Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the ...

CarMax Today KMX CarMax $77.29 -0.92 (-1.18%) 52-Week Range $59.66 ▼ $88.22 P/E Ratio 30.19 Price Target $78.92 Add to Watchlist Shares of CarMax Inc. NYSE: KMX jumped by over 15.3% in a single day following the company's latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars. This divergence drives stocks like CarMax into a potential profit cycle today. Similar trends can be seen in parts ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended August 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-31420 CARMAX, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | |----------------------------------------------------------|-----------|- ...

Last June, I wrote an article about CarMax, Inc. (NYSE: KMX ) called I Would Not Make a Long-Term Investment , in which I said that I didn't see any competitive advantages and found the My primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a ...

文章核心观点 - 公司正在适应汽车行业的变化,专注于改善客户体验以保持作为全美最大二手车经销商的领导地位 [1] - 公司正在推出一系列举措,如数字化工具和全渠道销售模式,以使购车过程更加顺畅 [2] - 公司的汽车金融业务面临行业性挑战,但有信心应对 [4] 根据相关目录分别进行总结 公司业务表现 - 批发销售下降12.7%,但整体车辆销售增加2.9% [3] - 零售二手车销量增加5.1%,同店销售增加4.3% [3] - 在线零售销量占总零售销量的15%,较去年同期的14%有所增加 [3] - 在线交易(包括零售和批发)收入占总收入的29%,较去年同期的31%有所下降,主要是由于批发车辆平均售价下降12.9% [3] 公司战略举措 - 推出数字化工具,使客户可以在线上和线下无缝衔接购车过程 [2] - 优化订单处理系统,确保无论客户是在线上还是线下开始购车,都能获得一致的服务 [2] - 推出购物车功能,让客户可以查看整个交易历史,增强与公司的联系 [2] 汽车金融业务 - 汽车金融业务收入下降14.4%,主要是由于行业范围内贷款损失准备金增加 [4] - 推出基于信贷的购物工具,使超过80%的客户可以快速获得信贷决定,减少购买过程中的摩擦 [4] - 公司表示对目前的贷款组合状况感到满意,并将继续谨慎管理 [4]

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 Performance CarMax's used-vehicle net sales tota ...

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, The ...

文章核心观点 - 二季度CarMax零售车辆销量增加,收益和收入超出预期 [1][2] - 同店销量同比增长4.3% [3] - CEO Bill Nash表示尽管行业面临"汽车贷款损失压力",但公司仍取得了积极的业绩 [4] 公司经营情况 - 二季度零售车辆销量增加5.1%至211,020辆,批发车辆销量下降0.3%至141,458辆 [3] - 同店销量同比增长4.3% [3] - 零售车辆毛利为每辆2,269美元,批发车辆毛利为每辆975美元,与上年同期持平 [3] - 公司在该期间购买了30万辆车,增加2.9%,其中从经销商购买增加61.4%,从消费者购买下降1.2% [3] 行业情况 - CEO表示公司正在应对"行业范围内的汽车贷款损失压力" [4]

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-overyear 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 exp ...