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Aug 31, 2024
CarMax Q2 2025 Earnings Report
CarMax experienced positive retail used unit growth and a double-digit earnings increase.
Key Takeaways
CarMax reported a 5.1% increase in retail used unit sales and a 4.3% increase in comparable store used unit sales. Net earnings per diluted share increased by 13.3% to $0.85. The company repurchased $106.1 million in shares of common stock.
Retail used unit sales increased by 5.1%, and comparable store used unit sales increased by 4.3%.
Gross profit per retail used unit was $2,269, and gross profit per wholesale unit was $975, both in line with the previous year.
The company bought 300,000 vehicles from consumers and dealers, up 2.9% from the previous year.
Net earnings per diluted share increased by 13.3% to $0.85.
CarMax
CarMax
CarMax Revenue by Segment
Revenue by Segment
Used Vehicles Revenue
CapyFin.comWholesale Vehicles Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
CarMax plans to release results for the third quarter ending November 30, 2024, on Thursday, December 19, 2024, before the opening of trading on the New York Stock Exchange. A conference call for investors will be hosted at 9:00 a.m. ET on that date.
Revenue & Expenses
Visualization of income flow from segment revenue to net income