CarMax Group (KMX) - NYSE
  • Tue, Jun. 21, 7:57 AM
    • CarMax (NYSE:KMX) reports used vehicles unit sales rose 4% to 171,076, and +0.2% on a comparable-store basis in Q1.
    • Used vehicle sales grew 4.1% to $3.43B.
    • Total wholesale vehicle unit sales increased 1.8% to 103,462 due to growth in store base and total sales dropped 1.5% to $567.7M.
    • CarMax Auto Finance income fell 7.7% to $100.8M.
    • Average selling prices: Used vehicles: flat at $19,858, Wholesale vehicles: -3.3% to $5,268.
    • Gross margin rate expanded 40 bps to 13.9%.
    • Gross profit per used vehicle +0.1% to $2,202.
    • Gross profit per wholesale vehicle -3.6% to $995.
    • FY2017 Guidance: Capital expenditure: ~$450M; New stores: 15.
    • KMX -4.40% premarket.
    | Tue, Jun. 21, 7:57 AM | 1 Comment
  • Tue, Jun. 7, 3:56 PM
    • The Manheim Used Vehicle Value Index rose 0.6% Y/Y and 1.4% M/M in May to help give a boost today to auto retailer stocks.
    • The index rose for the first time on a year-over-year comparison since last December (per Bloomberg).
    • Sandler O'Neill analyst Crispin Love calls the used car price reading "surprisingly strong" and says the firm will look for confirmation in other data.
    • Related stocks: AutoNation (AN +2.5%), CarMax (KMX +2%), Group 1 Automotive (GPI +1%), Penske Automotive (PAG +1.6%), AutoZone (AZO +0.6%), O'Reilly Automotive (ORLY +0.6%), Monro Muffler Brake (MNRO +0.8%).
    | Tue, Jun. 7, 3:56 PM | 2 Comments
  • Tue, May 3, 10:17 AM
    • The broad automobile-related sector is slumping after the Detroit Three all post U.S. sales reports below expectations for April.
    • Hertz Global (HTZ -7.1%) and Avis Budget (CAR -5.6%) in particular are being hit hard with Avis due to report earnings after the bell and some read-through on daily rentals from GM influencing trading.
    • Retailers AutoNation (AN -2.5%), Asbury Automotive (ABG -3.3%), CarMax (KMX -1.9%), Lithia Motors (LAD -1.6%), and Group 1 Automotive (GPI -3.7%) are also lower.
    | Tue, May 3, 10:17 AM | 4 Comments
  • Thu, Apr. 7, 7:52 AM
    • CarMax (NYSE:KMX) reports sales rose 5.5% in FQ4 to $3.71B as 14 stores were added during the fiscal year. CarMax's total store count is up to 158.
    • Total used vehicle sales increased 4.0% during the quarter. Used unit sales were up 0.7% on a comparable-store basis. The average used vehicle selling price was up 2.4%.
    • Total wholesale vehicle unit sales grew 2.3% off the higher store count.
    • CarMax Auto Finance income was up 2.2% to $92.3M.
    • Gross profit per used vehicle -1.8% to $2,109.
    • Gross profit per wholesale vehicle -3% to $1,005.
    • The company plans to open 13 to 16 new stores in each of the next two years.
    • Previously: CarMax beats by $0.03, beats on revenue (April 7)
    • KMX +0.77% premarket to $53.70.
    | Thu, Apr. 7, 7:52 AM
  • Tue, Mar. 15, 10:53 AM
    • There's sharp losses in the auto dealer sector today. The negative stance from investors could be a reaction to increasing concerns on subprime auto loans.
    • Decliners: Penske Automotive (PAG -4.4%), Sonic Automotive (SAH -4%), Asbury Automotive (ABG -2.8%), CarMax (KMX -3.3%), Lithia Motors (LAD -3.6%), AutoNation (AN -3.7%), Group 1 Automotive (GPI -2.3%), Rush Enterprises (RUSHA -1.9%).
    • Previously: Shades of subprime flash warning for auto sales (Mar. 14 2016)
    • Previously: Subprime auto worry hits lenders (Mar. 15 2016)
    | Tue, Mar. 15, 10:53 AM | 1 Comment
  • 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
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