NYSE$KMX

CarMax Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

CarMax reported Q2 2026, revenue of $6.59B, net income of $95.4M, diluted EPS of $0.64.

For Q2 2026, CarMax reported revenue of $6.59B, net income of $95.4M, diluted EPS was $0.64. The filing highlights segment trends, liquidity, and management commentary on the period.

  • Revenue $6.59B.
  • Net income $95.4M.
  • Diluted EPS $0.64.

Headline financials

Total Revenue

$6.59B

Previous: $7.01B-6.0%
EPS (adj)

$0.64

Previous: $0.85-24.7%
Wholesale vehicle unit sales

138.3K

Previous: 141.5K-2.2%
Used vehicle avg selling price

$26K

Previous: $26.2K-1.0%
Wholesale vehicle avg selling price

$7.89K

Previous: $7.77K+1.6%
Used vehicle gross profit

$443M

Previous: $479M-7.6%
Wholesale vehicle gross profit

$137M

Previous: $138M-0.4%
Wholesale gross profit per unit

$993.00

Previous: $975.00+1.8%
Other gross profit

$138M

Previous: $144M-4.2%
Vehicles bought from consumers and dealers

293.0K

Previous: 300.2K-2.4%
Vehicles bought from consumers

262.0K

Previous: 269.3K-2.7%
Vehicles bought through dealers

31.0K

Previous: 30.9K+0.2%
CAF income

$103M

Previous: $116M-11.2%
Used vehicle unit sales

199.7K

Previous: 211.0K-5.4%
Used vehicle gross profit per unit

$2.22K

Previous: $2.27K-2.3%
Capital Expenditures

-$268M

Previous: -$213M-25.8%
Free Cash Flow

-$173M

Previous: -$80.3M-115.2%
Net Income

$95.4M

Previous: $133M-28.2%
Operating Income

$29.8M

Previous: $68.7M-56.7%
Gross Profit

$718M

Previous: $760M-5.6%
Cash & Equivalents

$540M

Previous: $525M+3.0%
Total Assets

$27.1B

Previous: $27.3B-0.8%

Revenue & EPS history

CarMax · Revenue · Quarterly

$6.59B

Q2 2026-6%vs Q2 2025
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

CarMax · $8.01B total across 3 segments · Q1 2027

  • Used vehicle sales
    $6.39B
  • Wholesale vehicle sales
    $1.43B
  • Other sales and revenues
    $195M

Forward guidance

Management discusses operating priorities, capital allocation, and sector-specific risks in the quarterly filing.

Tailwinds

  • Headline results and segment commentary anchor the quarter.
  • Balance sheet and liquidity support ongoing operations.
  • Strategic initiatives cited in MD&A.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.
  • Execution risk on guidance or restructuring plans.

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 Q2 2026

Historical avgQ2 2026

-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

Earnings price reactions
QuarterReport dateReaction (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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