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CarMax (KMX) Reports Q4 Earnings: What Key Metrics Have to Say

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For the quarter ended February 2025, CarMax (KMX) reported revenue of $6 billion, up 6.7% over the same period last year. EPS came in at $0.64, compared to $0.32 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $5.99 billion, representing a surprise of +0.20%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.64.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how CarMax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Comparable Store Used Vehicles Sales - YoY change: 5.9% compared to the 5.9% average estimate based on six analysts.

  • Gross Profit per Unit - Used vehicles gross profit: $2,322 versus $2,279.36 estimated by five analysts on average.

  • Revenue per vehicle retailed (ASP) - Used vehicles: $26.13 thousand versus $25.80 thousand estimated by five analysts on average.

  • Gross Profit per Unit - Wholesale vehicles gross profit: $1,045 versus the five-analyst average estimate of $1,080.56.

  • Revenue per vehicle retailed (ASP) - Wholesale vehicles: $8.04 thousand versus $8.02 thousand estimated by four analysts on average.

  • Net sales- Wholesale vehicles: $1.01 billion versus the seven-analyst average estimate of $1.03 billion. The reported number represents a year-over-year change of +3.5%.

  • Net sales- Other: $159 million compared to the $169.23 million average estimate based on seven analysts. The reported number represents a change of +2.7% year over year.

  • Net sales- Used vehicles: $4.84 billion versus $4.79 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.

  • Other sales and revenues- Third-party finance fees, net: -$2.30 million compared to the -$0.79 million average estimate based on five analysts. The reported number represents a change of -34.3% year over year.

  • Other sales and revenues- Extended protection plan revenues: $105.90 million compared to the $109.19 million average estimate based on five analysts. The reported number represents a change of +8.1% year over year.

  • Other sales and revenues- Other: $21.30 million versus the four-analyst average estimate of $26.65 million. The reported number represents a year-over-year change of +353.2%.

  • Other sales and revenues- Advertising & subscription revenues: $34.10 million compared to the $34.97 million average estimate based on four analysts. The reported number represents a change of -0.3% year over year.