CarMax Resumes Buybacks as Q2 EPS Jumps 81%
KMX sits 99% above its 52-week low of $30.26 on elevated volume (2.7× avg).
Summary
CarMax will resume share repurchases in Q3 after pausing them earlier this year, signaling confidence in cash flow. Q2 EPS surged 81% to $1.16 on 19.5% revenue growth, driven by a 13.8% jump in retail used unit sales. The company sacrificed per-unit margin—gross profit per used unit fell $111 to $2,105—to boost volume. This follows the earlier Q2 sales report and adds the buyback restart and margin detail. Watch for actual buyback execution and whether margin pressure persists.
At the time of this announcement, KMX was trading at $60.20 on NYSE in the Trade & Services sector, with a market capitalization of approximately $8B. The 52-week trading range was $30.26 to $65.28. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.