Fri, Apr 11, 3:18 PM (15 days ago)
CarMax, Inc. (KMX) reported financial performance for the fiscal year ended February 28, 2025, showing a revenue of $26.4 billion, a 0.7% decrease from the previous year. Net income was $500.6 million, a 4.5% increase from the previous year. Earnings per share were $3.21, a 6.3% increase. The company sold 789,050 used vehicles, a 3.1% increase, and 544,312 wholesale vehicles, a 0.4% decrease. Gross profit was $2.9 billion, a 6.8% increase, with a gross profit per used unit of $2,311. Operating expenses were $2.4 billion, a 6.5% increase. The company's strategic overview includes expanding its omni-channel platform, increasing market share, and enhancing digital capabilities. Future outlook is positive, with plans to open new stores and reconditioning centers, and to continue investing in technology and digital initiatives. Risk factors include competition, economic conditions, and regulatory changes. The company's financial condition is strong, with adequate liquidity and access to capital. Market position changes indicate a continued strong presence in the used car market, with a focus on increasing market share and customer satisfaction.