Carmax Stock Soars 10.73% on Strong Earnings

On June 20, 2025, Carmax's stock surged by 10.73% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Carmax recently reported its first-quarter earnings, which exceeded expectations. The company's earnings per share (EPS) for the quarter were $1.38, surpassing analyst forecasts by $0.19. This positive earnings report has contributed to the recent surge in Carmax's stock price, as investors react favorably to the company's financial performance.

Despite the strong earnings report, Carmax's revenue for the quarter also topped estimates, indicating robust performance across multiple fronts. This dual achievement in both earnings and revenue has bolstered investor confidence in the company's growth prospects.

However, it is important to note that while Carmax's earnings per share exceeded expectations, the company's revenue growth was not as impressive as some analysts had hoped. This discrepancy highlights the need for continued vigilance and strategic planning to ensure sustained growth and profitability.