News
- CarMax Inc. dropped 0.2% to $66.30 after the used car retailer reported results for the fiscal fourth quarter of 2025 ending in February.
Revenue increased to $6.00 billion from $5.63 billion, net income surged to $89.87 million from $50.27 million, and diluted earnings per share rose to 58 cents from 32 cents a year ago.
CarMax sold 301,811 retail and wholesale used vehicles in the quarter, an increase of 4.9% from the same period a year ago.
The average price for a car edged up, snapping an eight-quarter streak of declines.
For the quarter to Feb. 28, CarMax said the average selling price for used cars was $26,133, up 0.6% from the same period a year ago.
Wholesale vehicles’ price was up 0.1% to $8,044 in the quarter from $8,034 a year ago.
For the full year, revenue edged down to $26.35 billion from $26.54 billion, net income jumped to $500.5 million from $479.2 million, and diluted earnings per share climbed to $3.21 from $3.02 a year earlier.
The annual price of used vehicles declined 2.8% to $26,273 from $27,028 in 2024, while the annual price of wholesale vehicles edged down 7.9% to $8,019 from $8,707 a year ago.
The company repurchased $98.5 million shares in the fourth quarter, and as of February 28, the car dealer had $1.94 billion remaining available for repurchase under authorization.
Shares of CarMax were headed for their worst day in nearly three years on Thursday, and the used-car retailer said it was putting its long-term goals on hold because of the uncertainty surrounding the economy.
Apr 10, 2025 - CarMax declined 7.2% to $73.65 after the used car retailer reported weaker-than-expected quarterly results.
Revenue in the fiscal fourth quarter ending in February declined 1.7% to $5.6 billion from $5.7 billion, net income dropped to $50.3 million from $69.0 million, and diluted earnings per share decreased to 32 cents from 44 cents a year ago.
Retail unit sales in the quarter increased 1.3% to 172,057 units from 169,884 units, and wholesale vehicle sales decreased 4% to 115,546 from 120,330.
The average sale price of a used vehicle decreased 2.3% to $25,985 and that of a that of a wholesale vehicle fell 3.2% to $8,034 from $8,297 a year ago, respectively.
The company pushed back its long-term goal of selling 2 million vehicles in a year to between fiscal years 2026 and 2030, citing macroeconomic uncertainties.
The company repurchased 685,600 shares for $49.3 million at the end of the fiscal fourth quarter, and as of February 29, had $2.36 billion available for repurchase under the outstanding authorization.
In fiscal year 2025, the company intends to "modestly accelerate the pace of share repurchases," above the pace that was implemented in the third quarter of fiscal year 2024.
Apr 11, 2024
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Price
- Last Close
-
$ 80.06
-1.43 %
-1.16
Jan 3, 2025
- Trading Volume
- 67,748
- 52-Week High/Low
- $87 - $60
- Market Cap Full
- $ 13.5B
- YTD
- -2%
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| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | -2.1% | 13.5% | 5.6% | -25.9% | 42.5% | -5% | 11.3% | -3.4% | -8% | -5.3% | - |
| Q2 | - | -14.6% | 30.2% | -6.2% | -4% | 4% | 24.9% | 21.6% | 6.5% | -4.1% | - |
| Q3 | - | 1% | -15.5% | -27% | -0.9% | 8% | -0.1% | 1.3% | 20.2% | 8.8% | - |
| Q4 | - | 6.3% | 10% | -7.8% | 1.8% | 2.8% | 0.3% | -14.9% | -16.3% | 20.7% | - |
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| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -2.1% | - | - | - | - | - | - | - | - | - | - | - |
| 2024 | -7.2% | 10.8% | 10.4% | -21.5% | 2.8% | 4.3% | 15.2% | 1% | - | - | - | -2.7% |
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| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KMX | -2% | 7% | 26% | -53% | 38% | 8% | 40% | -2% | -0% | 19% | -19% |
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