KMX Carmax Inc

$KMX Added today at $51.71. Revenue increased 19% YoY last quarter. EPS increased 81% YoY. I trust the SEC filings over some random Stocktwits account who has been posting that "lots are ghost towns" since the stock was trading in the 30s.

$KMX new cars so attractive incentive- none goes to Karmax anymore $35 incoming tomorrow at open

Bank of America upgraded CarMax to Buy from Underperform and raised its price target to $65 from $50, citing improved price competitiveness amid greater transparency in the used-car market. Shares rose more than 3% premarket. Analysts Alexander Perry and Jack Joyce expect sustained positive comparable sales after CarMax’s used-unit sales increased 13% in fiscal Q2, versus a 2% industry decline. BofA attributed the outperformance partly to the FTC’s pricing-transparency rules introduced in May, which require dealers to advertise final prices rather than exclude hidden fees. CarMax says the rules account for roughly half of its improved price competitiveness, with further gains expected as compliance increases. BofA’s survey found CarMax prices 0.3% above the market average, compared with Carvana at 1.2% below and franchised dealers at 0.1% below. $KMX

$KMX if this holds where 20SMA is still below 50SMA after today I imagine this will gradually sell off until next earnings. The efficiencies now look great until they head into the fall with lower inventory, lower GPU and trying to trade off by having lower SGA and payroll costs. Going to have to sell a ton of warranties and financing to keep the trends going with worsening outlook for auto sales since rates are so high. Tough hurdle this winter.

$KMX BofA double upgraded CarMax to Buy from Underperform today, target to 65 dollars from 50. Pretty unusual move, and it's not really a demand call. FTC enforcement on all-in pricing since May is forcing rivals to advertise the fees CarMax already included. Used unit comps were up 13% in fiscal Q2, public peers were down 4% on average. Nov. 3 strategy update is next.

$KMX — In June, the CFO pledged price competitiveness "through more efficient operations, rather than lowering GPU." This quarter that phrase is absent from prepared remarks. When analysts ask, it returns with a FY 2028 date and a new qualifier: "we do not necessarily need to go down that route as the first selection." Comps grew 13%, with management attributing roughly half to FTC enforcement tailwinds and half to internally controlled actions — including the margin reduction that funded the pricing. CAF penetration fell to 40.9% from 42.6% a year ago, against a June yardstick of "progress will be measured by our ability to grow penetration." $200M SG&A savings upgraded from target to commitment. #TheGapReport

$KMX earnings: up 7.5% after the used car retailer posted better-than-expected second-quarter results. Year to date, KMX is up over 50%

$KMX anyone have the actual earning release? Did actual net charge offs increase while the provision decreased? Are they expecting more defaults In this current economy and provisioning for it?

$KMX CarMax reported strong Q2 FY2027 results. Revenue rose 19.5% to $7.9B, while diluted EPS climbed 81.3% to $1.16 from $0.64 a year earlier. Combined retail and wholesale unit sales increased 14.7% to 387,735. Retail gross profit per unit fell $111 to $2,105 as CarMax cut prices to boost sales. The company plans to resume modest share buybacks in Q3 and will hold a strategy update Nov. 3. (Source: CarMax)

$KMX carmax by me are ghost towns. Last 2 weekends visited 2 separate in the PNW. Both equally empty. In fact wife noted we were the ONLY customers. Everyone else staff sitting around. Decided to buy private party.

$KMX no way. Was at carmax this weekend and it was a ghost town. Wouldn’t touch this with your money. Back to 30’s

$KMX cut about 145 corporate jobs last week — roughly 4% of its white-collar staff — as the used-car retailer continues a cost-cutting turnaround in a weak market. https://www.wsj.com/business/autos/carmax-cuts-jobs-for-third-time-in-12-months-amid-soft-auto-market-c49169dd

$KMX before you buy go visit a Carmax. See what I see. Absolutely empty with all the salespeople just sitting at their desks. I’m telling ya these used car lots R coming way down! Not to mention the Repos and fierce competition. Sub 30’s

I looked at the business behind $KMX (CARMAX INC) for you. Based on financial data and reported results. At what market price would buying or selling $KMX make sense to you? #KMX #CARMAX

$KMX Q2 '27 Earnings Results & Recap • Reported GAAP EPS of $1.16 up 81.25% YoY • Reported revenue of $7.88B up 19.46% YoY • CarMax remains on track to achieve targeted SG&A reductions of $200M in exit rate savings by the end of fiscal 2027, per its stated target.

$KMX The turnaround quarter I was watching came through. CarMax posted Q2: EPS 1.16 vs the Street’s 0.73, revenue 7.88 billion vs 7.09 billion expected. The two numbers that mattered into the print: combined used-unit sales up 14.7% to 387,735, and gross profit per used car at 2,105, down only 111 from last year and above the 2,022 consensus. The signal the tape is reading: management said it will resume buybacks at a modest level in Q3. You don’t restart the repurchase program if last year’s inventory and pricing mess is still bleeding. Barr’s cost-cut cadence is showing up too. SG&A fell to 8.0% of revenue from 9.1% a year ago. Up about 3.5% premarket to 58.50. Tracking this into the Q3 print.

Big put blocks hitting $KMX ahead of earnings, shifting the options tape defensive Spotted 1,600 contracts at $55 and 1,000 at $52.50 strikes on InsiderFinance, dominating today's ~$759k premium Institutions are paying up for downside protection Stock's only ~0.5% lower over 5 days but options momentum is ~36x normal Looks like event-risk positioning, not trend-following Watch if $55 holds post-earnings before making big bets Implied vol is high, 72 to 79% If trading the print, consider vertical spreads to manage risk Naked premium could get crushed after earnings

$KMX Earnings pre-mortem: CarMax reports Q2 before the open tomorrow. Consensus is about 0.72 a share on 6.97 billion in revenue (FactSet), up from 0.64 and 6.59 billion a year ago. The number to watch is comp-store used-unit sales: down 0.8% last quarter, while gross profit per retail used car fell 230 from the year-earlier record. CarMax is pricing to win volume, and it is costing margin. The other read is Barr's turnaround. The CEO, in the job since March, wants 200 million in annualized overhead savings by the end of fiscal 2027. The 145 corporate jobs cut this month, about 4% of the corporate workforce, is the third round in roughly a year. JPMorgan raised its target to 70 from 60 earlier this month, expecting a beat. The stock is up about 50% this year, so the consensus number may not be the real bar. Tracking this into the print.

$KMX interesting pump Prior to power hour. Anyone else thinks it trades sideways tomorrow after earnings?

$KMX Tuesday's consensus is now around $0.71–$0.72 EPS and $6.94–6.97B revenue. MarketBeat That creates a legitimate earnings question: Has the recent 10% pullback already discounted weakening auto demand, or does management guide to further deterioration? Volatility remains the biggest issue Current options imply approximately: ±12.8% while KMX's 10-year average peak earnings-day movement is approximately: ±10.2%. But KMX has exceeded its contemporaneous implied move in 11 of the last 17 reports (65%). EarningsWatcher At roughly $56–57, ±12.8% translates to approximately: Upside expected-move boundary: ~$63.5 Downside boundary: ~$49.2 That's a very large hurdle for naked premium buyers. Revised KMX ALGO Factor Read 90-day trend 🟢 +8.75% 30-day trend 🔴 ~-10% Pre-ER extension 🟢 No excessive run-up Liquidity 🟢 ~2.4M/day Current implied move 🟠 ~12.8% Historical move 🟡 ~10.2% Implied-move exceedance 🟢 11/17 Last quarter 🟢 Large EPS/revenue beat Current operating backdrop 🔴