CarMax stock reports 81.3 percent EPS growth in Q2 2027

Published on 10/05/2026 at 18:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CarMax stock traded at USD 55.13 on October 5, 2026, while the average analyst target stood at USD 56.71. Q2 revenue reached USD 7.9 billion.

KMX, US1431301027, Illustration mit AI erstellt.

CarMax stock (ISIN US1431301027) was trading at USD 55.13 on the NYSE on October 5, 2026, up 0.38 percent at 12:50 p.m. ET. The company reported fiscal second-quarter revenue of USD 7.9 billion and diluted EPS of USD 1.16 for the period ended August 31, 2026, according to CarMax.

Q2 revenue reaches USD 7.9 billion

CarMax said total net revenue rose 19.5 percent from the prior-year quarter to USD 7.9 billion. Combined retail and wholesale vehicle sales reached 387,735 units, an increase of 14.7 percent, while net earnings rose to USD 165.3 million from USD 95.4 million.

The earnings improvement was stronger than the sales increase. Diluted EPS rose 81.3 percent from USD 0.64 in the year-earlier quarter to USD 1.16, while CarMax Auto Finance income increased 32.1 percent to USD 135.6 million, the company said in its September 29, 2026 release.

Retail margins remain the pressure point

CarMax's volume growth came with a margin tradeoff. Retail used-vehicle gross profit per unit declined to USD 2,105 from USD 2,216, a USD 111 decrease, while wholesale gross profit per unit fell to USD 858 from USD 993.

Management plans to resume share repurchases at a modest level in fiscal third quarter, with USD 1.31 billion remaining under the authorization as of August 31, 2026. CarMax also scheduled a strategic update for November 3, 2026, where it plans to discuss growth priorities and its Shift into GEAR strategy, according to Business Wire.

Analysts see limited target upside

The analyst picture remains cautious despite the earnings growth. MarketBeat reported a Reduce consensus based on 19 analyst ratings, with an average 12-month target of USD 56.71, a high of USD 74.00 and a low of USD 36.00. The average target lies 2.9 percent above the October 5 price.

Fintel reported on October 2, 2026, that the aggregate average target had risen to USD 61.37 from USD 53.79 on September 11, 2026, while the median target reached USD 60.18 from USD 48.45, according to Fintel. The gap between consensus measures reflects a market still weighing stronger volumes against lower per-unit margins.

Stock stays below the yearly high

At USD 55.13 on October 5, 2026, CarMax stock remained below its 52-week high of USD 65.28 and above its 52-week low of USD 30.26. Market capitalization stood at USD 7.8 billion, and trading volume was 1,372,878 shares at the same time.