CarMax reported second-quarter fiscal 2027 earnings of $1.16 per share, up 81.3% year over year and beating the Zacks Consensus Estimate of 68 cents by 70.6%, while revenues rose 19.5% to $7.88 billion and surpassed the consensus mark of $7.06 billion by 11.5%. For the quarter ended Aug. 31, 2026, used vehicle sales increased 19.7% to $6.31 billion, total retail used vehicle unit sales rose 13.8% to 227,391, and the average retail selling price climbed 6.3%, or approximately $1,600 per unit, to $27,623. Wholesale vehicle sales increased 18.2% to $1.36 billion on wholesale unit sales of 160,344, up 15.9%, though gross profit per wholesale unit declined by $135 to $858. CarMax Auto Finance income increased 32.1% to $135.6 million, aided by a lower provision for loan losses, and the company said it did not repurchase shares during the quarter but plans to resume buybacks at a modest level in the third quarter, with $1.31 billion remaining under its authorization as of Aug. 31, 2026. CarMax also said it remains on track to achieve $200 million in targeted SG&A exit-rate savings by the end of fiscal 2027.
CarMax IncQ2 EPS of $1.16 beat estimates by 70.6% and revenue rose 19.5% to $7.88 billion
Genuine Parts Co
General Motors Company
Tesla Inc