CarMax Group
 (KMX)

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  • Aug. 13, 2014, 1:09 PM
    | Aug. 13, 2014, 1:09 PM | 25 Comments
  • Jul. 18, 2014, 2:43 PM
    • Buried inside an economic report from the Richmond Federal Reserve this week is an interesting tidbit on the auto industry.
    • As part of its scan of the economic horizon for the Beige Book, the bank noted the massive wave of automobile industry recalls has only had a "slight adverse" impact on sales. Customer traffic was still up and new car sales strong on solid pricing.
    • The read from Richmond is consistent with recent U.S. sales reports from major automakers, although with a slight disconnect existing between a "sale" and a "delivery" in the industry the confirmation is noteworthy.
    • Chaos theory: Some industry analysts think recalls can actually spur sales as safety is teed up as a consumer issue and older cars replaced.
    • Related auto stocks: GM, F, TM, OTCPK:FIATY, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, TTM, TSLA, AN, KMX, SONC.
    | Jul. 18, 2014, 2:43 PM | 18 Comments
  • Jun. 26, 2014, 1:34 PM
    • There's still plenty of cyclical growth left within the U.S. auto market, argues KeyBanc's Brett Hoselton, starting coverage on CarMax (KMX +2.7%) with a Buy and $62 PT.
    • Hoselton predicts CarMax will outperform the industry thanks to high off-lease user car sales, the maturing of recently-opened stores, and 15 planned 2015 store openings.
    • Auto auction firm KAR (KAR +1.4%) is also higher.
    | Jun. 26, 2014, 1:34 PM
  • Jun. 24, 2014, 3:44 PM
    • A coalition of consumer groups has asked the FTC to investigate the marketing claims of CarMax (KMX -3.3%).
    • The company stands accused of not fixing vehicles which have been recalled,  despite advertising a deep inspection of all the cars it sells.
    • Senator Charles Schumer has also taken up the issue.
    | Jun. 24, 2014, 3:44 PM
  • Jun. 20, 2014, 12:45 PM
    | Jun. 20, 2014, 12:45 PM | 1 Comment
  • Jun. 20, 2014, 12:19 PM
    • CarMax (KMX +17.6%) rallies to an all-time high off of a strong FQ1 report.
    • The read from analysts on the quarter is that the company is showing broad sales growth in multiple channels.
    • Management is also being lauded for squeezing out more profit per car than rivals.
    | Jun. 20, 2014, 12:19 PM
  • Jun. 20, 2014, 9:14 AM
    | Jun. 20, 2014, 9:14 AM | 2 Comments
  • Jun. 20, 2014, 7:48 AM
    • CarMax (KMX) reports total vehicles sales rose 9.8% in FQ1.
    • Used vehicle sales +13.3% to $3.06B on prices on average 3.2% higher.
    • New vehicle sales +33.1% to $69.8M on prices on average 0.1% lower.
    • The company's gross profit rate fell 10 bps to 13.4%.
    • KMX +10.3% premarket
    | Jun. 20, 2014, 7:48 AM | 2 Comments
  • Jun. 20, 2014, 7:41 AM
    • CarMax (KMX): Q1 EPS of $0.76 beats by $0.09.
    • Revenue of $3.75B (+13.3% Y/Y) beats by $160M.
    | Jun. 20, 2014, 7:41 AM
  • Jun. 19, 2014, 5:30 PM
  • Apr. 28, 2014, 3:56 PM
    • CarMax (KMX +0.5%) ended its sponsorship of the Los Angeles Clippers after racist statements were attributed to the pro basketball team's owner, Donald Sterling.
    • The company had been a sponsor of the NBA team for the last nine years.
    | Apr. 28, 2014, 3:56 PM | 2 Comments
  • Apr. 14, 2014, 11:14 AM
    • Knight Transportation (KMX +2.1%) raises its Q1 EPS guidance to $0.22-$0.23 vs. $0.19-$0.21 prior and $0.20 consensus.
    • The company says demand is picking up for its capacity.
    | Apr. 14, 2014, 11:14 AM | 1 Comment
  • Apr. 4, 2014, 7:56 AM
    • CarMax (KMX) reports same-store sales rose 7% in FQ4.
    • Used vehicle gross profit per unit remained level for the company during the period at $2,141.
    • Earnings were pinched by an accounting correction to CarMax's extended-service plan.
    • The company boosts its buyback plan by $1B.
    • KMX -3.3% premarket
    | Apr. 4, 2014, 7:56 AM | 1 Comment
  • Apr. 4, 2014, 7:03 AM
    • CarMax Group (KMX): Q4 EPS of $0.44 misses by $0.09.
    • Revenue of $3.08B (+8.8% Y/Y) misses by $100M.
    | Apr. 4, 2014, 7:03 AM
  • Apr. 4, 2014, 12:05 AM
  • Apr. 3, 2014, 5:30 PM
Company Description
CarMax Inc together with its wholly owned subsidiaries is engaged in sales of used vehicles in the United States. It operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance.
Sector: Services
Country: United States