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CarMax KMX Q2 2026 earnings

Reported September 25, 2025 · Before market open

Revenue$7.1BBeat by $77.5MDiluted EPS$0.64Miss by $0.40
Revenue estimate$7.0B
EPS estimate$1.04

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$6.6B-6.0%
Gross profit$717.7M-5.6%
Net income$95.4M-28.2%
EPS (diluted)$0.64-24.7%

Balance sheet

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Cash & equivalents$540.4M+3.0%
Total debt$2.3B-2.9%
Total assets$27.1B-0.8%

Cash flow

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Operating cash flow$785.5M+26.9%
CapEx$131.5M+20.4%
Free cash flow$654.0M+28.3%

Valuation & ratios

Q2 2026

Valuation

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Market cap$9.21B-30.7%
Enterprise value$10.97B-27.5%
P/E17.7×-14.2×
P/S0.3×-0.2×

Profitability

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Gross margin11.2%+0.6pp
Net margin2%+0.4pp

Returns & leverage

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Current ratio2.5×+0.2×

Versus estimates

Revenue

Q1 2027$8.0BBeat by $589.5MQ4 2026$5.9BBeat by $229.9MQ3 2026$6.2BBeat by $600.8M
Q2 2026$7.1BBeat by $77.5M
Q1 2026$7.5BBeat by $41.8MQ4 2025$6.0BBeat by $3.7M

Diluted EPS

Q1 2027$1.31Beat by $0.35Q4 2026$0.34Beat by $0.12Q3 2026$0.51Beat by $0.20
Q2 2026$0.64Miss by $0.40
Q1 2026$1.38Beat by $0.22Q4 2025$0.64Miss by $0.02

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Questions, answered.

When did CarMax report Q2 2026 earnings?
CarMax (KMX) reported Q2 2026 earnings on September 25, 2025 before market open.
What were CarMax's Q2 2026 revenue and EPS?
CarMax reported revenue of $7.1B and diluted EPS of $0.64 for Q2 2026.
Did CarMax beat estimates in Q2 2026?
Revenue beat the consensus estimate of $7.0B by $77.5M. EPS missed the consensus estimate of $1.04 by $0.40.
How did CarMax's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 1.0% from $7.0B a year earlier and diluted EPS declined 24.7% from $0.85.
Where can I find CarMax's Q2 2026 SEC filings?
You can read the 10-Q periodic report (0001170010-25-000118) directly on SEC EDGAR. The filing index links above go to sec.gov.