CarMax (NYSE:KMX) reported Q4 EPS of $0.98, $0.35 worse than the analyst estimate of $1.33. Revenue for the quarter came in at $7.7 billion versus the consensus estimate of $7.67 billion.
Long-Term Targets:
In May 2021, we introduced 5-year financial targets, including: (i) selling 2 million vehicles through our combined retail and wholesale channels by fiscal 2026; (ii) generating $33 billion in revenue by fiscal 2026; and (iii) growing our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025. Although we do not anticipate updating these targets annually, given our strong performance in fiscal 2022, we believe it is appropriate to provide the following update at this time:
- Sell between 2 million and 2.4 million vehicles through our combined retail and wholesale channels by fiscal 2026.
- Generate between $33 billion and $45 billion in revenue by fiscal 2026.
- Re-affirm the growth of our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025.
For earnings history and earnings-related data on CarMax, click here.