CarMax Reports Second Quarter Fiscal 2027 Results
Business Wire•29/09/2026•05:50 ET
0
Key Highlights
- ➤Net revenues $7.9B, up 19.5% year over year
- ➤Diluted EPS $1.16, up 81.3% from $0.64
- ➤Retail used unit sales rose 13.8%; comparable sales increased 13.0%
- ➤CAF income $135.6M, up 32.1% year over year
- ➤CarMax (KMX) plans to resume modest share repurchases in Q3 FY27
Expert Statements
Keith Barr, President and Chief Executive Officer of CarMax
“Our strong second quarter results reflect solid execution and early progress against Shift into GEAR, our four-pillar strategy to strengthen CarMax’s core business and return the company to sustained growth.”
Keith Barr, President and Chief Executive Officer of CarMax
“We delivered 81% EPS growth as we strengthened our price competitiveness, increased Extended Protection Plan margins, expanded CAF’s share of Tier 2 originations, continued to enhance our digital experience, and drove material SG&A leverage.”
Keith Barr, President and Chief Executive Officer of CarMax
“I am confident in our ability to build on this early momentum. We have a clear strategy, a solid foundation, and an exceptional team accelerating our progress to create long-term value for our shareholders.”
Announces plans to resume share repurchases in Q3 FY ‘27. Company to host Strategic Update on November 3rd
CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2026.
Get started
Create a free account to read the full story.