CarMax Prepares for Third Quarter Financial Results
In a significant event for investors, CarMax, Inc. (NYSE: KMX) is gearing up to announce its financial results for the third quarter, which will conclude on November 30, 2024. The earnings report is set to be released prior to the market opening on December 19, 2024. This announcement comes as the company continues to reshape the automotive retail landscape with its innovative practices.
Investor Conference Call Details
Bill Nash, CarMax's President and CEO, along with Enrique Mayor-Mora, the Executive Vice President and CFO, will lead the conference call for investors. Joining them will be Jon Daniels, Senior Vice President of CAF Operations, enhancing the expertise shared during the call. Investors eager to participate in the live discussion can do so by calling (800) 225-9448 for domestic calls or (203) 518-9708 if calling internationally. To join the conversation, participants will need to enter the conference ID 3171396.
Accessing the Live Webcast
For those who prefer to engage via online means, CarMax will provide a live audio webcast during the conference call. Investors can tune in to the event by visiting the CarMax investor relations website, where the webcast will be available. This accessibility underscores CarMax's commitment to transparency and communication with its stakeholders.
Replaying the Conference Call
Following the event, a replay of the audio webcast will be offered on the CarMax website, allowing stakeholders to catch up on any missed insights or key information shared during the call. The recording will be accessible until April 9, 2025. Additionally, a telephonic replay option will be available for about a week post-event for those who prefer that format.
About CarMax
As the largest retailer of used automobiles in the United States, CarMax has dramatically transformed how vehicles are sold by adopting a model centered around transparency and trustworthiness. This philosophy has enabled them to offer customers the flexibility to engage through both online and physical store experiences at their leisure.
In the most recent fiscal year, CarMax achieved impressive sales figures, moving roughly 770,000 used vehicles alongside 550,000 wholesale units through its auctions. Notably, CarMax Auto Finance has significantly expanded, originating over $8 billion in receivables during fiscal 2024, contributing to a total portfolio size close to $17 billion.
CarMax's Workforce and Recognition
The company operates over 245 retail locations and employs nearly 30,000 dedicated associates. For two decades consecutively, CarMax has received accolades as one of the Fortune 100 Best Companies to Work For, reflecting its commitment to fostering a positive workplace culture. Additionally, CarMax is deeply invested in making a positive impact on communities and the environment.
For further details on CarMax’s sustainability efforts and corporate responsibility initiatives, interested parties can explore the 2024 Responsibility Report available on its corporate website.
Frequently Asked Questions
1. When will CarMax release its Q3 financial results?
CarMax is set to announce its third quarter financial results on December 19, 2024.
2. How can I participate in the CarMax conference call?
Investors can join the live conference call by dialing (800) 225-9448 and entering the conference ID 3171396.
3. Where can I access the webcast of the conference call?
The live audio webcast will be available on the CarMax investor relations website during the conference call.
4. Will there be a replay of the conference call?
Yes, a replay of the webcast will be accessible on the CarMax website until April 9, 2025, and a telephonic replay will also be available for about a week after the event.
5. What is CarMax known for?
CarMax is recognized as the largest retailer of used vehicles in the U.S., specializing in a transparent and customer-friendly shopping experience.
