CarMax, Inc.: Enhanced Digital & Omni-channel Capabilities 

CarMax Inc. recently reported its earnings for the second quarter of the fiscal year 2025. The company reported total sales of $7 billion, a slight 1% decline year-over-year, reflecting a drop in retail and wholesale prices, although this was partly offset by increased retail volume. Despite the tensions in the auto loan market affecting the industry, CarMax managed to post several positives. CarMax’s retail unit sales saw a 5.1% increase, driven by robust vehicle margins and a year-over-year uptick in used unit retail comps by 4.3%. The average selling price per unit saw a reduction, dropping around $1,250, aligning with a broader trend of falling vehicle prices. The retail gross profit per used unit showed stability, maintaining similar levels to the previous year. On the wholesale front, although there was a slight decline in unit sales, the gross profit per unit remained fairly consistent year-over-year, demonstrating CarMax’s capability to sustain its market despite external pressures.