KMX Stock Recent News

The Investment Committee debate the latest Calls Of The Day and Jim Lebenthal responds to Sarat Sethi selling out of General Motors

Shares of CarMax Inc. NYSE: KMX jumped by over 15.3% in a single day following the company's latest quarterly earnings release. Investors in the know are already aware of what is happening to the car market, particularly the divergences between used cars and new cars.

As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation's largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on Thursday (Sept.

KMX fiscal second-quarter earnings miss the Zacks Consensus Estimate while revenues beat the same.

CarMax Inc (NYSE:KMX) shares moved higher after the used car retailer posted mixed earnings for the second quarter. Its earnings per share (EPS) of $0.85 fell shy of estimates of $0.86, but marked an improvement from $0.75 in the year-ago period.

CarMax (KMX) shares drove higher Thursday after the biggest U.S. used car retailer posted better-than-anticipated results on higher retail vehicle sales.

U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Thursday.

Used car retailer CarMax missed Wall Street estimates for second-quarter profit on Thursday as price cuts on used vehicles boosted unit sales but kept margins depressed.

CarMax posts second-quarter sales of $7.01 billion, beating estimates of $6.83 billion but falling 0.9% from a year earlier.

The used-car retailer's fiscal second-quarter sales topped estimates — but it was not enough to offset pressure on its car-loan business.