CarMax Group
 (KMX)

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  • 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
  • Jun. 19, 2015, 7:55 AM
    • CarMax (NYSE:KMX) reports used unit sales in comparable stores increased 4.9% in Q1.
    • Total wholesale vehicle unit sales rose 4.7% due to growth of the company's store base.
    • CarMax Auto Finance income grew 15.3% to $109.1M.
    • Average selling prices: Used vehicles -1.6% to $19,851, New vehicles +0.9% to $26,997, Wholesale vehicles flat at $5,449.
    • Gross profit per used vehicle was flat at $2,200.
    • Gross profit per new vehicle -120 bps to $371.
    • FY2016 Guidance: Capital expenditure: ~$360M.
    | Jun. 19, 2015, 7:55 AM
  • May 14, 2015, 9:19 AM
    | May 14, 2015, 9:19 AM
  • Apr. 2, 2015, 9:13 AM
    | Apr. 2, 2015, 9:13 AM
  • Apr. 2, 2015, 7:39 AM
    • CarMax (NYSE:KMX): Q4 EPS of $0.65 beats by $0.05.
    • Revenue of $3.51B (+14.0% Y/Y) beats by $10M.
    • Shares +1.84% PM.
    | Apr. 2, 2015, 7:39 AM
  • Mar. 4, 2015, 8:12 AM
    • Shares of CarMax (NYSE:KMX) are feeling some pressure early on from a Baird downgrade.
    • The investment firm shifts to a Neutral position on the auto retailer from Outperform with the stock stalled out in the $65-$68 range over the last few months.
    • KMX -1.5% premarket to $66.38.
    | Mar. 4, 2015, 8:12 AM
  • Dec. 19, 2014, 9:11 AM
    | Dec. 19, 2014, 9:11 AM | 7 Comments
  • Dec. 19, 2014, 8:04 AM
    • CarMax (NYSE:KMX) reports used unit sales in comparable stores increased 7.4% in Q3.
    • Wholesales vehicle unit sales improved 10.0% as increased appraisal traffic and the growth of the company's store base.
    • Average selling prices: Used vehicles +2.3% to $19,914, New vehicles -1.4% to $27,056, Wholesale vehicles flat at $5,124.
    • Gross profit per used vehicle +15.2% to $2,172.
    • Gross profit per new vehicle +14.8% to $927
    • FY2015 Guidance: Capital expenditure: ~$300M.
    • KMX +6.39% premarket.
    | Dec. 19, 2014, 8:04 AM
  • Oct. 10, 2014, 5:36 PM
    • Top gainers, as of 5:15 p.m.: APH +7.8%. TEL +6.1%. SPWR +5.0%. URI +4.6%. MHR +4.5%.
    • Top losers, as of 5:15 p.m.: SFLY -6.9%. APT -4.9%. SPN -3.6%. BSBR -2.3%. KMX -1.6%.
    | Oct. 10, 2014, 5:36 PM | 2 Comments
  • Oct. 2, 2014, 9:40 AM
    • There's more than passing interest in the auto retailer/dealership group over Warren Buffett's acquisition of Van Tuyl Group.
    • Analysts have already tapped the sector as ripe for M&A opportunities before Buffett skipped into the fray.
    • AutoNation (AN +2.2%), CarMax (KMX +1.5%), Sonic Automotive (SAH +3.5%), Lithia Motors (LAD +7.1%), Penske Automotive (PAG +3.4%), Group 1 Automotive (GPI +3.5%), Asbury Automotive (ABG +5.5%), Rush Enterprises (RUSHA) are all higher in early action.
    • Related: Strong comps at AutoNation.
    | Oct. 2, 2014, 9:40 AM | 12 Comments
  • Sep. 23, 2014, 12:45 PM
    | Sep. 23, 2014, 12:45 PM
  • Sep. 23, 2014, 9:10 AM
    | Sep. 23, 2014, 9:10 AM
  • 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. 20, 2014, 12:45 PM
    | Jun. 20, 2014, 12:45 PM | 1 Comment
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