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.
CarMax (NYSE: KMX) and Gotham FC have extended their multi-year marquee partnership, with CarMax remaining as the front-of-kit sponsor for the women's soccer club. The partnership, which began in 2022, includes CarMax's role as presenting partner for the regular season, Fan Fest, and regional game broadcasts.
The collaboration has yielded significant results, including:
- 27% increase in Gotham's social media following
- 67% rise in average home game attendance
- Doubling of season ticket holders since 2023
- 36 percentage points growth in unaided partnership awareness for CarMax
As part of the 2026 partnership expansion, CarMax will invest in new digital content, parking incentives, and community programs including free-to-play youth soccer clinics. The CarMax Kids program has already served over 530 young people with free tickets and transportation to games, now adding complimentary meal vouchers.
CarMax (NYSE: KMX) has released new data showing significant shifts in used electric vehicle (EV) shopping trends. Monthly EV-filtered searches on carmax.com have nearly doubled from January 2022 to February 2025, while average used EV prices dropped by over 40% compared to a 12% decrease for non-EVs.
Key findings from September 2024 to February 2025 reveal that Tesla Model 3 and Model Y remain the top-selling used EVs, while Ford F-150 Lightning and Rivian R1T pickup trucks joined the top 10 list. Sedans and coupes have overtaken SUVs as the most common trade-ins for EVs, with Toyota leading trade-in brands followed by Honda and Ford.
Oregon has surpassed California as the state with the highest percentage of EV sales relative to total vehicle sales at CarMax. Utah, New Mexico, Minnesota, and New Jersey have newly entered the top 10 states for EV sales proportion.
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.
