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 announced a significant expansion of its annual #GivingTuesday initiative, empowering all 27,000+ associates to donate to nonprofits of their choice. Starting November 30, associates receive a $50 electronic “Care Card” to contribute, potentially raising donations to over $1 million, doubling last year's total of $650,000. This initiative builds on last year's success, which supported 6,500 organizations across the U.S. The Care Cards are valid until January 31, 2022, with unredeemed funds directed to the CarMax Associate Disaster Relief Fund.
CarMax (NYSE: KMX), the largest used car retailer in the U.S., announced plans to hire 3,700 positions by year-end, focusing on permanent roles to enhance customer experience and ecommerce capabilities. Job openings span various sectors, including over 1,400 auto technicians, 700 customer service roles, and 150 tech positions. CarMax aims to attract candidates with competitive pay, sign-on bonuses, and comprehensive benefits, highlighting its recognition as one of FORTUNE's 100 Best Companies to Work For®.
CarMax reported a record net revenue of $8.0 billion for Q2 2021, a 48.7% increase year-over-year. Total vehicle sales reached 419,895 units, up 19.9%, supported by strong demand for used cars. Retail used unit sales rose 6.7% to 231,797 vehicles, while wholesale sales surged 41.4% to 188,098 units. Despite these gains, diluted earnings per share declined to $1.72 from $1.79, attributed to last year's COVID savings. The company is on track to enhance its online customer experience and maintains a strong share repurchase program.
CarMax, Inc. (NYSE:KMX) is set to release its financial results for Q2 ending August 31, 2021, on September 30, 2021, before market opening. A conference call with key executives, including CEO Bill Nash and CFO Enrique Mayor-Mora, will take place at 9:00 a.m. ET to discuss the results. Interested parties can access the call by dialing (888) 298-3261. A webcast will also be available on the company’s investor relations website. CarMax has sold over 750,000 used vehicles in FY 2021 and has a portfolio of nearly $14 billion in receivables.
CarMax (NYSE: KMX) reported strong first quarter results for fiscal 2022, ending May 31. Net revenues surged to $7.70 billion, a 138.4% increase year-over-year, with net earnings per diluted share reaching $2.63, up from $0.03 in the previous year. Total vehicle sales rose 128%, with 452,188 units sold, supported by robust demand for used vehicles. CarMax Auto Finance income increased to $241.7 million. The company also emphasized its acquisition of Edmunds, aiming for enhanced customer experience and growth opportunities.
CarMax (NYSE:KMX) will announce its financial results for Q1 ending May 31, 2021, on June 25, 2021. The report will be followed by a conference call at 9:00 a.m. ET featuring CEO Bill Nash and CFO Enrique Mayor-Mora. The call can be accessed at (888) 298-3261 or via webcast at investors.carmax.com. Additionally, the annual shareholders' meeting is set for June 29, 2021, at 1:00 p.m. ET, also held virtually, with access via the same website.
CarMax continues to lead the used car market, with over 750,000 vehicles sold in fiscal year 2021.
CarMax (KMX) plans to hire 1,800 automotive service professionals by summer's end, starting with the inaugural Curbside Career Day on June 10, hosted at 16 locations nationwide. The event aims to meet the rising demand for used cars by conducting in-person interviews for various positions, offering potential on-the-spot job offers and sign-on bonuses.
CarMax is recognized as the largest retailer of used cars in the U.S., with over 220 stores and a commitment to maintaining a transparent, customer-focused purchasing experience.
CarMax (NYSE: KMX) hosted a virtual Analyst Day, focusing on its digital transformation and omni-channel strategy. CEO Bill Nash emphasized the company's strong market position and ambitious growth targets. CarMax aims to increase its market share of 0- to 10-year-old vehicles to over 5% by 2025 and sell 2 million used autos annually by FY2026, projecting revenues of approximately $33 billion. The company highlights its competitive advantages, including technology, data utilization, and a customer-centric approach as key to driving future growth.
CarMax (NYSE: KMX) will host its Virtual Analyst Day on May 6, 2021, from 9:00 a.m. to 11:30 a.m. ET. Aimed at financial analysts and institutional investors, the event will showcase CarMax's omni-channel strategy and digital initiatives. Key executives, including CEO Bill Nash and CFO Enrique Mayor-Mora, will lead discussions. The event will be webcasted live, featuring a Q&A session with management. CarMax, the largest used auto retailer in the U.S., sold over 750,000 used vehicles and $6 billion in receivables during fiscal year 2021.
CarMax (KMX) has partnered with Dunkin’ to enhance its 24-Hour Test Drive promotion. Customers participating in the offer from now until May 16 will receive a $10 Dunkin’ gift card. The initiative aims to provide a fun and practical test drive experience, incorporating daily routines like coffee runs. Additionally, customers can enter a sweepstakes by sharing their experiences on social media. CarMax's 24-Hour Test Drives are part of its 'Love Your Car Guarantee,' which includes a 30-Day Money Back Guarantee. This collaboration aims to improve customer engagement and satisfaction.
