Carmax Issues Targets Through FY30 Of Mid-Single-Digit Used Retail Unit CAGR And Mid-Teens Adjusted EPS CAGR Ahead Of Strategic Update

CarMax, Inc. (NYSE:KMX) will host its Strategic Update webcast today beginning at 8:00 a.m. ET and concluding at approximately 9:30 a.m. ET.

Keith Barr, President and CEO, Enrique Mayor-Mora, Executive Vice President, CFO and Jon Daniels, Executive Vice President, CarMax Auto Finance will detail the Company’s Shift into GEAR growth strategy and multi-year financial framework.

During the presentation, management will discuss:

Shift into GEAR growth initiatives designed to deliver highly competitive pricing, greater selection, faster vehicle availability, and a more connected digital-to-store customer experience
CAF’s disciplined expansion into Tier 2 lending, more flexible funding capabilities, and enhanced protection plan offerings that increase value per transaction
Actions lowering reconditioning and logistics costs to support CarMax’s competitive offering and driving efficiencies in SG&A to self-fund investments and deliver strong operating leverage
Multi-year financial framework linking Shift into GEAR execution to key targets that generate durable shareholder value creation
"CarMax has a unique foundation: an iconic and trusted brand, unmatched physical and digital scale, an integrated business model, and an award-winning culture," said Keith Barr, President and CEO. "Shift into GEAR is about strengthening our core operations and getting the most from these advantages. Built around four connected pillars: Great Offering, Easy Experience, Add Value and Run Lean, our plan is designed to win more customers, increase value per transaction and lower costs to support competitive pricing and drive operating leverage. We expect these initiatives to drive sustained market share gains and earnings growth while positioning CarMax to realize its significant longer-term potential."

"We are introducing a multi-year financial framework that connects Shift into GEAR to stronger financial performance and shareholder value creation," said Enrique Mayor-Mora, Executive Vice President, CFO. "Our framework targets mid-single-digit used retail unit CAGR and mid-teens adjusted EPS CAGR through fiscal 2030 using fiscal 2026 as a base while maintaining a strong balance sheet and returning excess capital to shareholders in a disciplined manner."

Webcast Details

A link to the live webcast and presentation materials will be available today at approximately 8:00 a.m. ET at https://join.eventcastplus.com/eventcastplus/carmax-strategic-update. Registration is required. An archived replay of the webcast will be available shortly after it concludes.