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CarMax KMX Q3 2026 earnings

Reported December 18, 2025 · Before market open

Revenue$6.2BBeat by $600.8MDiluted EPS$0.51Beat by $0.20
Revenue estimate$5.6B
EPS estimate$0.31

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$5.8B-6.9%
Gross profit$590.0M-12.9%
Net income$62.2M-50.4%
EPS (diluted)$0.43-46.9%

Balance sheet

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Cash & equivalents$204.9M-24.6%
Total debt$2.1B-10.5%
Total assets$25.6B-6.4%

Cash flow

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Operating cash flow$1.3B—
CapEx$139.8M+9.9%
Free cash flow$1.1B—

Valuation & ratios

Valuation

as of 11/30/25
See full
Market cap$5.68B-56.6%
Enterprise value$7.58B-50.1%
P/E12.4×-16.0×
P/S0.2×-0.3×

Profitability

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Gross margin11.1%+0.2pp
Net margin1.8%0.0pp
FCF margin7.5%—

Returns & leverage

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Current ratio2×-0.3×

Versus estimates

Revenue

Q1 2027$8.0BBeat by $589.5MQ4 2026$5.9BBeat by $229.9M
Q3 2026$6.2BBeat by $600.8M
Q2 2026$7.1BBeat by $77.5MQ1 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 $0.12
Q3 2026$0.51Beat by $0.20
Q2 2026$0.64Miss by $0.40Q1 2026$1.38Beat by $0.22Q4 2025$0.64Miss by $0.02

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Questions, answered.

When did CarMax report Q3 2026 earnings?
CarMax (KMX) reported Q3 2026 earnings on December 18, 2025 before market open.
What were CarMax's Q3 2026 revenue and EPS?
CarMax reported revenue of $6.2B and diluted EPS of $0.51 for Q3 2026.
Did CarMax beat estimates in Q3 2026?
Revenue beat the consensus estimate of $5.6B by $600.8M. EPS beat the consensus estimate of $0.31 by $0.20.
How did CarMax's Q3 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.3% from $6.2B a year earlier and diluted EPS declined 37.0% from $0.81.
Where can I find CarMax's Q3 2026 SEC filings?
You can read the 8-K earnings release (0001170010-25-000129) and the 10-Q periodic report (0001170010-25-000131) directly on SEC EDGAR. The filing index links above go to sec.gov.