CARMAX INC (KMX) CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and luxury models, in addition to hybrid and electric options. Customers also have the opportunity to purchase extended protection plans at the time of their vehicle acquisition. Separately, CarMax sells older, higher-mileage vehicles—typically around ten years old with over 100,000 miles—via wholesale auctions. Furthermore, CarMax delivers reconditioning and repair services for its vehicles. For its retail clients, the company facilitates a range of financing alternatives designed to accommodate diverse credit profiles, managed both by its internal CarMax Auto Finance segment and through arrangements with various external financial institutions. As of February 28, 2022, CarMax operated a network comprising approximately 230 retail locations specializing in used cars. Founded in 1993, CarMax, Inc. maintains its corporate headquarters in Richmond, Virginia.
Sector: Retail-Auto Dealers & Gasoline Stations
Industry: Auto - Dealerships
CarMax, Inc. NYSE:KMX Consumer Cyclical · Auto - Dealerships
AH Close $51.55 +0.00% vs close
AH Close $51.55 +0.00% vs close
All Press Release SEC Filings News
Press Release
CarMax Recognized as a Fortune 2026 Best Workplaces in Retail
CarMax was named one of the 2026 Fortune Best Workplaces in Retail, ranking #6 among large companies and making its 12th consecutive appearance on the list.
The recognition is based on employee survey data compiled by Great Place To Work and is an employer-brand honor, not a financial disclosure.
Company boilerplate notes roughly 780,000 used vehicles and 540,000 wholesale vehicles sold in fiscal 2026, with CarMax Auto Finance originating $8 billion in loans against a $16 billion portfolio.
• 5d ago AI analysis › SEC Filing
KMX: 8-K · leadership change
CarMax appointed Darren W. Woodell as Vice President, Controller and Chief Accounting Officer, effective November 11, 2026. He was previously VP and Controller (principal accounting officer) at Genworth Financial and is a CPA licensed in Virginia and Florida. Incumbent CFO Enrique N. Mayor-Mora continues as CFO, so this is a routine accounting-officer succession with no disclosed strategic or financial impact.
SEC 8-K • 6d ago AI analysis › Press Release
CarMax to Host Strategic Update Webcast on November 3, 2026
CarMax will host a Strategic Update webcast on November 3, 2026, from 8:00 to approximately 9:30 a.m. ET.
CEO Keith Barr, CFO Enrique Mayor-Mora, and CarMax Auto Finance EVP Jon Daniels will discuss the company's Shift into GEAR strategy, growth priorities, and multi-year financial framework.
This is a calendar announcement with no new financial disclosures; the content of the November webcast may matter more than this notice itself.
• 25d ago AI analysis › SEC Filing ⚠ 5
KMX: 10-Q · periodic report
CarMax reported a strong second quarter of fiscal 2027, with net revenues up 19.5% to $7.88 billion and diluted EPS up 81.3% to $1.16, driven by 13.8% used unit growth and 13.0% comparable store sales gains.
Management said improved leverage allowed it to resume share buybacks in the third quarter of fiscal 2027 at a modest pace, with $1.31 billion remaining under its $2 billion authorization.
Company still expects full-year used margins to decline by less than $200 per unit, targets $200 million in SG&A exit-rate savings by end of fiscal 2027, and expects roughly $50 million of pension termination settlement charges split across Q3 and Q4.
A pending securities class action (Cap v. CarMax) was transferred to the Eastern District of Virginia; CarMax has moved to dismiss and says the claims are without merit.
SEC 10-Q • 25d ago AI analysis › News
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CarMax, Inc. (KMX) Q2 2027 Earnings Call Transcript
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Compared to Estimates, CarMax (KMX) Q2 Earnings: A Look at Key Metrics
zacks.com • 26d ago News
What CarMax (KMX) Said on Its Q2 Earnings Call
marketbeat.com • 26d ago News
CarMax earnings surge as used vehicle sales jump
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CarMax Jumps 6% as Quarterly Earnings Hit $1.16 per Share and Buybacks Set to Resume; Carvana Rises 3%, Lithia Motors Ticks Up
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CarMax (KMX) Tops Q2 Earnings and Revenue Estimates
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barrons.com • 26d ago Press Release
CarMax Announces Leadership Appointments to Further Unify End-to-End Customer Experience, Advance Strategy for Growth
CarMax named Elizabeth Dirgins as EVP, Chief Digital and Customer Officer, a newly created role effective October 5 unifying the end-to-end customer experience across marketing, product and Edmunds teams.
Jeff Campbell, a ten-year CarMax veteran, was promoted to SVP of Strategy, leading a newly centralized function combining strategy, data science, AI and pricing teams.
Both report to President and CEO Keith Barr, and CarMax will host a virtual Strategic Update on November 3 with more detail on its Shift into GEAR growth strategy.
• 26d ago AI analysis › Press Release ● Critical ⚠ 3
CarMax Reports Second Quarter Fiscal 2027 Results
CarMax reported Q2 FY27 net revenues of $7.9 billion, up 19.5% year-over-year, with combined retail and wholesale unit sales of 387,735, up 14.7%.
Diluted EPS jumped 81.3% to $1.16 from $0.64, as CAF income rose 32.1% to $135.6 million on lower loan-loss provisions and SG&A per unit improved 8.8%.
Pricing actions continued to compress unit economics — retail GPU fell $111 to $2,105 and wholesale GPU fell $135 to $858 — but volume growth and EPP margin gains more than offset the pressure.
The company said it will resume share repurchases at a modest level in Q3 FY27 ($1.31B remaining on authorization) and will host a virtual Strategic Update on November 3 to detail its Shift into GEAR growth strategy.
• 26d ago AI analysis › News
CarMax (KMX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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CarMax (KMX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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A New Hollywood? Plus, CarMax Cuts Jobs Again
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CarMax Cuts 145 Corporate Jobs in Third Layoff Round in 11 Months
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CarMax Cuts Jobs for Third Time in 12 Months Amid Soft Auto Market
wsj.com • 1mo ago News
Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q2 Earnings
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CarMax: The Share Price Has Risen Faster Than The Underlying Business (Earnings Preview)
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zacks.com • 1mo ago Press Release
CarMax Announces Second Quarter Conference Call
CarMax will report financial results for its second quarter ended August 31, 2026 before the market opens on September 29, 2026, followed by an investor conference call at 8:00 a.m. ET.
CEO Keith Barr, CFO Enrique Mayor-Mora, and CarMax Auto Finance EVP Jon Daniels are scheduled to participate; the call will be webcast at investors.carmax.com, with a replay available through December 16, 2026.
This is a scheduling notice containing no results or guidance; boilerplate context notes roughly 780,000 used vehicles sold and $8 billion of CarMax Auto Finance loan originations in fiscal 2026.
• 1mo ago AI analysis › News
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CarMax, Inc. (NYSE:KMX) Receives $51.00 Average Target Price from Analysts
defenseworld.net • 1mo ago Press Release
Gen Alpha Turns 16: New CarMax Survey Reveals the Next Generation of Drivers Is Ready to Get Behind the Wheel
CarMax released a survey of Gen Alpha teens revealing that 80% plan to get their driver's license as soon as legally allowed, signaling a potential demand surge for used vehicles compared to Gen Z trends.
The data indicates that 95% expect immediate access to a vehicle and 86% value the ability to physically inspect and test drive a car, bolstering the case for CarMax's omnichannel retail presence.
The company cited FY2026 metrics of 780,000 used vehicles sold and 780,000 wholesale units sold, positioning itself to serve this new generation of drivers across its 255 locations.
• 2mo ago AI analysis › Press Release
CarMax Named one of the 2026 PEOPLE® Companies That Care
CarMax was named to the 2026 PEOPLE Companies That Care list, ranking #70 and marking the company’s seventh appearance on the annual ranking.
The award highlights the company's associate-driven culture, noting that 100% of CarMax locations participated in volunteer programs and over 75% of associates engaged in community initiatives during fiscal 2026.
In its recently completed fiscal year, CarMax sold approximately 780,000 used vehicles and originated $8 billion in auto loans, adding to a $16 billion finance portfolio.
• 2mo ago AI analysis › News
CarMax (KMX) is a Top-Ranked Value Stock: Should You Buy?
zacks.com • 2mo ago Press Release
CarMax Teams with Sierra to Enhance Inbound Sales Call Experience
CarMax partnered with AI platform Sierra to deploy voice-enabled agents for inbound customer calls, improving routing speed and answering common questions like store hours.
Since the May launch, the system has increased call resolution rates and reduced unresolved calls, with future plans to support appointment scheduling.
CITO Shamim Mohammad stated the technology frees associates to focus on complex guidance, aligning with CarMax's history of leveraging AI like its virtual assistant Skye.
• 2mo ago AI analysis › News
Are Investors Undervaluing CarMax (KMX) Right Now?
zacks.com • 2mo ago SEC Filing
KMX: 8-K · leadership change
CarMax announced that Diane Cafritz, Executive Vice President and Chief Innovation and People Officer, will leave the company effective December 31, 2026.
Following her departure, Ms. Cafritz will enter into a consulting agreement with the company from January 1, 2027, through June 30, 2027. In exchange for her services, she will receive total compensation of $360,500.
The company also amended her severance agreement, modifying the payout structure to 1.5 times her base salary plus her actual fiscal year 2027 annual bonus.
SEC 8-K • 2mo ago AI analysis › News
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zacks.com • 3mo ago Press Release
CarMax Recognized as One of the 50 Most Community-Minded Companies in the US
CarMax was named a 2026 honoree of The Civic 50 by Points of Light, recognizing the nation's top community-minded companies for excellence in employee volunteering, community investment, and social impact strategy.
In fiscal year 2026, 100% of CarMax locations participated in volunteer programs and more than 75% of associates engaged in one or more community programs.
The recognition accompanies CarMax's broader fiscal 2026 footprint: approximately 780,000 used vehicles and 540,000 wholesale vehicles sold, with CarMax Auto Finance originating $8 billion in loans against a $16 billion portfolio across 255+ stores and ~28,000 associates.
• 3mo ago AI analysis › News
Is It Too Late to Buy CarMax Inc (KMX) After 4.2% Rally? GF Value Says Undervalued
gurufocus.com • 4mo ago News
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zacks.com • 4mo ago SEC Filing
KMX: 8-K · proxy statement
At the 2026 Annual Meeting of Shareholders, the company elected twelve directors, including Keith Barr and Peter J. Bensen, to serve one-year terms. Shareholders also ratified the selection of KPMG LLP as the independent registered public accounting firm for fiscal year 2027 and approved a non-binding advisory resolution regarding executive compensation.
Shareholders approved the amended and restated CarMax, Inc. 2002 Stock Incentive Plan. The amendments increase the share reserve by 1,842,000 shares, implement a minimum one-year vesting requirement for most incentive awards, prohibit dividends on unvested awards, and extend the plan's expiration date to June 23, 2036.
SEC 8-K • 4mo ago AI analysis › SEC Filing ⚠ 3
KMX: 10-Q · periodic report
CarMax reported fiscal first-quarter 2027 results with net sales and operating revenues rising 6.2% to $8.01 billion, driven by a 4.7% increase in used vehicle revenues. Despite the top-line growth, net earnings fell 11.8% to $185.6 million and diluted EPS dropped 5.1% to $1.31, primarily due to a 9.5% decrease in used vehicle gross profit per unit as the company implemented pricing actions to drive sales volume.
Operational metrics showed total used unit sales remained flat at 230,293 units while wholesale unit sales increased 8.4% to 162,064 units. The company continued its cost-cutting initiatives, reducing SG&A expenses by 3.7% to $635.2 million and maintaining its target of $200 million in SG&A savings by the end of fiscal 2027, although some savings will be offset by annualized compensation expenses.
Liquidity and capital management remained a focus, with the company pausing share repurchases as leverage sits slightly above its targeted range. Post-quarter, CarMax entered into a new $500 million term loan maturing in 2029 to pay down revolver borrowings, bringing total debt to $18.16 billion as of May 31, 2026.
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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
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CarMax Drops 7% Despite Earnings Beat, Carvana Tumbles 8% on Used-Car Margin, Credit Fears
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CarMax, Inc. (KMX) Q1 2027 Earnings Call Transcript
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CarMax tops first-quarter revenue estimates on higher prices, wholesale demand
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CarMax Profit Falls Despite Higher Sales
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CarMax Stock Rises. Used-Car Retailer Tops Earnings Estimates.
barrons.com • 4mo ago Press Release ⚠ 3
CarMax Reports First Quarter Fiscal 2027 Results
CarMax reported fiscal Q1 net revenues of $8.0 billion, up 6.2% year-over-year, driven by a 3.3% increase in combined retail and wholesale unit sales to 392,357 units.
Despite the revenue growth, net earnings per diluted share fell to $1.31 from $1.38 in the prior year, as gross profit per retail used unit declined $230 due to ongoing pricing actions intended to boost sales trends.
CEO Keith Barr introduced a new four-pillar strategic framework aimed at driving growth, while the company paused share repurchases during the quarter, retaining $1.31 billion under its existing authorization.
• 4mo ago AI analysis › News
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zacks.com • 4mo ago SEC Filing
KMX: 8-K · leadership change
CarMax, Inc. announced that Jill Livesay, its Vice President, Controller, and Principal Accounting Officer, will retire effective July 31, 2026. The company confirmed that her departure is voluntary and not the result of any disagreements regarding operations, policies, or accounting principles.
Enrique N. Mayor-Mora, the current Executive Vice President and Chief Financial Officer, has been appointed as the new Principal Accounting Officer effective upon Livesay’s retirement. Mayor-Mora has served at CarMax for 15 years and will assume the additional PAO duties without any adjustment to his compensation.
SEC 8-K • 4mo ago AI analysis › News
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