KMX changes
Pick any two versions below to diff them.
- Price
- $52.62 → $53.33(+1.3%)
- Discount category
- Far below intrinsic value → Well below intrinsic value
- Recent events
- added: Oct 19, 2026: CarMax appointed Darren Woodell, the Controller of Genworth Financial, as Vice President, Controller and Chief Accounting Officer from November 11, 2026. The CFO, Enrique Mayor-Mora, stays in his role. Sep 29, 2026: CarMax reported Q2 fiscal 2027 results. Revenue rose 19.5% to $7.9 billion, retail used units rose 13.8%, and comparable store used units rose 13.0%. Gross profit per retail used car fell $111 to $2,105 because of price cuts. Diluted EPS was $1.16, up from $0.64. CarMax said that it plans to resume share buybacks at a modest level in Q3 and to hold a Strategic Update on November 3, 2026. Sep 23, 2026: A court moved the securities class action Jason Cap v. CarMax to the US District Court for the Eastern District of Virginia. The suit covers investors who bought shares between June 20, 2025 and November 5, 2025, and CarMax has filed a motion to dismiss. Jul 31, 2026: CarMax said that Diane Cafritz, Executive Vice President and Chief Innovation and People Officer, will leave the company on December 31, 2026. Jun 23, 2026: Shareholders elected the Board at the annual meeting, including the new directors William Cobb, James Kessler and Robert O'Shaughnessy, and approved an amended stock incentive plan. Jun 17, 2026: CarMax reported Q1 fiscal 2027 results and its four-pillar growth strategy, Shift into GEAR. Revenue rose 6.2% to $8.0 billion, comparable store used units fell 0.8%, and gross profit per retail used car fell $230 to $2,177. Diluted EPS was $1.31, down from $1.38. Jun 15, 2026: CarMax borrowed a new $500 million term loan from a bank group led by MUFG, due June 15, 2029. It used the money to pay down its revolving credit facility.