KMX - CarMax: Accelerating Repurchases And Laser Focused On Margins Per Unit
2024-06-21 12:58:00 ET
Summary
- CarMax, Inc.'s Q1 2025 revenues fall year-over-year, but beat consensus estimates.
- CarMax's Q1 2025 earnings show a decline in comparable sales and margins, but surpass consensus expectations.
- CarMax's repurchase program accelerates with $104 million spent in Q1, targeting five new stores for Fiscal 2025.
- The impressive focus on costs and expansion of auto finance are reasons to be bullish.
- CarMax, Inc. is a good stock for traders.
When we last covered CarMax, Inc. ( KMX ) we suggested a buy sub-$70 a few months ago when the stock got nailed following Q4 earnings . KMX is a stock that we routinely cover, as it provides some insight into both car demand and the state of the consumer, and trends in inflation in used car pricing....
CarMax: Accelerating Repurchases And Laser Focused On Margins Per Unit