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CarMax Inc $ 93.7 -1.36 (-1.43%)

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Volume:
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15.38 Bil
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P/E (TTM):
22.52
P/B:
3.89
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KMX News and Headlines - CarMax Inc

GuruFocus Articles Total 155
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Some companies are uncertain about the future, while others aim to change for the better

With the end of the third quarter just around the corner, investors can probably expect another round of earnings reports in which many publicly traded companies offer no guidance on future earnings. This will once again serve as a source of anxiety for some investors, who could feel they are missing out on a key insight into where the companies they own plan to be in the coming months.

The typical new excuse for not offering guidance is, of course, the Covid-19 pandemic. In many industries, such as travel, leisure and restaurants, this is to be expected, as no one

114 Views    Margaret Moran    2020-09-28 21:46
CarMax, Rite Aid and Accenture move on earnings

CarMax

Shares of CarMax Inc. (KMX) fell more than 12% on Thursday after releasing its second-quarter results. Revenue of $5.37 billion, which grew 3.3% year over year, exceeded analysts' expectations by $290 million. Earnings per share were $1.79, beating estimates by 73 cents.

President and CEO Bill Nash, had the following to say:

"We are very pleased to report record revenues and profitability this quarter. The talent and commitment of our associates as well as the diversity of our business model allowed us to capitalize on the improved market environment to deliver a record quarter."

The gross profit

71 Views    Omar Venerio    2020-09-24 18:37
Used and wholesale vehicle sales soared during the quarter

CarMax Inc. (KMX) released its second-quarter fiscal 2021 results before the market opened on Sept. 24. The company's earnings and revenue topped projections as auto sales rebounded and customers began recommencing their regular spending patterns.

By the numbers

The Richmond, Virginia-based used car retailer recorded earnings per share of $1.79 in the quarter, which reflected 27.9% growth year over year. Analysts had projected EPS of $1.03. Revenue of billion $5.37 billion grew 3.3% from the prior-year quarter and surpassed estimates of $5.21 billion.

President and CEO Bill Nash commented the following on the company's performance:

"We are very pleased

47 Views    Mayank Marwah    2020-09-24 16:18
Markets green, shares of General Mills jumps on earnings report

US Markets

U.S. stocks were in the green on Wednesday morning after the S&P 500 rose yesterday for the first time in five sessions. Today, Nike (NKE) is pushing the Dow higher after beating Wall Street in earnings and revenue. The Dow advanced 0.55% to 27,437, the S&P 500 index advanced 0.14% to 3,318 and the Nasdaq Composite Index was down 0.22% to 10,939.

Gainers

• Twitter, Inc. (TWTR) +4.5%

• CarMax Inc (KMX) +2.4%

• Twitter, Inc. (TWTR) +2.6%

• Norwegian Cruise Line Holdings Ltd. (NCLH) +1.4%

Losers

• Albemarle Corporation (ALB) -8.1%

• Tesla, Inc. (TSLA) -4.3%

123 Views    Omar Venerio    2020-09-23 14:04
Markets green, shares of AutoZone jumps on earnings report

US Markets

U.S. stocks were mostly in the green on Tuesday morning after yesterday's loss. The Dow declined 0.10% to 27,119, the S&P 500 index advanced 0.19% to 3,287 and the Nasdaq Composite Index was up 0.22%, to 10,803.

Gainers

• CarMax, Inc. (KMX) +4%

• Lockheed Martin Corporation (LMT) 2.6%

• Royal Caribbean Group (RCL) +2.5%

• Wynn Resorts, Limited (WYNN) +1%

Losers

• Eastman Kodak (KODK) -3.9%

• HCA Healthcare, Inc. (HCA) -3.4%

• Edwards Lifesciences Corporation (EW) -3.2%

• Host Hotels & Resorts, Inc. (HST) -0.7%

Global Markets

The main European stock markets traded in

71 Views    Omar Venerio    2020-09-22 15:00
Firm's largest sales of the 2nd quarter

Chuck Akre (Trades, Portfolio)'s Akre Capital Management manages a $13.72 billion equity portfolio composed of 28 stocks as of the quarter's end. The firm sold shares of the following stocks during the second quarter of 2020.

Markel

The fund trimmed its position in Markel Corp. (MKL) by 1.41%. The trade had an impact of -0.06% on the portfolio.

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The property and casualty insurance company has a market cap of $5.07 billion and an enterprise value of $14.45 billion.

GuruFocus gives the company a profitability and growth rating of 6 out

50 Views    Tiziano Frateschi    2020-08-13 16:19
Markel co-CEO does massive equity selling spree to bolster growth in insurance operations

Looking to support growth in the company’s insurance operations, Markel Corp. (MKL) co-CEO Tom Gayner (Trades, Portfolio) said in a July 29 earnings call that he significantly reduced the Virginia-based insurance company’s exposure to publicly-traded securities during the strong market rally of the second quarter. Among Gayner’s double-digit sale transactions, the top five divestments in terms of portfolio weight were CarMax Inc. (KMX), Marriott International Inc. (MAR), Walgreens Boots Alliance Inc. (WBA), Automatic Data Processing Inc. (ADP) and Anthem Inc. (ANTM).

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Guru cuts back on equity exposure following strong market

547 Views    James Li    2020-08-04 20:19
Discussion of markets and holdings

Greetings from Middleburg. We hope this update finds you and your families well. While there is no distinct timeline for a return to normal life, we are pleased to report that the business continuity plans we implemented in March in response to COVID-19 continue to work well, and there has been virtually no discernable impact on our operations.

The Akre Focus Fund’s second quarter 2020 performance for the Institutional share class was 21.66% compared with S&P 500 Total Return at 20.54%. Year-to-date performance for the Institutional share class was 8.11% compared with the S&P 500 Total Return at -3.08%.

138 Views    Sydnee Gatewood    2020-07-10 20:24
Markets down, Ennis reports quarterly results

US markets

U.S. stocks were mostly in the red on Monday. The Dow Jones Industrial Average fell 0.12% to 25,849, the S&P 500 index lost 0.01% to 3,097 and the Nasdaq Composite Index was up 0.26% to 9,972.

Gainers

• The Gap, Inc. (GPS) +7.9%

• Newmont Corporation (NEM) +4.6%

• Nordstrom, Inc. (JWN) +2.9%

• CarMax, Inc. (KMX) 2.3%

Losers

• Norwegian Cruise Line Holdings Ltd. (NCLH) -3.9%

• Wynn Resorts, Limited (WYNN) -3.5%

• Host Hotels & Resorts, Inc. (HST) -3.8%

• H&R Block, Inc. (HRB) -3.4%

Global markets

The main European stock markets traded in the

62 Views    Omar Venerio    2020-06-22 14:55
Used car retailer reports 1st-quarter results

Shares of used car retailer CarMax Inc. (KMX) tumbled over 4% after posting first-quarter 2021 financial results before the opening bell on Friday.

Like many other dealerships and automakers, the Richmond, Virginia-based company has felt the effects of the coronavirus lockdown as it closed or reduced operations at roughly half its more than 200 stores. It also furloughed 15,500 employees, stopped store expansions, reduced inventory levels and halted its share repurchase program. The company also noted that more than 80% of the days in the quarter, which ended May 31, were negatively impacted by the “mix of store closures and

327 Views    Sydnee Gatewood    2020-06-19 16:04
A Buffett-Munger company seeks growth by adding online marketing and sales

CarMax Inc. (KMX), the largest retailer of used cars in the United States, is now in the second year of its omnichannel strategy, “omnichannel” referring to the integration of online and traditional retailing.

If well executed, the strategy promises a seamless integration between the online experience and the brick-and-mortar experience for customers. For example, consumer product retailers such as Costco (COST) and Walmart (WMT) allow customers to order online and pick up their orders at the nearest brick-and-mortar location.

According to its latest 10-K, the strategy allows customers to shop its inventory of more than 80,000 vehicles at

522 Views    Robert Abbott    2020-06-15 21:32
The largest Insider Buys this week were for Morgan Stanley (MS), Charles Schwab Corp. (SCHW), CarMax Inc. (KMX) and Citizens Financial Group Inc. (CFG)

According to GuruFocus data, the largest Insider Buys this week were for Morgan Stanley (MS), Charles Schwab Corp. (SCHW), CarMax Inc. (KMX) and Citizens Financial Group Inc. (CFG).

Morgan Stanley: Director Stephen J. Luczo bought 55,000 shares

Director Stephen J. Luczo bought 19,000 shares on April 17 at the average price of $38.68. The price of the stock has decreased by 1.84% since.

Morgan Stanley is an American international investment bank and financial services company. The company has offices in more than 42 countries and employs more than 55,000 individuals. The company’s clients include corporations, governments, institutions and individuals and

158 Views    Shuda Xia    2020-04-26 13:02
Intel shares fall despite revenue growth

U.S. stocks were in the green on Friday ahead of the U.S. government injecting money into the economy. President Donald Trump said most of the $484 billion will be designated to small business to keep workers on their payroll. The Dow Jones Industrial Average gained 0.32% to 23,589, the S&P 500 index rose 0.67% to2,816 and the Nasdaq Composite Index advanced 0.92% to 8,573.

Non-index stocks have also posted gains and losses recently.Shares of Intel Corp. (INTC) fell 1% on Friday after the

62 Views    Omar Venerio    2020-04-24 19:29
Booking Holdings tops the list

Companies that are growing their earnings are often good investments. According to the GuruFocus discounted cash flow calculator as of April 20, the following undervalued companies have a high margin of safety and have grown their earnings per share over a five-year period through the end of 2019.

Booking Holdings

Booking Holdings Inc.'s (BKNG) earnings per share have grown 19.20% per annum over the past five years.

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According to the DCF calculator, the stock is undervalued with a 54.11% margin of safety at $1,432.87 per share. The price-earnings ratio is 13.07. The share

137 Views    Tiziano Frateschi    2020-04-20 19:41
Discussion of markets and holdings

As you know, the COVID-19 pandemic has resulted in a significant market disruption over recent weeks. As the world navigates the uncertainty caused by the virus, we want to let you know that Akre Capital is fully committed to our clients, employees, and partners, and we are taking the necessary steps to ensure the highest level of business continuity during this time.

On March 15, 2020, we implemented a Work-From-Home program. We will continue to monitor COVID-19 and market volatility closely and implement additional operational changes as conditions require or permit. Our team is very well-equipped to work outside of

212 Views    Sydnee Gatewood    2020-04-09 16:33
Discussion of markets and holdings

Dear Sequoia Shareholders and Clients:

For the first quarter of 2020, Sequoia Fund generated a total return of -22.16% net of fees,1 versus a -19.60% return for the Standard & Poor’s 500 Index.

If there are adjectives that properly coney the scale, scope, speed and severity of the coronavirus pandemic that has gripped the world over the past several weeks, we are unaware of them. We suspect it will be several months before anyone will be able to fully comprehend its impact. All we can say in the meantime is that the range of potential outcomes for the economy has

143 Views    Sydnee Gatewood    2020-04-07 16:31
Used and wholesale vehicle sales soared during the quarter

CarMax Inc. (KMX) released its fourth-quarter and full-year 2020 results before the market opened on April 2. The company’s earnings and revenue topped projections.

Key metrics

The Richmond, Virginia-based used car retailer recorded earnings of $1.30 per share in the fourth quarter, which reflected 15.04% growth year over year. Analysts had projected earnings of $1.12 per share. Revenue of billion $4.96 billion grew 14.9% from the prior-year quarter and surpassed estimates of $4.67 billion.

In a statement, President and CEO Bill Nash commented on the "unprecedented" coronavirus pandemic that is currently making headlines around the world.

“The situation is

75 Views    Mayank Marwah    2020-04-02 18:50
Guru stock highlight

Carmax (KMX) posted 10% revenue growth, fueled by sixteen new stores and solid same-store sales growth. Helped along by aggressive share repurchase and a lower tax rate, earnings rose 19%. Carmax believes the future of used car retailing belongs to omni channel retailers like itself that can sell cars at stores and online. Carmax took several steps to transition to the omni model last year. It replaced hundreds of commissioned salespeople with customer experience managers who, working from four regional locations, handle orders and questions from customers. It reduced the arduous paperwork involved in car buying by moving to

27 Views    Sydnee Gatewood    2020-03-03 17:45
From Ruane Cunniff

The total return for the Sequoia Fund in 2019 was 29.12%. This compares with the 31.49% return of the S&P 500 Index.

Our preference is to make concentrated commitments of capital in a limited number of companies that have superior long-term economic prospects and that sell at what we believe are attractive prices. Because Sequoia is deliberately not representative of the overall market, in any given year the performance of the Fund may vary significantly from that of the broad market indices.

The top ten equity positions constituted approximately 59% of Sequoia’s net assets on December 31, 2019. At year-end,

123 Views    Sydnee Gatewood    2020-03-03 17:33
As of late, these companies have managed to reach their 52-week highs

According to GuruFocus, these stocks have reached their 52-week highs.

Lam Research Corp reached the 52-week high of $339.30

Lam Research Corp. (LRCX) manufactures equipment used to fabricate semiconductors. The firm is focused on the etch, deposition and clean markets, which are key steps in the semiconductor manufacturing process. Lam's flagship Kiyo, Vector, and Sabre products are sold in all major geographies to key customers such as Samsung Electronics and Taiwan Semiconductor Manufacturing.

The price of Lam Research Corp. shares has reached $339.30, which is 1.5% off the 52-week high of $344.32. Lam Research

58 Views    yifan900    2020-02-21 15:44

Headlines Total 133
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2020-09-29 $ 93.7 (-1.42%)
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