on a 9.2% gain in units moved.
    • New vehicle sales fell 13.5% to $60.5M during the period. Unit sales -12.9%.
    • Wholesale vehicle sales were up 11.6% to $592M. Unit sales +8.7%.
    • Average selling price: Used -1.1 to $19,983; New -0.7% to $26,799; Wholesale +1.7% to $5,336.
    • Total gross profit per unit +13.4% to $3,284.
    • Previously: CarMax beats by $0.06, misses on revenue
    | Sep. 22, 2015, 7:51 AM | 1 Comment
  • Sep. 22, 2015, 7:38 AM
    • CarMax (NYSE:KMX): Q2 EPS of $0.82 beats by $0.06.
    • Revenue of $3.88B (+7.8% Y/Y) misses by $100M.
    | Sep. 22, 2015, 7:38 AM
  • Sep. 21, 2015, 6:52 PM
    • Wynn Resorts (NASDAQ:WYNN), Viacom (NASDAQ:VIAB) and Dollar Tree (NASDAQ:DLTR) headline Goldman Sachs' list of 25 companies that could post outsized returns even as more and more stocks are moving in lock-step.
    • Goldman’s picks come as return dispersion - the performance gap among stocks - has sunk lately amid turmoil in China and concerns about when the Fed will raise interest rates that has pushed stock correlations to their highest level since 2011.
    • Given the low-dispersion setting, Goldman says investors should focus on these 25 stocks that have high “dispersion scores” and 15%-plus upside to the firm’s targets: WYNN, VIAB, DLTR, UAL, LUV, URBN, CBG, JNPR, MPC, NFLX, HBI, SIG, CRM, CERN, VLO, KMX, ENDP, CTSH, ISRG, ETFC, TSN, CCE, CI, REGN, GT
    | Sep. 21, 2015, 6:52 PM | 59 Comments
  • Sep. 21, 2015, 5:30 PM
  • Sep. 21, 2015, 9:22 AM
    • CarMax (NYSE:KMX) announces a multi-year deal with the University of Minnesota which includes branding opportunities at the football stadium and through digital channels.
    • The company's tie-in with the Golden Gophers is an attempt to grow its presence in the Minneapolis-St. Paul metropolitan region.
    | Sep. 21, 2015, 9:22 AM
  • Aug. 25, 2015, 10:43 AM
    • Goldman Sachs analysts say the U.S. stock market correction has many more parallels with 1998 than 2008, which “suggest[s] a rebound ahead,” while predicting the S&P 500 will rise by 11% from current levels to reach 2,100 by year's end.
    • The S&P fell 19% between July and August 1998, but "ultimately, the U.S. economy was relatively unaffected by overseas financial market gyrations in 1998, and we believe a similar situation will occur in 2015," Goldman says.
    • The correlation between U.S. economic growth and Chinese growth is relatively low, Goldman says, estimating that a one percentage point drop in Chinese growth would translate into a 0.06 pp reduction in U.S. GDP.
    • The best strategy for U.S. consumers, the bank advises, is to hold companies with high domestic revenues and avoid companies with high foreign sales.
    • Goldman's list of the 25 most oversold stocks with high U.S. sales exposure: KMX, M, WFM, CHK, SWN, RRC, COG, PXD, OKE, MPC, NAVI, ETFC, LNC, BXP, KEY, RF, DFS, ANTM, CSX, NSC, UNP, JBHT, FSLR, ADS, PAYX
    | Aug. 25, 2015, 10:43 AM | 41 Comments
Company Description
CarMax, Inc. is as a holding company which, through its subsidiaries, operates as a retailer of used vehicles and wholesale vehicle auction operator. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment consists of all aspects... More
Sector: Services
Industry: Auto Dealerships
Country: United States