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Carmax Stock Price, News & Analysis

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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 (KMX), the nation's largest used vehicle retailer, provides transparent automotive retail experiences through its no-haggle pricing and customer-focused services. This news hub delivers official updates and market insights for informed decision-making.

Access curated press releases covering quarterly earnings, store expansions, technology initiatives, and industry partnerships. Investors gain critical insights into KMX's retail operations, financing solutions, and strategic positioning within the evolving automotive sector.

Our repository simplifies tracking KMX's corporate milestones and market responses. Bookmark this page for direct access to verified announcements, eliminating the need to search multiple sources. Return regularly to stay informed about developments impacting CarMax's role in reshaping used vehicle retail.

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CarMax (KMX) plans to hire 1,800 automotive service professionals by summer's end, starting with the inaugural Curbside Career Day on June 10, hosted at 16 locations nationwide. The event aims to meet the rising demand for used cars by conducting in-person interviews for various positions, offering potential on-the-spot job offers and sign-on bonuses.

CarMax is recognized as the largest retailer of used cars in the U.S., with over 220 stores and a commitment to maintaining a transparent, customer-focused purchasing experience.

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CarMax (NYSE: KMX) hosted a virtual Analyst Day, focusing on its digital transformation and omni-channel strategy. CEO Bill Nash emphasized the company's strong market position and ambitious growth targets. CarMax aims to increase its market share of 0- to 10-year-old vehicles to over 5% by 2025 and sell 2 million used autos annually by FY2026, projecting revenues of approximately $33 billion. The company highlights its competitive advantages, including technology, data utilization, and a customer-centric approach as key to driving future growth.

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CarMax (NYSE: KMX) will host its Virtual Analyst Day on May 6, 2021, from 9:00 a.m. to 11:30 a.m. ET. Aimed at financial analysts and institutional investors, the event will showcase CarMax's omni-channel strategy and digital initiatives. Key executives, including CEO Bill Nash and CFO Enrique Mayor-Mora, will lead discussions. The event will be webcasted live, featuring a Q&A session with management. CarMax, the largest used auto retailer in the U.S., sold over 750,000 used vehicles and $6 billion in receivables during fiscal year 2021.

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CarMax (KMX) has partnered with Dunkin’ to enhance its 24-Hour Test Drive promotion. Customers participating in the offer from now until May 16 will receive a $10 Dunkin’ gift card. The initiative aims to provide a fun and practical test drive experience, incorporating daily routines like coffee runs. Additionally, customers can enter a sweepstakes by sharing their experiences on social media. CarMax's 24-Hour Test Drives are part of its 'Love Your Car Guarantee,' which includes a 30-Day Money Back Guarantee. This collaboration aims to improve customer engagement and satisfaction.

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CarMax (NYSE:KMX) has announced the acquisition of Edmunds for an enterprise value of $404 million, expected to be finalized by June 2021. This strategic move aims to enhance CarMax's digital offerings by leveraging Edmunds' technology and content, while maintaining Edmunds' independent operations. In 2020, Edmunds generated around $140 million in revenue. The acquisition follows a $50 million investment in Edmunds in 2020 by CarMax and is anticipated to create long-term shareholder value, although the short-term impact on earnings per share is expected to be immaterial.

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CarMax, the leading used car retailer, reported a 4.1% increase in net sales to $5.16 billion for Q4 2021. However, net earnings fell by 2.3% to $209.9 million, with diluted EPS also decreasing to $1.27. Total used vehicle unit sales dropped by 0.9%, while comparable store sales declined by 2.3%. CarMax Auto Finance income surged by 68.2% due to lower loan loss provisions. The company recently signed an agreement to acquire Edmunds, enhancing its digital capabilities. Looking ahead, CarMax anticipates continued growth in sales and market share.

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CarMax (NYSE: KMX) is set to release its financial results for the fourth quarter and fiscal year ending February 28, 2021, on April 1, 2021, before market opening. A conference call with key executives, including CEO Bill Nash and CFO Enrique Mayor-Mora, will discuss these results at 9:00 a.m. ET. Investors can access the call via phone or a live audio webcast on CarMax's investor relations site. The company is known for its integrity and transparency in the used car market, having sold over 830,000 used cars during the last fiscal year.

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CarMax (NYSE: KMX) has pledged to achieve net zero carbon emissions by 2050, aligning with the Paris Agreement's climate goals. The company aims for a 50% reduction in greenhouse gas emissions by 2025, based on 2018 levels. Their strategy targets Scope 1 (own emissions) and Scope 2 (renewable energy use) emissions through various initiatives including energy conservation and renewable energy sourcing. Additionally, CarMax plans to lead in the electric vehicle market by enhancing its infrastructure and training to service used EVs.

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CarMax (NYSE: KMX) announces $500 bonuses for full-time and $250 for part-time associates to recognize their hard work amid challenges. This incentive affects over 80% of its 22,000 associates, rewarding their commitment to customer service and innovation. The company has adapted to changing market conditions by launching CarMax Curbside and other initiatives, enhancing its omni-channel platform. CarMax has been recognized as one of the FORTUNE 100 Best Companies to Work For® for 16 consecutive years and is currently hiring 1,750 new associates.

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On February 2, 2021, CarMax (NYSE:KMX) announced a Virtual Analyst Day scheduled for May 6, 2021. The event will feature presentations from key executives, including CEO Bill Nash and CFO Enrique Mayor-Mora, discussing the company's strategy and digital initiatives. A Q&A session will follow, allowing analysts and investors to engage. CarMax continues to lead the market with over 830,000 used cars sold in the last fiscal year and is recognized as one of the Fortune 100 Best Companies to Work For® for 16 consecutive years.

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FAQ

What is the current stock price of Carmax (KMX)?

The current stock price of Carmax (KMX) is $67.27 as of July 9, 2025.

What is the market cap of Carmax (KMX)?

The market cap of Carmax (KMX) is approximately 10.5B.
Carmax

NYSE:KMX

KMX Rankings

KMX Stock Data

10.55B
149.44M
0.36%
111.07%
7.35%
Auto & Truck Dealerships
Retail-auto Dealers & Gasoline Stations
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United States
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