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. (NYSE: KMX) is a Richmond, Virginia–based used car retailer that describes itself as the nation’s largest retailer of used cars and used autos. This news page collects company announcements, earnings releases, operational updates, and marketing initiatives that shape the CarMax story for investors and customers.
Readers can find detailed coverage of CarMax’s quarterly results, including trends in retail used unit sales, wholesale unit volumes, gross profit per unit, extended protection plan performance, and income from CarMax Auto Finance. The company regularly reports on how many vehicles it buys from consumers and dealers, its digital sales mix, and progress on cost-efficiency plans and SG&A reductions.
CarMax also issues news about leadership and governance, such as changes in the chief executive officer role and appointments to interim leadership positions. These updates are often accompanied by commentary from board members and executives on strategy, profitability, and brand direction.
Beyond financial metrics, CarMax’s news highlights its omni-channel customer experience, new brand positioning under the “Wanna Drive?” tagline, and marketing campaigns. Releases describe national advertising featuring professional basketball players, partnerships with the NBA and WNBA, and recognition such as being named the top automotive marketplace (online) on a Newsweek customer service list.
Operational news includes store openings in new markets, expansion of at-home pickup for vehicle sellers, and the launch of tools like Offer Watch that help customers track estimated vehicle values over time. For anyone following KMX, this page provides a centralized view of how CarMax communicates its performance, strategy, and customer-focused initiatives over time.
CarMax (KMX) reported strong Q4 FY2025 results with significant earnings growth. Net revenues increased 6.7% to $6.0 billion, driven by a 6.2% increase in retail used unit sales and 3.1% growth in wholesale units. The company achieved a fourth quarter record gross profit per retail unit of $2,322.
Total gross profit rose 13.9% to $667.9 million, while CarMax Auto Finance (CAF) income grew 8.2% to $159.3 million. Net earnings per diluted share increased 81.3% to $0.58. The company maintained its 3.7% market share of nationwide age 0-10 year old used vehicles in 2024.
Notable operational highlights include a 15.3% increase in vehicle purchases from consumers and dealers, reaching 269,000 units. Online retail sales accounted for 15% of retail unit sales, with total online transactions representing 29% of net revenues. The company repurchased $98.5 million in shares during Q4 and opened two new store locations.
CarMax (NYSE: KMX) has achieved a significant milestone by being named one of Fortune's 100 Best Companies to Work For® for the 21st consecutive year, ranking #69 in 2025. This recognition is based on anonymous survey responses from over 1.3 million U.S. employees through Great Place to Work®.
The company, America's largest used car retailer, has garnered multiple accolades including Fortune's 'Best Workplaces in Retail' and 'Most Innovative Companies.' During fiscal 2024, CarMax sold approximately 770,000 used vehicles and 550,000 wholesale vehicles, while CarMax Auto Finance originated over $8 billion in receivables.
With over 245 store locations and nearly 30,000 associates, CarMax offers competitive benefits including immediate 401(k) eligibility with 6% match, car purchase discounts, wellness benefits, and comprehensive medical plans. The company is actively hiring across various positions, including auto technicians, sales, and technology roles.
CarMax (NYSE:KMX) has announced its upcoming fourth quarter financial results release and conference call scheduled for April 10, 2025. The results, covering the period ended February 28, 2025, will be released before market opening, followed by an investor conference call at 9:00 a.m. ET.
Key executives participating include Bill Nash (CEO), Enrique Mayor-Mora (CFO), and Jon Daniels (CAF Operations). The call will be accessible via phone and webcast, with replay available through June 19, 2025.
The company's recent performance highlights include:
- Approximately 770,000 used vehicles sold in fiscal 2024
- 550,000 wholesale vehicles sold at auctions
- CarMax Auto Finance originated over $8 billion in receivables
- Nearly $17 billion portfolio maintained
- Operating network of over 245 store locations
- Workforce of nearly 30,000 associates
CarMax (NYSE: KMX), the nation's largest used car retailer, has announced a new Founding Partnership with Angel City Football Club (ACFC) as their Official Used Auto Retailer. The partnership focuses on community impact, particularly supporting youth sports programs in Los Angeles.
The collaboration includes CarMax becoming the Presenting Partner of the Angel City Camps Series, which will host ten weeks of youth soccer camps serving approximately 500 kids across LA. CarMax will also be the Presenting Partner for the annual Season Ticket Member Event, one Title Night per season, and Parking services, offering free parking to select fans at matches.
This partnership aligns with ACFC's commitment to Equity, Essentials, and Education, specifically supporting the 'Essentials' pillar to enable youth sports access. CarMax has been actively investing in women's sports since 2020 and is also a multi-year partner of the National Women's Soccer League (NWSL).
CarMax (NYSE: KMX), the nation's largest used car retailer, announced 12 in-person hiring events across the country on February 20, 2025, from 10:00 a.m. to 7:00 p.m. local time. The company is recruiting for various automotive service positions, including technicians, detailers, painters, and supply associates.
The hiring initiative includes positions for CarMax's future standalone reconditioning and auction center in El Mirage, AZ. Qualified candidates may receive on-the-spot job offers with sign-on bonuses up to $7,500 at select locations. The company offers competitive benefits including car purchase discounts, 401(k) with 6% match, wellness benefits, paid time off, and comprehensive medical plans.
CarMax has partnered with TechForce Foundation to support automotive industry students through the CarMax Scholarship Fund and has been recognized as one of FORTUNE's 100 Best Companies to Work For for 20 consecutive years.
CarMax (KMX) reported strong Q3 FY2025 results with significant earnings growth. Key highlights include:
- Net earnings per diluted share increased 55.8% to $0.81
- Total gross profit rose 10.6% to $677.6 million
- Retail used unit sales grew 5.4% with comparable store sales up 4.3%
- Wholesale units increased 6.3%
- CarMax Auto Finance income grew 7.6% to $159.9 million
- Company repurchased $114.8 million in shares
The company demonstrated positive momentum across its business model, with improvements in unit sales, margins, and CAF income. Online retail sales represented 15% of retail unit sales, while total revenue from online transactions accounted for 32% of net revenues.
The Golden State Valkyries announced CarMax (NYSE: KMX) as a Founding Partner and their official used car retailer. The partnership focuses on community impact in the Bay Area youth sector and will provide fans with exclusive behind-the-scenes content throughout the year. CarMax will present an exclusive content series and serve as the presenting sponsor for the Valkyries Expansion Draft on December 6. The partnership aims to develop young athletes, foster supportive environments, and enhance skills. CarMax joins other Founding Partners including JPMorgan Chase and Kaiser Permanente.
CarMax (NYSE:KMX) has scheduled its third quarter fiscal 2024 financial results announcement for December 19, 2024, before market opening. The company will host a conference call at 9:00 a.m. ET, featuring CEO Bill Nash, CFO Enrique Mayor-Mora, and SVP Jon Daniels.
The company's recent performance includes selling approximately 770,000 used vehicles and 550,000 wholesale vehicles during fiscal 2024. CarMax Auto Finance originated over $8 billion in receivables, contributing to its nearly $17 billion portfolio. With over 245 store locations and nearly 30,000 associates, CarMax maintains its position as the nation's largest used auto retailer.
CarMax reported positive results for Q2 FY2025, with retail used unit sales increasing 5.1% and comparable store sales up 4.3%. Key highlights include:
- Net earnings per diluted share rose 13.3% to $0.85
- Total gross profit increased 9.1% to $760.5 million
- SG&A expenses increased 4.2% to $610.6 million
- CarMax Auto Finance (CAF) income decreased 14.4% to $115.6 million
The company saw improvements in retail sales and margins, while managing SG&A costs. However, CAF faced pressure from increased loan loss provisions. CarMax repurchased $106.1 million in shares and opened two new store locations during the quarter.
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. This recognition is based on anonymous survey responses from over 1.3 million U.S. employees and data covering more than 8.2 million employees.
CarMax has also received several other accolades in 2024, including:
- Fortune Magazine's '100 Best Companies to Work For®'
- PEOPLE's '100 Companies that Care'
- Training Magazine's 'Training APEX Award'
- US Veteran's and Military Magazine's 'Top Veteran-Friendly Employer'
The company offers competitive pay and benefits, including discounts on car purchases, immediate 401(k) eligibility with a 6% match, wellness benefits, and more. CarMax is currently hiring for various positions and encourages interested candidates to apply at careers.carmax.com.