KMX Carmax Inc

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

$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 — 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 I’m telling ya. Like a Morgue. Lots are empty of customers. Just employees sitting around. Better get that headcount down

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 Earnings pre-mortem. CarMax reports fiscal Q2 before the open Tuesday. Wall Street expects about 72 cents a share on roughly 7 billion in revenue. The number to watch is comp-store retail unit sales, not revenue. Last quarter total units rose 3.3% but comps fell 0.8%. CarMax bought the volume by shaving 230 dollars off gross profit per retail used car. The Q2 backdrop is less friendly. The Manheim wholesale index slipped to 206.2 in mid-September, below last year for the first time in 2026. The spring pricing bounce is fully given back. Meanwhile the stock has nearly doubled off its 30 dollar low, and the consensus analyst rating is still Reduce. JP Morgan raised its target to 70 from 60 this month on a beat call. Barr is running it lean: the 145 corporate jobs cut this month is the third round in about a year, aimed at 200 million in annualized overhead savings. Tuesday tells whether the volume play works again without the pricing help.

$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 🔴

$KMX what are we thinking going into ER?????? Another current dataset has KMX up about +11.4% over three months, depending on the exact measurement dates. More importantly, the recent trend has reversed sharply: KMX is down about 10.3% over the last month, from an Aug. 26 high of $65.28 to roughly $56.36 on Sept. 24. MarketBeat So the ALGO should read the trend as: 90-day: moderately bullish 30-day: bearish Recent pre-ER: bearish/consolidating Not overextended That removes the sell-the-news penalty we would apply to something like MU. What concerns me instead KMX recently announced another round of layoffs—145 corporate employees—amid high used-car prices, higher financing costs and pressure on consumer affordability. This is the company's third workforce reduction in roughly a year. The Wall Street Journal At the same time, the previous quarter was excellent: $1.31 EPS vs ~$0.97 expected and $8.01B revenue vs ~$7.42B expected.

CarMax shares could move about 9% when the used-car retailer reports earnings on Sept. 29 before the market opens, according to Bloomberg options data, highlighting elevated volatility around the upcoming results. The stock has exceeded its options-implied move in two of its last eight earnings reports. On Sept. 25, 2025, shares fell 22.9% versus an implied 8.6% move, while on April 10, 2025, they dropped 19.7% compared with an implied 7.5% move. Recent reports have produced smaller moves than options markets anticipated. On June 17, shares declined 1.2% against a 12.1% implied move, while the April 14 report resulted in a 2.2% drop versus an implied 11.4% move. The upcoming report will therefore be closely watched for another potential gap between realized and options-implied volatility. $KMX