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CarMax KMX Q2 2027 earnings

Reported September 29, 2026 · Before market open

Revenue$7.9BBeat by $786.2M
EPS$1.16Beat by $0.43
Revenue estimate$7.1B
EPS estimate$0.73
“Our strong second quarter results reflect solid execution and early progress against Shift into GEAR, our four-pillar strategy to strengthen CarMax's core business and return the company to sustained growth. We delivered 81% EPS growth as we strengthened our price competitiveness, increased Extended Protection Plan margins, expanded CAF's share of Tier 2 originations, continued to enhance our digital experience, and drove material SG&A leverage. I am confident in our ability to build on this early momentum. We have a clear strategy, a solid foundation, and an exceptional team accelerating our progress to create long-term value for our shareholders.”
Keith Barr

Next report

Dec 17, 2026 (in 2 months)
Revenue estimate$6.6B
EPS estimate$0.44

Financials

Q2 2027

Income statement

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Revenue$7.9B+19.5%
Gross profit$799.5M+11.4%
Net income$165.3M+73.3%
EPS (diluted)$1.16+81.2%

Balance sheet

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Cash & equivalents$170.5M-68.4%
Total debt$2.4B+3.0%
Total assets$26.1B-3.7%

Cash flow

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Operating cash flow$882.9M+12.4%
CapEx$77.1M-41.3%
Free cash flow$805.8M+23.2%

Valuation & ratios

Valuation

as of 10/09/26
See full
Market cap$7.64B+17.9%
Enterprise value$9.84B+19.4%
P/E15×—
P/S0.3×0.0×

Profitability

See full
Gross margin10.3%-0.9pp

Returns & leverage

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Current ratio2.3×-0.1×

FAQ

When did CarMax report Q2 2027 earnings?
CarMax (KMX) reported Q2 2027 earnings on September 29, 2026 before market open.
What were CarMax's Q2 2027 revenue and EPS?
CarMax reported revenue of $7.9B and eps of $1.16 for Q2 2027.
Did CarMax beat estimates in Q2 2027?
Revenue beat the consensus estimate of $7.1B by $786.2M. EPS beat the consensus estimate of $0.73 by $0.43.
How did CarMax's Q2 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.2% from $7.1B a year earlier and eps grew 81.2% from $0.64.
Where can I find CarMax's Q2 2027 SEC filings?
You can read the 8-K earnings release (0001170010-26-000102) and the 10-Q periodic report (0001170010-26-000104) directly on SEC EDGAR. The filing index links above go to sec.gov.