CarMax (KMX) recently released its fourth-quarter and fiscal year 2025 earnings report, demonstrating a significant surge in revenue. The company reported $6.0 billion in net revenues, marking a robust 6.7% increase from the previous year. This growth was driven by a strong performance across all key segments: retail used unit sales rose 7.5%, wholesale units saw a 3.5% increase, and total gross profit climbed 13.9% to reach $667.9 million. Notably, the company’s gross profit per retail used unit hit a record high of $2,322, while wholesale units maintained their historical strong performance with a margin of $1,045. Additionally, CarMax saw continued success in its Extended Protection Plans (EPP) with a margin increase to $580 per unit reflecting a $10 improvement. The company’s strategic approach in acquiring vehicles paid off, as they saw 15.3% growth in purchases from consumers and dealers.