Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>CarMax, Inc., a prominent player in the used car retail market, reported a notably positive performance in its third quarter fiscal year 2025 results, reflecting the strength of its diversified business model.</li><li>Retail, wholesale, and the CarMax Auto Finance (CAF) segments all posted year-over-year growth, contributing to a robust increase in earnings per share.</li><li>The improved performance was driven by a combination of internal execution and favorable external conditions, such as a more stable environment for vehicle valuations.</li></ul>

CarMax, Inc., a prominent player in the used car retail market, reported a notably positive performance in its third quarter fiscal year 2025 results, reflecting the strength of its diversified business model.Retail, wholesale, and the CarMax Auto Finance (CAF) segments all posted year-over-year growth, contributing to a robust increase in earnings per share.The improved performance was driven by a combination of internal execution and favorable external conditions, such as a more stable environment for vehicle valuations.

CarMax Inc.: Digital Transformation & Omnichannel Experience As A Critical Growth Lever! - Major Drivers

<ul><li>CarMax Inc. recently reported its earnings for the second quarter of the fiscal year 2025.</li><li>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.</li><li>Despite the tensions in the auto loan market affecting the industry, CarMax managed to post several positives.</li></ul>

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 Inc.: Enhanced Digital & Omni-channel Capabilities & Other Major Drivers

<ul><li>CarMax has reported its fiscal 2025 first quarter results, revealing a mixed financial scenario.</li><li>This analysis aims to objectively evaluate the performance by weighing the key positives and negatives reflected in the data and future company outlook.</li><li>Starting with the positives, CarMax noted several encouraging business trends, such as a stabilization in vehicle values and a decrease in average vehicle selling prices, which fell by approximately $700 per unit.</li></ul>

CarMax has reported its fiscal 2025 first quarter results, revealing a mixed financial scenario.This analysis aims to objectively evaluate the performance by weighing the key positives and negatives reflected in the data and future company outlook.Starting with the positives, CarMax noted several encouraging business trends, such as a stabilization in vehicle values and a decrease in average vehicle selling prices, which fell by approximately $700 per unit.

CarMax Inc.: Operational Efficiencies In Reconditioning & Logistics Expanding The Bottom-Line? - Major Drivers

<ul><li>CarMax, a leading used car retailer in the United States, reported its Q3 fiscal year 2024 results indicating a continuation of a strategic plan that has led to sequential year-over-year improvements across key business areas for four consecutive quarters.</li><li>Total sales for Q3 FY '24 were $6.1 billion, down by 5% compared to the previous year due to lower retail and wholesale prices and lower retail volume, partially offset by higher wholesale volume.</li><li>Retail unit sales declined by 2.9% while used unit comps were down by 4.1%.</li></ul>

CarMax, a leading used car retailer in the United States, reported its Q3 fiscal year 2024 results indicating a continuation of a strategic plan that has led to sequential year-over-year improvements across key business areas for four consecutive quarters.Total sales for Q3 FY '24 were $6.1 billion, down by 5% compared to the previous year due to lower retail and wholesale prices and lower retail volume, partially offset by higher wholesale volume.Retail unit sales declined by 2.9% while used unit comps were down by 4.1%.

CarMax Inc: How Are They Embracing Generative AI For Improving Efficiency & Strategic Expansion? - Major Drivers

<ul><li>CarMax, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus regarding earnings.</li><li>The acquisition of more vehicles from consumers and dealers and increased wholesale unit sales compared to the previous year contributed to this success.</li><li>Later in the quarter, CarMax launched its first all-electric semi-truck as a vehicle mover in California's San Joaquin Valley.</li></ul>

CarMax, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus regarding earnings.The acquisition of more vehicles from consumers and dealers and increased wholesale unit sales compared to the previous year contributed to this success.Later in the quarter, CarMax launched its first all-electric semi-truck as a vehicle mover in California's San Joaquin Valley.

CarMax Inc.: Omnichannel Investments Paying Off - What Does This Mean for Future Growth? - Major Drivers

United States

CarMax, Inc. sells at retail used cars and light trucks. The Company purchases, reconditions, and sells used vehicles in its superstores and franchises throughout the United States.

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Carmax Inc (KMX US)

CarMax Inc.: Digital Transformation & Omnichannel Experience As A Critical Growth Lever! - Major Drivers

CarMax, Inc., a prominent player in the used car retail market, reported a notably positive performance in its third quarter fiscal year 2025...

Baptista Research

CarMax Inc.: Enhanced Digital & Omni-channel Capabilities & Other Major Drivers

CarMax Inc. recently reported its earnings for the second quarter of the fiscal year 2025. The company reported total sales of $7 billion, a...

Baptista Research

CarMax Inc.: Operational Efficiencies In Reconditioning & Logistics Expanding The Bottom-Line? - Major Drivers

CarMax has reported its fiscal 2025 first quarter results, revealing a mixed financial scenario. This analysis aims to objectively evaluate the...

Baptista Research

CarMax Inc: How Are They Embracing Generative AI For Improving Efficiency & Strategic Expansion? - Major Drivers

CarMax, a leading used car retailer in the United States, reported its Q3 fiscal year 2024 results indicating a continuation of a strategic plan...

Baptista Research

CarMax Inc.: Omnichannel Investments Paying Off - What Does This Mean for Future Growth? - Major Drivers

CarMax, Inc. delivered a mixed result in the recent quarter, with revenues below market expectations but surpassing the analyst consensus...

Baptista Research

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