Carmax auto finance kMX’s earnings call highlighted CarMax

KMX’s earnings call highlighted CarMax Auto Finance’s focus on digital loan processing efficiency. Market reaction was neutral, with share price moving just +0.4% post-announcement, reflecting investor wait-and-see attitude. Retail used car sales dipped 5.4 percent, and comparable store unit sales are down 6.3 percent. Wholesale unit sales are down 2.2 percent. CarMax purchased 2.4 percent fewer vehicles from consumers and dealers in Q2 (293,000), of which 262,000 were directly from consumers. SG&A (selling, general, and administrative expenses) decreased by 1.6 percent to $601.1 million, with an additional $150 million in reduced operational overhead planned for the next 18 months. Combined retail and wholesale used vehicle unit sales were 338,031, a decrease of 4.1% from the prior year’s second quarter. SAN FRANCISCO, Oct. 03, 2025 (GLOBE NEWSWIRE) -- A new securities class action lawsuit has been filed against KinderCare Learning Companies, Inc. (NYSE: KLC) and its executives, alleging the company... With used vehicle wholesale prices declining, CarMax Auto Finance may benefit from reduced collateral depreciation risk. This could tighten spreads between risk-adjusted return and funding costs, supporting KMX valuation multiples.