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Carmax Inc - KMX STOCK NEWS

Welcome to our dedicated news page for Carmax (Ticker: KMX), a resource for investors and traders seeking the latest updates and insights on Carmax.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Carmax's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Carmax's position in the market.

News
CarMax Unveils Latest Trends in Used EV Shopping
Rhea-AI Summary
CarMax, Inc. (NYSE: KMX) releases consumer trends in used electric vehicle (EV) shopping, revealing a 177% increase in monthly search volume for EVs on CarMax.com from January 2021 to February 2024. The Tesla Model 3, Tesla Model Y, and Nissan LEAF remain the top three popular EVs, with a decrease in luxury models. Prices for top EV models have dropped by $3,000 to $5,000 on average, attracting more consumers. California leads in EV sales, while the East Coast shows a rising interest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
none
-
News
CarMax Reports Fourth Quarter and Fiscal Year 2024 Results
Rhea-AI Summary
CarMax, Inc. (NYSE:KMX) reported Q4 results with $5.6B net revenues, down 1.7% YoY. Retail used unit sales increased 1.3%, while wholesale units declined 4.0%. SG&A expenses rose by 1.4%, and CAF income grew by 18.9%. CEO highlighted progress in omni-channel experience and data science utilization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.23%
Tags
earnings
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News
CarMax Announces Fourth Quarter Conference Call
Rhea-AI Summary
CarMax, Inc. (NYSE:KMX) will announce its Q4 financial results on April 11, 2024. The conference call will feature key executives discussing the results. Investors can access the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.04%
Tags
none
News
Gotham FC Announces CarMax as Jersey-Front and Marquee Partner
Rhea-AI Summary
NJ/NY Gotham FC and CarMax announced an expanded partnership, making CarMax the Marquee Partner to elevate women in sports. The agreement includes prominent logo placement on Gotham FC jerseys, community initiatives, and surprise-and-delight fan experiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.65%
Tags
none
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News
CarMax Reports Third Quarter Fiscal 2024 Results
Rhea-AI Summary
CarMax, Inc. (NYSE:KMX) reported Q3 results with net revenues of $6.1 billion, down 5.5% YoY. Retail used unit sales decreased 2.9% and comparable store used unit sales declined 4.1%. CEO Bill Nash emphasized the positive impact of omni-channel investments on the business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.18%
Tags
earnings
-
News
CarMax Introduces its First All-Electric Semi-Truck into Logistics Fleet
Rhea-AI Summary
CarMax, Inc. (NYSE: KMX) announces pilot of its first all-electric semi-truck in California's San Joaquin Valley. The truck can transport up to seven vehicles at one time and travel an estimated 230 miles on a single charge. CarMax aims to reduce greenhouse gas emissions by 50% by 2025 and achieve net zero carbon emissions by 2050.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.58%
Tags
none
News
CarMax Announces Third Quarter Conference Call
Rhea-AI Summary
CarMax, Inc. (NYSE:KMX) will report its Q3 financial results on December 21, 2023, and host a conference call with investors. Participants include Bill Nash, president and CEO, Enrique Mayor-Mora, EVP, CFO, and Jon Daniels, SVP, CAF Operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.4%
Tags
none
-
News
CarMax Celebrates 30-Year Anniversary by Ringing the NYSE Closing Bell October 10
Rhea-AI Summary
CarMax celebrates 30 years of revolutionizing the used car industry by ringing the Closing Bell® at the New York Stock Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.49%
Tags
none
-
News
CarMax Reports Second Quarter Fiscal 2024 Results
Rhea-AI Summary
CarMax reports Q2 results, with net revenues of $7.1B, down 13.1% YoY. Retail used unit sales decreased 7.4%, comparable store used unit sales declined 9.0%, and wholesale units declined 11.2% from the prior year. Gross profit per retail used unit was $2,251, similar to last year. SG&A expenses decreased 12.1%. CAF income decreased 26.2% due to compression in net interest margin. Net earnings per diluted share was $0.75, down from $0.79 a year ago. CarMax intends to resume share repurchases in Q3.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.4%
Tags
earnings
News
CarMax Announces Second Quarter Conference Call
Rhea-AI Summary
CarMax, Inc. (NYSE:KMX) to report Q2 results on September 28, 2023. Conference call with investors at 9:00 a.m. ET. Access details in PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
none
Stock KMX logo
Carmax Inc

NYSE:KMX

KMX Rankings

#760 Ranked by Market Cap
#2238 Ranked by Stock Gains
N/A Ranked by Dividends

KMX Stock Data

11.26B
156.83M
0.33%
109.46%
12.11%
Used Car Dealers
Retail Trade
Link
US
Richmond

About KMX

we always knew there had to be a better way to buy used cars. one that would make the process easy and fun. so we created carmax, and we've been changing the way america buys cars since we opened our first store in richmond, virginia in 1993. through hard work and dedication, we've grown from that one store in richmond to more than 150 stores across the country. we are selling almost 600,000 vehicles a year. and the news is buzzing with stories about carmax, the experience we offer our customers, and the work environment we provide for our associates. in fact, we know our associates are fundamental to our success and are the key to our future growth. in fact, carmax is listed on the fortune® 500 list, and we've been named one of fortune's "100 best companies to work for" 11 years running. we're also named as one of training magazine's top training 125 year after year. in 2015, we were also recognized by great place to work® and fortune as one of the 50 best workplaces for diversity