NYSE$KMX
CarMax Inc · Q1 2027 earnings
Q1 2027 earnings · · Before market open · Investor relations
Briefing
CarMax reported first quarter fiscal 2027 results including net revenues of $8.0 billion and diluted EPS of $1.31.
CarMax achieved net revenues of $8.0 billion, up 6.2% year-over-year, driven by higher average selling prices and wholesale unit growth. Retail used vehicle unit sales were essentially flat while wholesale units rose 8.4%. The company introduced a new four-pillar growth strategy under CEO Keith Barr while delivering net earnings of $185.6 million.
- Net revenues increased 6.2% to $8.0 billion with combined retail and wholesale units up 3.3%.
- Used vehicle gross profit per unit declined to $2,177 from the prior year record of $2,407 amid pricing actions.
- SG&A expenses fell 3.7% to $635.2 million, improving leverage to $1,619 per unit.
- CAF income was $140.2 million as penetration rose 150 bps to 43.3%.
Headline financials
Revenue & EPS history
CarMax · Revenue · Quarterly
$8.01B
Revenue by segment
CarMax · $8.01B total across 3 segments · Q1 2027
- Used vehicle sales$6.39B—79.8%
- Wholesale vehicle sales$1.43B—17.8%
- Other sales and revenues$195M—2.4%
Forward guidance
Company introduced four-pillar Strategy for Growth targeting strong unit and earnings growth; plans strategic update in late fall.
Tailwinds
- On track for $200 million SG&A exit-rate savings by end of FY2027
- CAF penetration expanded 150 bps to 43.3%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2027
-1.7%
Avg return
Earnings day
-2.7%
Avg return
5 days after
+0.4%
Avg return
30 days after
41%
28 / 69 earnings
Positive
+14.6%
Q1 2015
Best reaction
-23.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -8.5% | — | — | |
| Q4 2026 | -3.4% | -16.7% | -23.0% | |
| Q3 2026 | -4.5% | -6.4% | +18.9% | |
| Q2 2026 | -19.9% | -21.3% | -22.4% | |
| Q1 2026 | -3.4% | -4.0% | -10.8% | |
| Q4 2025 | -17.0% | -15.4% | -17.4% | |
| Q3 2025 | +3.5% | +4.3% | -3.0% | |
| Q2 2025 | +3.8% | +4.9% | -3.3% | |
| Q1 2025 | +2.6% | +1.9% | +12.1% | |
| Q4 2024 | -9.9% | -12.0% | -9.6% | |
| Q3 2024 | +2.5% | +2.0% | -7.4% | |
| Q2 2024 | -11.2% | -13.4% | -24.1% | |
| Q1 2024 | +3.7% | +7.7% | +6.3% | |
| Q4 2023 | +4.1% | +5.5% | +9.7% | |
| Q3 2023 | +1.3% | +1.8% | +11.3% | |
| Q2 2023 | -23.6% | -20.8% | -26.2% | |
| Q1 2023 | +7.5% | +2.0% | +2.8% | |
| Q4 2022 | -9.9% | -11.0% | -11.5% | |
| Q3 2022 | -7.8% | -6.9% | -21.1% | |
| Q2 2022 | -13.2% | -13.8% | -6.5% | |
| Q1 2022 | +8.0% | +8.1% | +12.9% | |
| Q4 2021 | -3.5% | -4.8% | +0.4% | |
| Q3 2021 | -7.2% | -8.1% | +19.7% | |
| Q2 2021 | -11.2% | -12.1% | -14.1% | |
| Q1 2021 | -4.0% | -8.6% | -3.0% | |
| Q4 2020 | -7.2% | +10.8% | +35.7% | |
| Q3 2020 | -9.7% | -10.1% | -3.1% | |
| Q2 2020 | -0.9% | +0.7% | +9.5% | |
| Q1 2020 | -0.4% | +1.4% | +2.2% | |
| Q4 2019 | +8.5% | +11.8% | +22.4% | |
| Q3 2019 | +4.1% | +10.3% | +9.2% | |
| Q2 2019 | -2.7% | -2.9% | -7.7% | |
| Q1 2019 | +8.0% | +4.6% | +8.6% | |
| Q4 2018 | +3.8% | -2.0% | +8.3% | |
| Q3 2018 | -4.7% | -4.3% | +3.1% | |
| Q2 2018 | +7.9% | +9.5% | +9.2% | |
| Q1 2018 | +5.5% | +7.0% | +11.5% | |
| Q4 2017 | -0.3% | +1.0% | +5.4% | |
| Q3 2017 | +5.8% | +2.7% | +6.6% | |
| Q2 2017 | -2.5% | -3.9% | -10.2% | |
| Q1 2017 | -8.2% | -8.5% | +13.7% | |
| Q4 2016 | -4.3% | — | — | |
| Q3 2016 | -8.1% | — | — | |
| Q2 2016 | -5.3% | — | — | |
| Q1 2016 | -5.5% | — | — | |
| Q4 2015 | +8.1% | — | — | |
| Q3 2015 | +12.1% | — | — | |
| Q2 2015 | -8.2% | — | — | |
| Q1 2015 | +14.6% | — | — | |
| Q4 2014 | -8.2% | — | — | |
| Q3 2014 | -10.6% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | +8.4% | — | — | |
| Q3 2013 | +8.5% | — | — | |
| Q2 2013 | -8.4% | — | — | |
| Q1 2013 | -7.8% | — | — | |
| Q4 2012 | +1.2% | — | — | |
| Q4 2009 | +1.2% | — | — | |
| Q3 2012 | +2.0% | — | — | |
| Q2 2012 | +7.1% | — | — | |
| Q1 2011 | -3.9% | — | — | |
| Q1 2012 | -3.9% | — | — | |
| Q4 2011 | +4.4% | — | — | |
| Q3 2011 | +2.3% | — | — | |
| Q3 2010 | +2.3% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q2 2011 | -0.7% | — | — |
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