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 some gains stem from one-time finance items, the rise in sales suggests pricing strategies may be attracting more shoppers. Rival stocks Carvana and Lithia Motors also rose, though less sharply, indicating some industry recovery. Investors await CarMax's November update for more on growth and margin plans.
CarMax shares rose nearly 6% on Pluang to USD 59.90 as of Sep 29, 2026 20:18 WIB, reflecting strong investor interest following its earnings report. Carvana also gained about 3%, trading at USD 62.30, while both stocks show 100% buy order activity on the platform. CarMax's market cap stands at $8.03 billion, highlighting its significant presence in the consumer cyclical sector.
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...
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...
