CarMax is a leading retailer of used cars in the United States, specializing in providing a streamlined purchasing experience for customers. The company operates a network of physical stores where customers can browse a wide selection of high-quality, pre-owned vehicles, often incorporating innovative technology to enhance the shopping experience. In addition to traditional in-store sales, CarMax offers online car buying options, allowing customers to research, finance, and purchase vehicles from the comfort of their homes. Their focus on transparency and customer service is evident in their no-haggle pricing policy, ensuring that buyers receive competitive prices without the pressure often associated with car buying. Read More
Curious about the market action on Monday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Shares of used automotive vehicle retailer Carmax (NYSE:KMX)
jumped 5.8% in the afternoon session after the company reported impressive fiscal first-quarter 2026 results, which beat analysts' same-store sales and gross margin expectations. This led to nice EPS outperformance versus Wall Street's estimates. Growth was driven by a ramp in volumes of retail used and wholesale vehicles sold. Overall, this was a solid quarter, showing management is executing as expected.
As we await the opening of the US market on Friday, let's delve into the pre-market session and discover the S&P500 top gainers and losers shaping the early market sentiment.
Used automotive vehicle retailer Carmax (NYSE:KMX) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 6.1% year on year to $7.55 billion. Its GAAP profit of $1.38 per share was 18.3% above analysts’ consensus estimates.
