Welcome to our dedicated page for Carmax news (Ticker: KMX), a resource for investors and traders seeking the latest updates and insights on Carmax stock.
CarMax Inc. reports developments tied to its used-vehicle retail business, wholesale auctions, vehicle purchasing, extended protection products, repair activity and CarMax Auto Finance. Company updates commonly cover retail and wholesale unit trends, comparable-store sales, gross profit per unit, SG&A spending, advertising, restructuring actions and the availability and cost of capital for auto-loan financing.
CarMax news also includes digital and omnichannel car-shopping initiatives, including online buying and selling tools, as well as governance updates such as board composition, executive leadership changes and shareholder engagement. These developments reflect the company’s model of combining a national store base, online capabilities, vehicle appraisal and financing services for used-car buyers and sellers.
CarMax (NYSE: KMX) released survey findings on Gen Alpha teens as the first of this generation turn 16 and approach getting a driver’s license. According to CarMax, 80% of Gen Alpha teens ages 14–16 already have or plan to get their license as soon as legally allowed, and 68% are excited about driving. Three-quarters view a license as a major life milestone, driven by desires for independence and less reliance on parents.
The survey shows 95% of these teens expect immediate access to a vehicle once licensed, with 40% expecting their family to purchase a car for them. Despite being digital natives, 86% believe it is important to see, sit in and test drive a vehicle before purchase. CarMax highlights its omnichannel model, with online research tools, tens of thousands of vehicles including over 25,000 priced under $25,000, no-haggle pricing, CarMax Certified quality, a 10-Day Money-Back Guarantee and a 30-day limited warranty to support families buying a first car.
CarMax (NYSE: KMX) has been named one of the 2026 PEOPLE® Companies That Care, ranking #70 and marking its seventh appearance on the list. The recognition, presented by PEOPLE and Great Place To Work®, is based on confidential employee survey data and company submissions.
CarMax highlights associate‑driven community engagement: in fiscal 2026, 100% of locations participated in volunteer programs and over 75% of associates joined at least one community program. Companywide walk/run events drew more than 12,000 associates and generated $100,000 in donations split between The Mission Continues and the CarMax Associate Disaster Relief Fund. CarMax operates more than 255 stores with approximately 28,000 associates and reported fiscal 2026 sales of about 780,000 used vehicles, 540,000 wholesale units, and $8 billion in auto loan originations.
CarMax (NYSE: KMX) is working with Sierra to enhance its inbound sales call experience using Sierra’s AI, voice-enabled agents, deployed in May 2026. The agents route callers to the right destination or associate more quickly and consistently, ask clarifying questions, answer common queries like store hours and vehicle availability, and hand off to CarMax associates when needed.
According to CarMax, since launch it has seen higher call resolution and fewer unresolved calls, and it plans to add appointment-management features. The company notes this partnership extends its longstanding use of AI, including its Skye virtual assistant and a car-shopping app in the ChatGPT app store.
CarMax (NYSE: KMX) has been named a 2026 honoree of The Civic 50 by Points of Light, recognizing it as one of the top 50 community-minded companies in the US.
In fiscal 2026, 100% of locations and over 75% of associates participated in community programs.
CarMax (NYSE:KMX) reported Q1 fiscal 2027 net revenues up 6.2% to $8.0 billion, with total vehicle units up 3.3% to 392,357 and EPS of $1.31 versus $1.38.
Used retail gross profit per unit fell $230 to $2,177, while SG&A fell 3.7% and SG&A per unit improved 6.8% to $1,619. Wholesale units rose 8.4% and revenues 14.0%. CarMax Auto Finance income was $140.2 million, down 1.0%, with penetration increasing to 43.3%. CEO Keith Barr introduced a four‑pillar Strategy for Growth focused on offering, experience, transaction value and running lean.
CarMax (NYSE:KMX) will release first quarter 2026 results for the period ended May 31, 2026 before market open on June 17, 2026, followed by an earnings conference call at 8:00 a.m. ET, its new standard time.
The virtual 2026 annual shareholders meeting is set for June 23, 2026 at 1:00 p.m. ET. CarMax reports selling about 780,000 used and 540,000 wholesale vehicles in fiscal 2026, with $8 billion in auto loan originations and a nearly $16 billion finance portfolio.
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CarMax (NYSE:KMX) reported fourth-quarter and fiscal 2026 results. Combined unit sales were 303,969 (+0.7%); total net sales were $5.946B for the quarter. GAAP net loss per diluted share was ($0.85), including a $141.3M non-cash goodwill impairment; adjusted EPS was $0.34. Total gross profit declined 9.4% to $605.3M. SG&A was $611.3M; adjusted SG&A down 5.4% ex-restructuring. CAF income decreased 9.8% to $143.7M. Repurchased $50.4M in Q4 and $631.8M for the year; $1.31B remains authorized. Fiscal 2027 capex planned at ~$400M and targeted SG&A exit savings increased to $200M.
CarMax (NYSE: KMX) will add William Cobb and Jim Kessler to its Board ahead of the 2026 Annual Meeting, reflecting board refreshment and investor engagement with Starboard Value on April 9, 2026. Starboard has agreed to withdraw its director nominations following the additions.
The company reported selling about 790,000 used vehicles and 540,000 wholesale vehicles in fiscal 2025; CarMax Auto Finance originated more than $8 billion and holds a nearly $18 billion loan portfolio.
CarMax (NYSE: KMX) was named one of Fortune’s 100 Best Companies to Work For® in 2026, marking its 22nd consecutive year on the list and ranking #56. The company highlighted hiring across store and corporate roles, competitive pay and benefits, and workforce and portfolio metrics for fiscal 2025.
Fiscal 2025 figures include ~790,000 used vehicles sold, 540,000 wholesale vehicles auctioned, >$8 billion in auto loan originations, a ~$18 billion finance portfolio, >250 stores and >28,000 associates.