CarMax (KMX) To Report Earnings Tomorrow: Here Is What To Expect

Used automotive vehicle retailer Carmax (NYSE: KMX) will be reporting earnings this Friday before the bell. Here’s what to expect.

CarMax met analysts’ revenue expectations last quarter, reporting revenues of $6.00 billion, up 6.7% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a miss of analysts’ EPS estimates.

Is CarMax a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting CarMax’s revenue to grow 6.5% year on year to $7.57 billion, a reversal from the 7.5% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.18 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. CarMax has missed Wall Street’s revenue estimates four times over the last two years.

Looking at CarMax’s peers in the automotive and marine retail segment, only AutoZone has reported results so far. It beat analysts’ revenue estimates by 1.1%, delivering year-on-year sales growth of 5.4%. The stock was down 2.2% on the results.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the automotive and marine retail stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. CarMax is down 2.7% during the same time and is heading into earnings with an average analyst price target of $83.63 (compared to the current share price of $65).

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