Carmax Stock Price, News & Analysis

CarMax (NYSE:KMX) will report third-quarter results for the period ended November 30, 2025 before the market opens on December 18, 2025 and will host a conference call at 9:00 a.m. ET.

Company executives on the call include Tom Folliard, David McCreight, Enrique Mayor-Mora and Jon Daniels. Live access is by phone ((800) 225-9448 US; (203) 518-9708 international) using conference ID 3171396, and via live webcast at investors.carmax.com. A webcast replay will be available through April 13, 2026.

Recent company metrics: ~790,000 used vehicles sold in fiscal 2025, 540,000 wholesale vehicles at auction, >$8 billion in auto finance originations added to a ~$18 billion portfolio, >250 stores and >28,000 associates.

CarMax (NYSE: KMX) opened its first Arkansas store on Nov 20, 2025 in Rogers at 6360 South Dixieland Road, bringing nearly 30 jobs to the area.

The new 11,500 sq ft location increases CarMax's nationwide footprint to 255 stores across 42 states and can stock about 500 used vehicles. CarMax highlights its omni-channel shopping and selling options, including online offers in two minutes, seven-day offer holds, express pickup, and the new Offer Watch tool. The company also noted community engagement via the CarMax Foundation and said it employs about 28,000 associates and has 21 years on the Fortune 100 Best Companies to Work For list.

CarMax (NYSE: KMX) on Nov 18, 2025 launched nationwide at-home pickup for selling vehicles and introduced Offer Watch, a free tool that tracks a car’s value with monthly updates. Customers can get an online offer in two minutes that is valid for seven days, schedule at-home pickup where available, or use express drop-off at 250+ locations to complete a sale in under 30 minutes. Offer Watch provides monthly value estimates based on market conditions, projected mileage, and recent offer data. CarMax said it will buy a customer’s vehicle even if they don’t purchase another car, and highlighted its nationwide online inventory of more than 45,000 cars.

CarMax (NYSE: KMX) launched a multi-year advertising partnership with WNBA star Paige Bueckers and NBA star Donovan Mitchell as part of its renewed “Wanna Drive?” campaign, announced Nov 17, 2025.

The campaign’s new spots highlight CarMax’s digital tools—AI virtual assistant Skye, express pickup, and an at-home pickup option rolled out to the majority of customers—and will run across linear sports (ABC, CBS, ESPN), Amazon Prime, Peacock, YouTube, Meta, and TikTok.

Bueckers and Mitchell will also take part in personal appearances, community engagements, and activations to connect with fans and promote CarMax’s customer-centric buying and selling experience.

CarMax (NYSE: KMX) named Board member David McCreight as Interim President and CEO and appointed Tom Folliard as Interim Executive Chair, effective Dec 1, 2025. Current CEO Bill Nash is stepping down and a search for a permanent CEO is underway.

CarMax provided a preliminary outlook for the fiscal Q3 ending Nov 30, 2025: comparable store used unit sales down 8%–12%, and diluted EPS of $0.18–$0.36 (including $0.09 of non‑recurring charges). The company cited retail unit sales declines, wholesale depreciation and materially higher marketing spend. Full Q3 results to be reported Dec 18, 2025.

CarMax (NYSE: KMX) was named the #1 automotive marketplace (online) on Newsweek’s America’s Best Customer Service 2026 list on Nov. 3, 2025.

The recognition highlights CarMax’s customer‑centric omni‑channel buying and selling experience—online, in‑store, or a blend of both—and cites an all‑time high Net Promoter Score (NPS) for vehicle purchasers since the company deployed digital capabilities nationwide.

CarMax said record‑high satisfaction among online buyers and mixed online/in‑store customers drove the NPS increase; the company reiterated its commitment to continuous innovation in customer experience.

CarMax (NYSE:KMX) reported challenging second quarter fiscal 2026 results, with notable declines across key metrics. The company saw a 5.4% decrease in retail used unit sales and a 6.3% decline in comparable store sales. Net earnings per diluted share fell to $0.64 from $0.85 year-over-year.

Notable financial metrics include gross profit per retail used unit of $2,216 and CAF income decrease of 11.2% to $102.6 million. The company purchased 293,000 vehicles, down 2.4% year-over-year, and repurchased $180.0 million in shares. CarMax announced plans for SG&A reductions of at least $150 million over the next 18 months and launched a new brand positioning campaign "Wanna Drive?"

CarMax (NYSE: KMX) has achieved significant recognition for its workplace culture, securing the #6 position on Fortune's 2025 Best Workplaces in Retail list for the 11th consecutive year. The company also ranked #38 on PEOPLE magazine's Companies that Care list, marking its fifth appearance.

These accolades underscore CarMax's commitment to maintaining a people-first culture and community engagement. Chief Human Resources Officer Craig Cronheim emphasized the company's dedication to fostering a supportive and welcoming environment for its associates.

CarMax (NYSE:KMX), the nation's largest used auto retailer, has scheduled its second quarter fiscal 2025 earnings conference call for September 25, 2025. The company will release financial results before market open, followed by a conference call at 9:00 a.m. ET.

The call will feature CEO Bill Nash, CFO Enrique Mayor-Mora, and CarMax Auto Finance EVP Jon Daniels. In fiscal 2025, CarMax sold 790,000 used vehicles and 540,000 wholesale vehicles, while CarMax Auto Finance originated over $8 billion in receivables, contributing to its $18 billion portfolio.