CarMax earnings

Source: Dukascopy Bank SA
CarMax reported strong results for the fourth quarter and fiscal year 2025, with a notable 6.7% increase in revenue, reaching $6.0 billion. Earnings per share (EPS) surged by 81.3%, reaching $0.58, driven by growth in both retail and wholesale vehicle sales. Gross profit rose 13.9% to $667.9 million, thanks to higher unit sales and improved margins, particularly in retail.



In terms of sales, CarMax sold a total of 301,811 vehicles in Q4, up 4.9% from the previous year. Retail used unit sales increased 6.2%, and comparable store sales rose 5.1%. Wholesale units sold grew by 3.1%. CarMax also saw a 15.3% jump in vehicles purchased, with notable growth in dealer purchases, up 114.2%. Online sales accounted for 15% of retail sales, reflecting continued digital growth. The company's focus on improving efficiency led to a 5.1% increase in SG&A expenses, but they effectively managed costs, reducing SG&A as a percentage of gross profit. CarMax Auto Finance (CAF) income rose 8.2%, driven by an increase in the net interest margin. The provision for loan losses decreased slightly, reflecting improved loan quality.
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