Inferra AI / Company / KMX
Carmax Inc.
KMX · Consumer Discretionary
Last earnings Sep 29, 2026
Key results
Net incomequarter
$0.64
Net earnings per diluted share of $0.64 versus $0.85 a year ago.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Revenuequarter
7.2%
Total retail used vehicle revenues decreased 7.2% compared with the prior year s second quarter, primarily driven by the decrease in retail used units sold.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Total wholesale revenues declined 0.4% compared with the prior year s second quarter driven by the decrease in wholesale units sold, partially offset by an increase in the average wholesale selling price of approximately $125 per unit or 1.6%.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Other sales and revenues decreased by 4.2%, or $7.6 million, compared with the second quarter of fiscal 2025, primarily reflecting a decrease in EPP revenues driven by a decrease in retail unit sales.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
EPP revenuequarter
4.2%
Other gross profit decreased 4.2% primarily reflecting a reduction in EPP revenues due to lower retail unit sales.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Store Used Vehicle revenuequarter
4.3 %
Page 5 of 13 Comparable Store Used Vehicle Sales Changes (1) Three Months Ended August 31 Six Months Ended August 31 2025 2024 2025 2024 Used vehicle units (6.3) % 4.3 % 0.9 % 0.1 % Used vehicle revenues (7.1) % (0.2) % (0.2) % (3.3) % (1) Stores are added to the comparable store base beginning in their fourteenth full month of operation.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
AI analysis
Q2 FY2026 · reported Sep 25, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $0.64 | — | $0.85 |
| Revenue | 7.2% | — | — |
| EPP revenue | 4.2% | — | — |
| Store Used Vehicle revenue | 4.3 % | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
Repurchased $180.0 million in shares of common stock, continuing our accelerated quarterly pace compared to fiscal year 2025.
Share Repurchase Activity .
Event summary
CARMAX REPORTS SECOND QUARTER FISCAL YEAR 2026 RESULTS
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
Repurchased $180.0 million in shares of common stock, continuing our accelerated quarterly pace compared to fiscal year 2025.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Share Repurchase Activity .
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
During the second quarter of fiscal year 2026, we repurchased 2.9 million shares of common stock for $180.0 million.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
As of August 31, 2025, we had $1.56 billion remaining available for repurchase under the outstanding authorization.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
(3) Includes IT expenses, non-CAF bad debt, insurance, preopening and relocation costs, travel, charitable contributions and other administrative expenses.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Forward-Looking Statements We caution readers that the statements contained in this release that are not statements of historical fact, including statements about our future business plans, operations, challenges, opportunities or prospects, including without limitation any statements or factors regarding expected operating capacity, sales, inventory, market share, financial and operational targets and goals, revenue, margins, expenses, liquidity, loan originations, capital expenditures, share repurchase plans, debt obligations or earnings, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Strategy & priorities
Page 2 of 13 CEO Commentary While this was a challenging quarter, we remain confident in our long-term strategy and the strength of the earnings model that we have built.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
You can identify these forward-looking statements by the use of words such as anticipate, believe, could, enable, estimate, expect, focused on, intend, may, outlook, plan, positioned, predict, should, target, will and other similar expressions, whether in the negative or affirmative.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Our inability to realize the benefits associated with our omni-channel platform or initiatives designed to leverage evolving technologies, including AI.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
The failure or inability to realize the benefits associated with our strategic investments.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
The CODM uses gross profit to assess financial performance, monitor forecasted versus actual results and adjust pricing strategy.
SEC original ↗Carmax Inc. — 10-Q Quarterly report10-QSep 30, 2026
Risks & headwinds
Such forward-looking statements are based upon management s current knowledge, expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from anticipated results.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
economic conditions, including economic downturns, inflationary pressures, fluctuating interest rates, tariffs or the effect of trade policies, and the potential impact of international events.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
The effect of various litigation matters.
SEC original ↗Carmax Inc. — Earnings release (8-K exhibit)EX-99Sep 25, 2025
Legal Proceedings 45 Item 1A.
SEC original ↗Carmax Inc. — 10-Q Quarterly report10-QSep 30, 2026
Such adjustments include the uncertainty of the impacts of recent economic trends on customer behavior.
SEC original ↗Carmax Inc. — 10-Q Quarterly report10-QSep 30, 2026
In certain cases, we may choose not to designate a derivative instrument as a cash flow hedge for accounting purposes due to uncertainty around the probability that future hedged transactions will occur.
SEC original ↗Carmax Inc. — 10-Q Quarterly report10-QSep 30, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
33 documents- Q3 2026
- 8-KKMX
Oct 19, 2026
- Q2 2026
- 10-QKMX
Sep 30, 2026
- 8-KKMX
Sep 29, 2026
- 8-KKMX
Jul 31, 2026
- Q1 2026
- 8-KKMX
Jun 24, 2026
- 10-QKMX
Jun 24, 2026
- 8-KKMX
Jun 17, 2026
- 8-KKMX
Jun 8, 2026
- 8-KKMX
May 12, 2026
- EX-99KMX
May 12, 2026
- 10-KKMX
Apr 15, 2026
- 8-KKMX
Apr 14, 2026
- 8-KKMX
Apr 9, 2026
- EX-99KMX
Apr 9, 2026
- Q4 2025
- 8-KKMX
Mar 2, 2026
- 8-KKMX
Feb 12, 2026
- EX-99KMX
Feb 12, 2026
- Q3 2025
- 10-QKMX
Dec 23, 2025
- 8-KKMX
Dec 18, 2025
- 8-KKMX
Nov 6, 2025
- Q2 2025
- 10-QKMX
Sep 26, 2025
- 8-KKMX
Sep 25, 2025
- Q1 2025
- 8-KKMX
Jun 26, 2025
- 10-QKMX
Jun 26, 2025
- 8-KKMX
Jun 20, 2025
- 8-KKMX
May 15, 2025
- 10-KKMX
Apr 11, 2025
- 8-KKMX
Apr 10, 2025
- Q4 2024
- 8-KKMX
Jan 31, 2025
- 10-QKMX
Jan 7, 2025
- Q3 2024
- 8-KKMX
Dec 19, 2024
- Q2 2024
- 10-QKMX
Sep 27, 2024
- 8-KKMX
Sep 26, 2024
Earnings releases
10 documentsPresentations
0 documentsNo presentations for Carmax Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Carmax Inc. are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.