CarMax Inc. reported its third-quarter fiscal year 2025 earnings, revealing a net income of $125.44 million and earnings per share (EPS) of $0.81, which exceeded analysts' expectations of $0.61. The company's revenue reached $6.22 billion, surpassing projections of $6.04 billion and reflecting a year-over-year increase of 1.2%. Total gross profit for the quarter was $677.6 million, up 10.6% from the previous year, driven by increased unit volumes and strong margins. Retail used vehicle gross profit was reported at $424.8 million, a 6.8% rise year-over-year. Additionally, retail used unit sales increased by 5.4%, with online transactions contributing 32% of total revenue. CarMax's CEO indicated a more stable environment for vehicle valuations, which may have supported the company's performance during the quarter. The stock gained approximately 6% in pre-market trading following the earnings announcement.