CarMax stock reports stronger sales and 81.3 percent EPS growth

Published on 10/04/2026 at 18:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CarMax stock was last at USD 54.92 on October 2 after fiscal Q2 revenue reached USD 7.9 billion. EPS rose 81.3 percent year over year.

KMX, US1431301027, Illustration mit AI erstellt.

CarMax stock (ISIN US1431301027) was last at USD 54.92 on the NYSE on October 2, 2026, down 1.74 percent from the prior close. The used-auto retailer's fiscal second-quarter results, released on September 29, showed revenue growth and a sharp earnings rebound.

Revenue reached USD 7.9 billion

According to CarMax on September 29, 2026, total net revenue rose 19.5 percent to USD 7.9 billion in the quarter ended August 31, 2026. Combined retail and wholesale unit sales increased 14.7 percent to 387,735 vehicles, giving the top line a volume-led lift.

The earnings improvement was larger than the revenue gain. Diluted earnings per share reached USD 1.16, compared with USD 0.64 a year earlier, an 81.3 percent increase. Net earnings rose 73.3 percent to USD 165.3 million, while gross profit increased 11.4 percent to USD 799.5 million, according to CarMax.

Volume came with margin pressure

CarMax's retail used-vehicle sales increased 13.8 percent and comparable-store used-unit sales rose 13.0 percent in fiscal Q2 2027. Retail used-vehicle gross profit per unit fell to USD 2,105 from USD 2,216, a USD 111 decline, as pricing actions supported stronger sales.

The company said CarMax Auto Finance income climbed 32.1 percent to USD 135.6 million. Selling, general, and administrative expenses rose 4.6 percent to USD 628.6 million, but SG&A per total unit improved 8.8 percent to USD 1,621. CarMax also plans to resume share repurchases in the third fiscal quarter, according to CarMax.

Analyst target stays near the price

The consensus view remains Reduce across 19 analysts, with an average 12-month target of USD 56.71, a high target of USD 74.00 and a low target of USD 36.00, according to MarketBeat. The average target lies 3.3 percent above the USD 54.92 price, leaving the market focused on whether higher volume can offset lower vehicle margins.

Recent analyst actions have been mixed in tone but higher in target value. Markets Insider reported on September 30, 2026, that Barclays raised its target from USD 61 to USD 67 while retaining an Equal Weight rating.

CarMax stock remains below its yearly high

CarMax stock was last at USD 54.92 on the NYSE on October 2, 2026, with a session low of USD 54.15 and a session high of USD 56.36. Its 52-week range was USD 30.26 to USD 65.28, while market capitalization stood at USD 7.8 billion and volume reached 2,815,552 shares.