Shares in CarMax (NYSE:) rose more than 2% in premarket trading Thursday after the used vehicle retailer reported better-than-expected revenue for the fiscal Q2 2025.
The company posted quarterly earnings per share (EPS) of $0.85, matching analysts’ expectations. Net sales and operating revenue rose to $7.01 billion, exceeding the consensus estimate of $6.82 billion.
Used vehicle sales came in at $5.68 billion, up 1.5% year-over-year, beating the estimated $5.44 billion.
Meanwhile, wholesale vehicle sales totaled $1.15 billion, down 13% year-over-year, slightly missing the $1.2 billion forecast.
“We are pleased with the continued improvement of the business in the second quarter, which reflects the positive impact of our durable actions to further differentiate the value and experience we offer associates and customers, continued year-over-year price declines, and improved stability in vehicle valuations,” said Bill Nash, president and CEO of CarMax.
“We grew retail used unit sales, delivered strong margins, continued to manage SG&A, and drove double-digit earnings growth while managing through industry-wide auto loan loss pressure,” he added.
