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CarMax Group (KMX)

  • Dec. 19, 2013, 5:30 PM
  • Nov. 14, 2013, 10:28 AM
    • Markel's (MKL) Tom Gayner added five new stocks to the company portfolio in the last quarter, and he likes fertilizers and private equity, buying 150K shares of Mosaic (MOS) and 70K shares of Potash (POT), 100K shares of Apollo Global (APO), 105K shares of Apollo Group (APOL), and 10K shares of Copart (CPRT). In addition to the Apollo Global purchase, he greatly boosted stakes in KKR, Blackstone (BX), and Carlyle Group (CG).
    • He completely sold out of positions in Quaterra Resources (QMM) and Union First Market Bankshares (UBSH).
    • CarMax (KMX) remains his portfolio's top holding at 8.4%, but Gayner did cut his stake by 1.46%.
    | Comment!
  • Nov. 8, 2013, 7:05 AM
    • The Manheim Used Vehicle Value Index fell 50 bps M/M to 122.3 in October as prices were pressured by an increase in off-lease vehicle volume and retired rental cars.
    • Analysts expect used car prices to remain pressured into 2014.
    • Related stocks: KMX, CRMT, AN, KAR.
    | Comment!
  • Oct. 22, 2013, 3:21 PM
    • Sonic Automotive (SAH -4.8%) plans to use new used-car specialty stores in an apparent attempt to compete with CarMax (KMX -0.9%) head-on.
    • A new Sonic store in Denver will be positioned less than 5 miles from the local CarMax.
    • During today's earnings conference call, VP Jeff Dyke said that 100 stores would be the tip of the iceberg. (transcript)
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  • Oct. 8, 2013, 6:52 AM
    • The Mannheim Used Vehicle Index rose 1.7% Y/Y to 122.8 to mark the fourth consecutive month the gauge of used car prices rose.
    • Used pickup prices increased 7.4% during the month.
    • Related stocks: KMX, CRMT, AN, KAR.
    | Comment!
  • Sep. 25, 2013, 11:00 AM
    • CarMax (KMX -2.6%) slips after Goldman Sachs downgrades the company to a Neutral rating from Buy.
    • After a solid period of performance, Goldman analysts think CarMax will run up against tougher comparables and slower earnings growth.
    | 1 Comment
  • Sep. 24, 2013, 8:05 AM
    • CarMax (KMX) reports total used vehicle unit sales increased 21% and comparable store used units rose 16% during its FQ2.
    • SG&A expenses per retail unit fell $174 to $2,067 as the company's scale helped leverage costs.
    • 17 new superstores are planned to be opened by CarMax within the next 12 months. (PR)
    | Comment!
  • Sep. 24, 2013, 7:38 AM
    • CarMax (KMX): Q2 EPS of $0.62 beats by $0.06.
    • Revenue of $3.25B (+18% Y/Y) beats by $0.09B. (PR)
    | Comment!
  • Sep. 24, 2013, 12:05 AM
  • Sep. 23, 2013, 5:30 PM
  • Jun. 21, 2013, 9:10 AM
    Premarket gainers: SPRD +22%. NVGN +12%. KMX +8%. THRX +7%. MTL +7%.
    Losers: IDIX -35%. ORCL -8%. AHT -5%.
    | Comment!
  • Jun. 21, 2013, 7:48 AM
    More on CarMax's (KMX) FQ1: Used unit sales at comparable stores rose 17% to mark the company's best gain in several years. The company says improvements in execution at its store contributed to the strong quarter as well as a more favorable consumer credit atmosphere. New vehicle sales dropped 5.5% while wholesales vehicle sale rose 4.9%. KMX +1.5% premarket. (PR)
    | Comment!
  • Jun. 21, 2013, 7:36 AM
    CarMax (KMX): Q1 EPS of $0.64 beats by $0.06. Revenue of $3.31B (+19% Y/Y) beats by $0.16B. (PR)
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  • Jun. 21, 2013, 12:05 AM
    Notable earnings before Friday’s open: KMX, DRI
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  • Jun. 20, 2013, 5:30 PM
    Notable earnings before Friday’s open: KMX, DRI
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  • Apr. 10, 2013, 11:31 AM
    More on CarMax (KMX +2.9%) (previous: I, II): The company delivered a Y/Y increase in profit during Q4 but a larger disturbing trend could be in play with comparable used-car sales falling 6% during the period after Q3 saw a 12% gain. What to watch: Did the delay in tax refunds significantly affect the number of consumers purchasing used vehicles or is a larger shift of buyers preferring to buy new cars instead of used cars playing out?
    | Comment!
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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