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) reported challenging second quarter fiscal 2026 results, with notable declines across key metrics. The company saw a 5.4% decrease in retail used unit sales and a 6.3% decline in comparable store sales. Net earnings per diluted share fell to $0.64 from $0.85 year-over-year.
Notable financial metrics include gross profit per retail used unit of $2,216 and CAF income decrease of 11.2% to $102.6 million. The company purchased 293,000 vehicles, down 2.4% year-over-year, and repurchased $180.0 million in shares. CarMax announced plans for SG&A reductions of at least $150 million over the next 18 months and launched a new brand positioning campaign "Wanna Drive?"
CarMax (NYSE: KMX) has achieved significant recognition for its workplace culture, securing the #6 position on Fortune's 2025 Best Workplaces in Retail list for the 11th consecutive year. The company also ranked #38 on PEOPLE magazine's Companies that Care list, marking its fifth appearance.
These accolades underscore CarMax's commitment to maintaining a people-first culture and community engagement. Chief Human Resources Officer Craig Cronheim emphasized the company's dedication to fostering a supportive and welcoming environment for its associates.
CarMax (NYSE:KMX), the nation's largest used auto retailer, has scheduled its second quarter fiscal 2025 earnings conference call for September 25, 2025. The company will release financial results before market open, followed by a conference call at 9:00 a.m. ET.
The call will feature CEO Bill Nash, CFO Enrique Mayor-Mora, and CarMax Auto Finance EVP Jon Daniels. In fiscal 2025, CarMax sold 790,000 used vehicles and 540,000 wholesale vehicles, while CarMax Auto Finance originated over $8 billion in receivables, contributing to its $18 billion portfolio.
CarMax (NYSE:KMX), the nation's largest used car retailer, has unveiled a new brand positioning and tagline "Wanna Drive?" replacing its 20-year-old slogan. The initiative showcases CarMax's omni-channel experience, allowing customers to seamlessly shop online, in-store, or switch between both.
The company is launching a creative campaign featuring the CarMax House Band, with spots across TV, streaming, social, digital, and audio platforms. The campaign emphasizes customer empowerment and control in the car-buying journey. CarMax reports its highest-ever Net Promoter Score since rolling out nationwide digital capabilities, driven by record-high satisfaction among online and hybrid shoppers.
With over 250 stores nationwide and 50,000+ cars in inventory, CarMax offers features like express pickup, home delivery within 60 miles of select stores, and a two-minute online car buying offer valid for seven days.
CarMax (NYSE:KMX) has announced its upcoming first quarter financial results conference call scheduled for June 20, 2025, before market open. The call, featuring CEO Bill Nash, CFO Enrique Mayor-Mora, and CarMax Auto Finance EVP Jon Daniels, will begin at 9:00 a.m. ET. Additionally, the company will hold its 2025 Annual Meeting of Shareholders virtually on June 24, 2025, at 1:00 p.m. ET.
As the nation's largest used auto retailer, CarMax sold approximately 790,000 used vehicles and 540,000 wholesale vehicles during fiscal 2025. CarMax Auto Finance originated over $8 billion in receivables, contributing to its nearly $18 billion portfolio. The company operates 250 store locations and employs over 30,000 associates.
CarMax (NYSE: KMX) has renewed its front-of-jersey sponsorship with Richmond Ivy Soccer Club for the 2025 season. The team unveiled their new 'Woven Together Kits' featuring custom designs in Midnight and Mint colorways, manufactured by hummel Pro North America. The announcement highlights CarMax's commitment to community involvement, including sponsorships of various Richmond sports teams and the naming rights for CarMax Park, set to open in 2026.
The new kits showcase intricate designs symbolizing community interconnectedness, with the primary jersey featuring a Midnight base with dark green leaves and mint accents, while the secondary kit displays a mint green base with climbing ivy motifs. The jerseys will debut at the team's season opener on May 10, 2025, against Virginia Beach United at City Stadium.
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.
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