StocksMediumUpdated•Originally published 29 September 2026•Updated 29 September 2026•
1 min read
CarMax Beats Estimates as Q2 Revenue Jumps 19.5% on Strong Unit Sales
Key Facts
1CarMax total net revenues rose 19.5% to $7.9 billion for the fiscal second quarter.
2Retail used unit sales increased 13.8% and comparable store used unit sales increased 13.0%.
3Gross profit per retail used unit declined by $111 to $2,105, reflecting pricing actions to support sales.
CarMax reported GAAP earnings per share of $1.16 for the fiscal second quarter, beating analyst estimates by $0.43, according to a statement from Business Wire. Total net revenues rose 19.5% to $7.9 billion, driven by a 13.8% increase in retail used unit sales.
The company noted that gross profit per retail used unit declined by $111 to $2,105 due to strategic pricing actions aimed at gaining market share. In equity markets, KMX closed at $56.55 on September 28, 2026, having reached a session high of $58.77.