CarMax, Inc. (KMX) saw a slight decline in price, currently at $38 with a price change of -15.5 cents (-0.406%). Trading volume stands at $439,867, 12.66% higher than average. Notable trading patterns suggest cautious investor sentiment.
CarMax shows a three-day downward streak with a -3.95% change, starting at $39.58. The streak reflects investor concerns impacting the stock's value.
CarMax's latest quarterly earnings released on Monday, April 13th, reported an EPS of 0.22, meeting consensus estimates. Further details on revenue and earnings are pending.
The company experienced a net change in cash of -$49.95 million, mainly attributed to debt repayment of -$711.43 million. Operating cash flow recorded at -$554.27 million, indicating cash management challenges.
CarMax reported revenue of $4.52 billion with a gross profit of $420.20 million. Operating expenses totaled $759.63 million, resulting in a net loss of -$120.68 million.
Key ratios show challenges with negative profit margins. The return on equity stands at -2.05%, reflecting profitability concerns.
CarMax's financials demonstrate mixed performance, with investors closely monitoring the company's ability to improve margins and profitability.
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.