From Financial Modeling Prep: 2024-09-26 08:39:00

CarMax (NYSE:KMX) shares fell 6% in pre-market despite reporting strong revenue for fiscal Q2 2025. Quarterly EPS was $0.85, meeting expectations. Net sales hit $7.01 billion, beating estimates of $6.82 billion. Used vehicle sales rose 1.5% to $5.68 billion, surpassing the projected $5.44 billion. Wholesale vehicle sales dropped 13% to $1.15 billion.

CEO Bill Nash praised CarMax’s growth in retail used unit sales, strong margins, and double-digit earnings growth. The company managed SG&A expenses well and navigated challenges from industry-wide auto loan loss pressures.



Read more at Financial Modeling Prep:: CarMax Stock Drops 6% Despite Q2 Beat