Aankondiging • May 14
CarMax, Inc. Announces Board Retirements CarMax, Inc. announced planned retirements of Shira Goodman and Mitchell Steenrod, each of whom will not stand for re-election to the board. Aankondiging • May 13
CarMax, Inc., Annual General Meeting, Jun 23, 2026 CarMax, Inc., Annual General Meeting, Jun 23, 2026. Aankondiging • Apr 16
Carmax, Inc. Reports Goodwill Impairment for the Fourth Quarter Ended February 28, 2026 CarMax, Inc. reported Goodwill impairment for the fourth quarter ended February 28, 2026. For the period, the company reported non-cash Goodwill impairment of $141,258,000. New Risk • Apr 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Shares are highly illiquid. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Board Change • Apr 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 6 highly experienced directors. CEO, President & Director Keith Barr was the last director to join the board, commencing their role in 2026. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 14
CarMax, Inc. to Report Q1, 2027 Results on Jun 17, 2026 CarMax, Inc. announced that they will report Q1, 2027 results Pre-Market on Jun 17, 2026 Aankondiging • Feb 28
CarMax, Inc. Launches First-Of-Its-Kind Car Shopping and Selling Experience in ChatGPT App Store CarMax, Inc. announced a first-of-its-kind milestone by becoming the first U.S. auto retailer with an app in the ChatGPT app store that supports car shopping. The new online experience allows consumers to search for vehicles, explore listings, and get vehicle value information within ChatGPT, creating a new way for customers to begin their car buying and selling journeys. Key Takeaways: CarMax is the first U.S. car retailer to launch an app in ChatGPT, providing customers a new fast and easy way to shop for their next vehicle. By bringing its nationwide inventory of more than 45,000 vehicles and recent offer experience into ChatGPT, CarMax acknowledges that shoppers are turning to AI and is stepping up to meet users at this new frontier. This app offers a new AI-powered way to make car shopping and selling easier and more approachable from the very first step. CarMax is the first U.,S. car retailer to make both the car buying and selling experience available within ChatGPT's app store. The new CarMax integration helps customers navigate their car shopping journey by combining the conversational, generative nature of the AI platform with CarMax's extensive inventory and vehicle information. Additionally, car sellers can leverage the app to get access to a fast and easy offer on their car. Vehicle search: In the app, customers can discover and shop CarMax's live inventory using conversational language tailored to their needs. They can simply describe what they're looking for, such as "an SUV with a third row under $25,000" or "a small AWD car with good tech," and browse matching cars from CarMax's nationwide selection of vehicles. Vehicle offers: Customers can ask within the app about their current vehicle's value and receive instant information about CarMax offers on their make and model with a direct path to CarMax's online offer tool. Making Car Shopping and Selling Easier with AI: This launch builds on CarMax's continued work to make car buying and selling clearer and easier for everyone through innovative technology. CarMax has been leveraging AI technology for years and has its own 24/7 virtual assistant Skye embedded in its website that manages tens of thousands of customer conversations each week and is trained to guide shoppers by helping them compare features, locate financing information, and find vehicles that match their needs. Whether customers begin their journey on CarMax.com or through AI-powered search tools, CarMax continues to support them at every step by simplifying the shopping and selling experience. As a brand, CarMax is evaluating user engagement to inform expansions into this new ecosystem as OpenAI continues to make apps more readily available to users. Board Change • Jan 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 18
CarMax, Inc. to Report Q4, 2026 Results on Apr 14, 2026 CarMax, Inc. announced that they will report Q4, 2026 results on Apr 14, 2026 Aankondiging • Nov 21
Portnoy Law Firm Announces Class Action on Behalf of CarMax, Inc. Investors The Portnoy Law Firm advises CarMax, Inc. investors off a class action on behalf of investors that bought securities between March 5, 2024 and October 8, 2025, inclusive (the Class Period). CarMax, Inc. investors have until January 2, 2026 to file a lead plaintiff motion. Aankondiging • Nov 19
CarMax, Inc. Rolls Out Nationwide At-Home Pickup CarMax, Inc. is enhancing its appraisal experience with two new offerings for consumers. The company is now offering at-home pickup service to the majority of its customers nationwide, enabling them to sell their car from their home or office, and has also introduced Offer Watch, a new tool that helps customers track their car's value over time and choose the right time to sell. Key Takeaways of Offerings: Sell on Your Terms: At-home pickup and Offer Watch build upon CarMax's appraisal experience, giving customers more control over how and when they sell their car. Ultimate Convenience: With at-home pickup now available to the majority of customers nationwide, customers can complete their sale from their home or office. CarMax also offers express drop-off at its more than 250 locations nationwide, giving customers the option for a quick in-store transaction in under 30 minutes. Stay Informed: The new Offer Watch tool helps customers track their vehicle's value over time and stay on top of market trends with no obligation to sell. These innovations build on CarMax's easy and transparent appraisal experience, which empowers the customer to sell their car on their terms. Customers can get an online offer in two minutes or less, valid for seven days, giving them time to compare their options and make the best decision for them. And, CarMax will buy a customers' vehicle, even if they don't buy a vehicle from CarMax. New National Campaign Highlights Ease of At-Home Pickup: To highlight the launch of at-home pickup, CarMax is debuting a new national campaign starring NBA standout Donovan Mitchell, who sells his car "Spida Style" to showcase the speed and total ease of the process. The commercial brings CarMax's promise to life, demonstrating that whether you're an NBA star or an everyday driver, selling car with CarMax is designed for everyone - making the experience as simple as possible from start to finish. With offerings like at-home pickup, Car Max puts customers in the driver's seat and provides them with clarity, confidence and control. How Does CarMax's At-Home Pickup Work? This allows customers to get an appraisal offer online and schedule a time to drop off their vehicle at a CarMax location, where they can finalize their sale in under 30 minutes and leave with payment in-hand. Once the in-store sale is complete, customers can choose to receive a free Lyft ride home within 60 miles of the drop-off location. How Does CarMax's New Offer Watch Work? Offer Watch is a free tool designed to help appraisal customers track their vehicle's value Over time and make informed decisions about when to sell. By providing basic details, such as vehicle information and mileage, customers receive monthly updated value estimates based on current market conditions, projected mileage, and recent offer data. The Offer Watch dashboard helps customers monitor trends and see how their car's offer changes, helping them budget for their next purchase or understand a future trade-in. By tracking their vehicle's value over time, customers have the insight to maximize their trade-in and the ability to afford something newer and better. Aankondiging • Nov 18
Rosen Law Firm Files Class Action Lawsuit Against Carmax, Inc Rosen Law Firm announced it has filed a class action lawsuit on behalf of purchasers of securities of CarMax, Inc. between June 20, 2025 and November 5, 2025, both dates inclusive (the Class Period). The Class Period was expanded to include more investors. A class action lawsuit has already been filed. If purchasers wish to serve as lead plaintiff, purchasers must move the Court no later than January 2, 2026 in the securities class action first filed by the Firm. Details of the case: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Defendants recklessly overstated CarMax's growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and (2) as a result, defendants' statements about CarMax's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. Aankondiging • Nov 04
Rosen Law Firm Files Securities Class Action Lawsuit Against CarMax, Inc Rosen Law Firm, announced it has filed a class action lawsuit on behalf of purchasers of the securities of CarMax, Inc. between June 20, 2025 and September 24, 2025, both dates inclusive (the ‘Class Period’). The lawsuit seeks to recover damages for CarMax investors under the federal securities laws. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: Defendants recklessly overstated CarMax’s growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and as a result, defendants statements about CarMax’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Recent Insider Transactions • Oct 04
Lead Independent Director recently bought Mex$1.7m worth of stock On the 2nd of October, Mitchell Steenrod bought around 2k shares on-market at roughly Mex$843 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$1.3m more in shares than they have sold in the last 12 months. Board Change • Sep 26
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 25
CarMax, Inc. to Report Q3, 2026 Results on Dec 18, 2025 CarMax, Inc. announced that they will report Q3, 2026 results Pre-Market on Dec 18, 2025 Aankondiging • Sep 22
CarMax, Inc.(NYSE:KMX) dropped from FTSE All-World Index (USD) CarMax, Inc.(NYSE:KMX) dropped from FTSE All-World Index (USD) Aankondiging • Sep 05
CarMax, Inc. to Report Q2, 2026 Results on Sep 25, 2025 CarMax, Inc. announced that they will report Q2, 2026 results Pre-Market on Sep 25, 2025 Board Change • Sep 05
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 29
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 6 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 22
First quarter 2026 earnings released: EPS: US$1.38 (vs US$0.97 in 1Q 2025) First quarter 2026 results: EPS: US$1.38 (up from US$0.97 in 1Q 2025). Revenue: US$8.03b (up 6.2% from 1Q 2025). Net income: US$210.4m (up 38% from 1Q 2025). Profit margin: 2.6% (up from 2.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Board Change • Jun 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 7 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 09
CarMax, Inc., Annual General Meeting, Jun 24, 2025 CarMax, Inc., Annual General Meeting, Jun 24, 2025. Aankondiging • Apr 10
CarMax, Inc. to Report Q1, 2026 Results on Jun 20, 2025 CarMax, Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 20, 2025 Board Change • Mar 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 20
Third quarter 2025 earnings released: EPS: US$0.81 (vs US$0.52 in 3Q 2024) Third quarter 2025 results: EPS: US$0.81 (up from US$0.52 in 3Q 2024). Revenue: US$6.22b (down 5.4% from 3Q 2024). Net income: US$125.4m (up 53% from 3Q 2024). Profit margin: 2.0% (up from 1.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Aankondiging • Dec 19
CarMax, Inc. to Report Q4, 2025 Results on Apr 10, 2025 CarMax, Inc. announced that they will report Q4, 2025 results Pre-Market on Apr 10, 2025 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$1,714, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 8x in the Specialty Retail industry in South America. Total loss to shareholders of 44% over the past three years. Board Change • Dec 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 27
CarMax, Inc. to Report Q3, 2025 Results on Dec 19, 2024 CarMax, Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 19, 2024 Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: US$0.85 (vs US$0.75 in 2Q 2024) Second quarter 2025 results: EPS: US$0.85 (up from US$0.75 in 2Q 2024). Revenue: US$7.48b (flat on 2Q 2024). Net income: US$132.8m (up 12% from 2Q 2024). Profit margin: 1.8% (up from 1.6% in 2Q 2024). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Specialty Retail industry in South America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$1,371, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 10x in the Specialty Retail industry in South America. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$2,295 per share. Aankondiging • Jun 22
CarMax, Inc. to Report Q2, 2025 Results on Sep 26, 2024 CarMax, Inc. announced that they will report Q2, 2025 results Pre-Market on Sep 26, 2024 Board Change • May 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 12
CarMax, Inc., Annual General Meeting, Jun 25, 2024 CarMax, Inc., Annual General Meeting, Jun 25, 2024. Aankondiging • Apr 12
CarMax, Inc. to Report Q1, 2025 Results on Jun 21, 2024 CarMax, Inc. announced that they will report Q1, 2025 results Pre-Market on Jun 21, 2024 Aankondiging • Dec 22
CarMax, Inc. to Report Q4, 2024 Results on Apr 11, 2024 CarMax, Inc. announced that they will report Q4, 2024 results Pre-Market on Apr 11, 2024 Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to Mex$1,142, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Specialty Retail industry in South America. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,223 per share. Aankondiging • Sep 29
CarMax, Inc. to Report Q3, 2024 Results on Dec 21, 2023 CarMax, Inc. announced that they will report Q3, 2024 results Pre-Market on Dec 21, 2023 Board Change • Sep 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 24
CarMax, Inc. to Report Q2, 2024 Results on Sep 28, 2023 CarMax, Inc. announced that they will report Q2, 2024 results Pre-Market on Sep 28, 2023 Board Change • Jun 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 17
CarMax, Inc., Annual General Meeting, Jun 27, 2023 CarMax, Inc., Annual General Meeting, Jun 27, 2023, at 13:00 US Eastern Standard Time. Agenda: To elect the eleven directors named in the proxy statement to the Board of Directors; to ratify the appointment of KPMG LLP as the independent registered public accounting firm; to approve the CarMax, Inc. 2002 Stock Incentive Plan, as amended and restated; to vote, on an advisory basis, to approve the compensation of the named executive officers; and to transact any other business that may properly come before the annual shareholders meeting or any postponements or adjournments thereof. Board Change • Mar 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 18
CarMax, Inc. Launches New Online Pre-Qualification Capability Where Customers Can Shop Cars Nationwide with Personalized Financing Terms CarMax, Inc. announced the national launch of its pre-qualification capability – a new online financing experience that empowers customers with the ability to shop CarMax vehicles nationwide with personalized financing terms, with no impact to their credit score. Pre-qualified customers will know their terms on vehicles across CarMax’s inventory within minutes, including monthly payment and APR. In the current economic environment, inflation and rising interest rates continue to be top of mind for many consumers. With CarMax’s pre-qualification capability, used car shoppers can know what they can afford from the beginning of their journey and feel confident they are on track to find the right car that fits both their needs and budget. The experience is available on CarMax.com and the CarMax mobile app. Once pre-qualified, customers can use their pre-qualification to shop on CarMax.com with their personalized finance terms, adjusting filters like down payment to see how it impacts their terms, or filter to show only vehicles that meet their personalized monthly payment budget. CarMax’s new pre-qualification capability has the following features and benefits for customers: Pre-qualification decisions come directly from multiple lenders and are personalized for each customer based on their credit profile, with approximately 95% of customers receiving approvals; The process is fast and convenient, with most customers getting results in minutes across CarMax’s entire nationwide inventory; Save time and search efficiently with budgeting answers upfront and the ability to sort and filter vehicles using personalized monthly payment and down payment options; Soft credit inquiry with no impact to credit score. The new pre-qualification capability is also integrated with CarMax’s “Compare Feature,” which allows customers to see their monthly payment alongside different car features of their favorite vehicles for which they’re pre-qualified. Customers have access to personalized results to see how each of their top vehicle choices fits both their budget and style. Reported Earnings • Dec 23
Third quarter 2023 earnings released: EPS: US$0.24 (vs US$1.66 in 3Q 2022) Third quarter 2023 results: EPS: US$0.24 (down from US$1.66 in 3Q 2022). Revenue: US$6.87b (down 22% from 3Q 2022). Net income: US$37.6m (down 86% from 3Q 2022). Profit margin: 0.5% (down from 3.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Specialty Retail industry in South America. Aankondiging • Dec 23
CarMax, Inc. to Report Q4, 2023 Results on Apr 11, 2023 CarMax, Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Apr 11, 2023 Board Change • Dec 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 22
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Jul 20
Insider recently sold Mex$6.6m worth of stock On the 18th of July, Shamim Mohammad sold around 3k shares on-market at roughly Mex$1,917 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$12m more than they bought in the last 12 months. Board Change • Jul 18
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jul 06
Executive VP recently sold Mex$5.7m worth of stock On the 1st of July, Diane Cafritz sold around 3k shares on-market at roughly Mex$1,847 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$69m more than they bought in the last 12 months. Reported Earnings • Jun 25
First quarter 2023 earnings released: EPS: US$1.57 (vs US$2.68 in 1Q 2022) First quarter 2023 results: EPS: US$1.57 (down from US$2.68 in 1Q 2022). Revenue: US$9.66b (up 21% from 1Q 2022). Net income: US$252.3m (down 42% from 1Q 2022). Profit margin: 2.6% (down from 5.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 1.3% compared to a 22% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • May 17
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 10
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 10
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$1.66 (up from US$1.44 in 3Q 2021). Revenue: US$8.86b (up 62% from 3Q 2021). Net income: US$269.4m (up 14% from 3Q 2021). Profit margin: 3.0% (down from 4.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 5.0%, compared to a 21% growth forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Mex$2,539, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 21x in the Specialty Retail industry in South America. Total returns to shareholders of 91% over the past three years. Board Change • Jan 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Independent Director Mark O'Neil was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improved over the past week After last week's 21% share price gain to Mex$3,078, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Specialty Retail industry in South America. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,703 per share. Reported Earnings • Oct 03
Second quarter 2022 earnings released: EPS US$1.75 (vs US$1.82 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: US$8.31b (up 47% from 2Q 2021). Net income: US$285.3m (down 3.9% from 2Q 2021). Profit margin: 3.4% (down from 5.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Jul 03
Executive VP & COO recently sold Mex$14m worth of stock On the 29th of June, Edwin Hill sold around 6k shares on-market at roughly Mex$2,585 per share. This was the largest sale by an insider in the last 3 months. Edwin has been a seller over the last 12 months, reducing personal holdings by Mex$23m. Reported Earnings • Jun 28
First quarter 2022 earnings released: EPS US$2.68 (vs US$0.031 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$8.01b (up 128% from 1Q 2021). Net income: US$436.8m (up US$431.8m from 1Q 2021). Profit margin: 5.5% (up from 0.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$2,283, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 31x in the Specialty Retail industry in South America. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$1,402 per share. Reported Earnings • Apr 26
Full year 2021 earnings released: EPS US$4.58 (vs US$5.39 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: US$20.1b (down 6.2% from FY 2020). Net income: US$746.9m (down 16% from FY 2020). Profit margin: 3.7% (down from 4.1% in FY 2020). The decrease in margin was driven by lower revenue. Like-for-like sales growth: Down 10.5% vs FY 2020 Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Mar 03
Executive Vice President of Finance Thomas Reedy has left the company On the 28th of February, Thomas Reedy's tenure as Executive Vice President of Finance ended after 1.4 years in the role. As of December 2020, Thomas personally held 19.98k shares (Mex$39m worth at the time). Thomas is the only executive to leave the company over the last 12 months. Reported Earnings • Jan 07
Third quarter 2021 earnings released: EPS US$1.44 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$5.47b (up 8.0% from 3Q 2020). Net income: US$235.3m (up 36% from 3Q 2020). Profit margin: 4.3% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 07
Executive Officer recently sold Mex$27m worth of stock On the 30th of December, Thomas Reedy sold around 15k shares on-market at roughly Mex$1,863 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$134m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Jan 07
Revenue beats expectations Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 6.8%, compared to a 24% growth forecast for the Specialty Retail industry in Mexico. Recent Insider Transactions • Dec 31
Executive Vice President of Finance recently sold Mex$27m worth of stock On the 30th of December, Thomas Reedy sold around 15k shares on-market at roughly Mex$1,863 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of Mex$134m more than they bought in the last 12 months. Reported Earnings • Dec 24
Third quarter 2021 earnings released: EPS US$1.44 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$5.47b (up 8.0% from 3Q 2020). Net income: US$235.3m (up 36% from 3Q 2020). Profit margin: 4.3% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Dec 24
Revenue beats expectations Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 6.6%, compared to a 23% growth forecast for the Specialty Retail industry in Mexico. Reported Earnings • Dec 23
Third quarter 2021 earnings released: EPS US$1.44 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$5.18b (up 2.3% from 3Q 2020). Net income: US$235.3m (up 36% from 3Q 2020). Profit margin: 4.5% (up from 3.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Dec 23
Revenue beats expectations Revenue exceeded analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 6.9%, compared to a 22% growth forecast for the Specialty Retail industry in Mexico. Analyst Estimate Surprise Post Earnings • Oct 08
Second-quarter earnings released: Revenue beats expectations Second-quarter revenue exceeded analyst estimates by 5.8% at US$5.37b. Revenue is forecast to grow 5.3% over the next year, compared to a 16% growth forecast for the Specialty Retail industry in Mexico. Reported Earnings • Oct 08
First half earnings released Over the last 12 months the company has reported total profits of US$689.8m, down 22% from the prior year. Total revenue was US$19.5b over the last 12 months, down 3.7% from the prior year. Recent Insider Transactions • Oct 04
Independent Director recently bought Mex$5.6m worth of stock On the 30th of September, Mark O'Neil bought around 3k shares on-market at roughly Mex$2,062 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold Mex$106m more in shares than they bought in the last 12 months.