CarMax reported an 81.3% increase in second-quarter diluted earnings per share to $1.16, driven by a 13.8% rise in retail used vehicle sales and a 32.1% increase in auto finance income. Despite pricing actions that lowered gross profit per vehicle by $111, overall revenue grew 19.5% to $7.9 billion, with net earnings reaching $165.3 million. Improvements in Tier 2 financing, digital enhancements, and reduced overhead costs helped boost profitability. The company plans to resume modest share repurchases and will provide a strategic update on November 3.
CarMax shares surged 8.72% to USD 61.48 on Pluang as of Sep 29, 2026 20:31 WIB, reflecting strong investor interest following the company's earnings report. The stock is trading near its 52-week high of USD 64.22, with all Pluang order activity currently on the buy side. This momentum aligns with CarMax's notable earnings growth and strategic plans shared recently.
CarMax reported a strong fiscal Q2 with earnings of $1.16 per share, driven by higher used vehicle sales and improved auto finance income. The company plans to resume share buybacks after a pause, signaling confidence in its financial position. While...
CarMax is set to report its Q3 2026 earnings with analysts predicting an EPS of about $0.73 and revenue near $7.09 billion, indicating growth from last year despite a weak auto market. The company has recently cut 145 corporate jobs as part of ongoin...
