As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation’s largest used car dealer.Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on Thursday (Sept. 26) reported a 2.9% increase in overall vehicle sales for the second quarter ending Aug. 31. CEO Bill Nash emphasized the company’s priority on creating a seamless, omnichannel shopping experience is vital to i ...

CarMax Inc. (KMX) reported second-quarter fiscal 2025 (ended Aug. 31, 2024) adjusted earnings per share of 85 cents, which missed the Zacks Consensus Estimate of 86 cents. The bottom line, however, rose from 75 cents per share recorded in the year-ago period. The auto retailer registered revenues of $7 billion in the quarter under review, which beat the Zacks Consensus Estimate of $6.85 billion. The top line, however, contracted 0.9% year over year.Segmental PerformanceCarMax’s used-vehicle net sales totale ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysCarMax posted an increase in retail unit sales in the second quarter, and earnings and revenue came in above estimates.Comparable store unit sales increased 4.3% year-over-year.CEO Bill Nash noted the positive results came even as the industry faced "auto loan loss pressure." CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales. The company reported fiscal 2025 second-quarter earnings per share ( ...

财务数据和关键指标变化 - 总销售额为70亿美元,同比下降1%,主要受到零售和批发价格下降的影响,但零售销量增加抵消了部分影响 [7] - 零售销量同比增长5.1%,二手车同店销量增长4.3% [7] - 平均售价下降约1,250美元或5% [7] - 二手车零售毛利润率为2,269美元/台,与去年持平 [8] - 批发毛利润率为975美元/台,与去年持平 [8] 各条业务线数据和关键指标变化 - 零售业务:总销量增加5.1%,同店销量增长4.3%,平均售价下降5% [7][8] - 批发业务:批发销量略有下降0.3%,平均售价下降13% [8] - CarMax Auto Finance(CAF):收入同比下降14%,主要受到贷款损失准备金增加的影响 [9][17] 各个市场数据和关键指标变化 - 公司没有提供具体的市场数据和关键指标变化 公司战略和发展方向及行业竞争 - 公司继续优化在线和全渠道零售体验,提升客户和员工体验 [22][23][24] - 公司正在评估物流网络,寻求进一步提高效率 [24][25] - 公司正在测试全信用等级的贷款模型,扩大在次级和高级信用等级客户群的覆盖 [21] 管理层对经营环境和未来前景的评论 - 管理层对当前市场环境和未来前景持乐观态度,认为公司有能力在当前环境下实现销售和利润增长 [25][26] - 管理层表示将继续优化客户体验和提高运营效率,增强公司的竞争优势 [26] 其他重要信息 - 公司在第二季度回购了140万股,总回购额度剩余21.5亿美元 [15] - 公司可能会在未来几个季度内产生不超过1000万美元的一次性物流相关费用,但将通过提高物流效率来抵消这些费用 [15] 问答环节重要的提问和回答 问题1 **Seth Basham 提问** 询问公司第三季度到目前的销量趋势 [28][29] **Bill Nash 回答** 第三季度销量趋势与第二季度持平,略有下滑,但仍保持正增长,主要受到一些工作日数变化的影响 [29] 问题2 **Jon Daniels 回答** 公司将谨慎有序地进入次级和高级信用等级客户群,并将密切关注信贷表现,适时调整策略 [31][32] 问题3 **Sharon Zackfia 提问** 询问CAF业务的盈利能力及未来趋势 [36][37][38][39][40] **Jon Daniels 和 Enrique Mayor-Mora 回答** CAF的净息差保持稳定,但贷款损失准备金增加对利润产生一定压力,未来随着利率下降和信贷表现改善,CAF的盈利能力有望逐步恢复 [37][38][39][40]

CarMax (KMX) reported $7.01 billion in revenue for the quarter ended August 2024, representing a year-over-year decline of 0.9%. EPS of $0.85 for the same period compares to $0.75 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.85 billion, representing a surprise of +2.38%. The company delivered an EPS surprise of -1.16%, with the consensus EPS estimate being $0.86.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

CarMax (KMX) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.16%. A quarter ago, it was expected that this used car dealership chain would post earnings of $0.99 per share when it actually produced earnings of $0.97, delivering a surprise of -2.02%.Over the last four quarters, the ...

销售业绩 - 零售二手车销量增长5.1%，同店销量增长4.3%[2] - 从消费者和经销商处共购买30万辆车，同比增长2.9%[2] - 其中从消费者处购买26.9万辆，同比下降1.2%；从经销商处购买3.1万辆，同比增长61.4%[2] 毛利率 - 二手车单车毛利2,269美元，批发车单车毛利975美元，均与去年持平[2] - 延保计划(EPP)毛利增长69美元/单车至575美元，维修服务毛利增长84美元/单车[2] - 三个月期间毛利为7.61亿美元，毛利率为10.8%，同比上升1个百分点[22] - 六个月期间毛利为15.52亿美元，毛利率为11.0%，同比上升0.7个百分点[22] - 第三季度毛利为7.60亿美元，毛利率为10.8%，同比上升1个百分点[41] 费用管控 - 销售、一般及管理费用(SG&A)同比增长4.2%至6.106亿美元，占毛利比重下降至80.3%[8] - 三个月期间销售、一般及管理费用为6.11亿美元，占总毛利的80.3%[26] - 六个月期间销售、一般及管理费用为12.49亿美元，占总毛利的80.5%[26] - 第三季度销售、一般及管理费用为6.11亿美元，占净收入的8.7%，同比上升0.4个百分点[41] 汽车金融业务 - 汽车金融(CAF)收入同比下降14.4%至1.156亿美元，主要由于贷款损失准备金增加所致[9] - 三个月期间CAF收入为1.16亿美元，占总收入的1.6%[22] - 六个月期间CAF收入为2.63亿美元，占总收入的1.9%[22] - 第三季度CarMax Auto Finance业务收入为1.16亿美元，同比下降14.4%[41] 盈利情况 - 每股收益0.85美元，同比增长13.3%[3] - 三个月期间税前利润为1.78亿美元，同比上升12.3%[22] - 三个月期间净利润为1.33亿美元，同比上升12.0%[22] - 第三季度净利润为1.33亿美元，同比增长11.9%[41] - 第三季度每股摊薄收益为0.85美元，同比增长13.3%[41] - 前三季度净利润为2.85亿美元，同比下降17.8%[41] - 前三季度每股摊薄收益为1.82美元，同比下降16.5%[41] 资产负债情况 - 公司现金及现金等价物为5.25亿美元，较上年同期增加0.35%[45] - 公司汽车贷款净额为174.14亿美元，较上年同期增加2.44%[45] - 公司营业租赁资产为4.96亿美元，较上年同期下降8.32%[45] - 公司存货为33.98亿美元，较上年同期下降11.48%[45] - 公司资本支出为2.13亿美元，较上年同期增加1.41%[46] - 公司偿还长期债务3.06亿美元，较上年同期增加27.55%[46] 其他 - 在第二季度回购了1.4百万股，剩余回购额度为21.5亿美元[11] - 公司三个月期间总收入为70.14亿美元，同比下降0.9%[22] - 公司六个月期间总收入为141.27亿美元，同比下降4.3%[22] - 公司第三季度净收入为70.14亿美元，同比下降0.9%[41] - 前三季度净收入为141.27亿美元，同比下降4.3%[41] - 公司净收益为2.85亿美元，较上年同期下降17.75%[46] - 公司折旧及摊销费用为1.42亿美元，较上年同期增加11.76%[46] - 公司计提贷款损失准备为1.94亿美元，较上年同期增加13.55%[46] - 公司计提退货准备为4930万美元，较上年同期增加9.11%[46]

CarMax, Inc. KMX will release earnings results for its second quarter, before the opening bell on Thursday, Sept. 26.Analysts expect the Richmond, Virginia-based company to report quarterly earnings at 86 cents per share, up from 75 cents per share in the year-ago period. CarMax is projected to post quarterly revenue of $6.79 billion, according to data from Benzinga Pro.On June 21, the company reported a first-quarter FY25 total net sales and operating revenues decline of 7.5% year-on-year to $7.11 billion, ...

RICHMOND, Virginia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- CarMax (NYSE: KMX) has been named to Fortune magazine’s 2024 Fortune Best Workplaces in Retail™ list for the 10th consecutive year, ranking #6 in the large company category. Earning a spot on this prestigious list means that CarMax is one of the country's best companies to work for. “We are immensely proud of CarMax’s associates for their dedication and hard work. This award is a testament to their unwavering commitment and the supportive culture we ha ...