CARMAX INC (KMX) Form 8-K — Sep 29, 2026
CarMax reported Q2 fiscal 2027 results with revenue up 19.5% to $7.9 billion and diluted EPS of $1.16 versus $0.64 a year ago, an 81.3% increase. Combined retail and wholesale unit sales rose 14.7% to 387,735 vehicles. CarMax Auto Finance income jumped 32.1% to $135.6 million on lower loan loss provisions, a $16.6 million gain on loan sales, and CAF becoming the largest Tier 2 lender at 22% of that volume. SG&A grew only 4.6%, leveraging 8.8% per unit, while gross profit per retail unit declined $111 due to deliberate pricing actions.
Key figures
- Eps
- 1.16
- Net Income
- 165300000
- Revenue Yoy
- 19.5%
- Total Assets
- 26068356000
- Cash Position
- 170525000
- Caf income
- $135.6 million (+32.1%)
- Eps growth
- 81.3%
- Retail gpu
- $2,105 (-$111)
- Gross profit
- $799.5 million (+11.4%)
- Sga expenses
- $628.6 million (+4.6%)
- Wholesale gpu
- $858 (-$135)
- Eps prior year
- 0.64
- Wholesale units
- 160344
- Retail used units
- 227391
- Unit sales growth
- 14.7%
- Combined units sold
- 387735
- Sga reduction target
- $200 million exit rate savings by end of fiscal 2027
- Allowance for loan losses
- $497.3 million (3.07% of auto loans HFI)
- Comp store used unit growth
- 13.0%
- Share repurchase authority remaining
- $1.31 billion
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