Company intelligenceKMX
CarMax
NYSE · Retail-Auto Dealers & Gasoline Stations
Q2 FY2027Quarter ended Aug 31, 2026Data as of Sep 29, 2026
This quarter's figures come from the company's earnings release; its quarterly SEC filing (10-Q) was not filed yet. Prior-period figures come from SEC filings.
Blockhaven company read
Revenue grew 19.5% year over year, accelerating from 6.2% in the prior quarter.
Gross margin compressed 73 basis points year over year to 10.1%. GAAP net income rose 73.3% year over year to $165 million ($1.16 per diluted share versus $0.64). Comparable-store used unit sales growth was 13.0% versus −6.3% a year earlier.
Business trendMixedRevenue growth accelerated, gross margin narrowed and GAAP net income improved.
Latest reported quarter
Reported Sep 29, 2026
RevenueGAAP
- Latest
- $7.88 billion
- Year ago
- $6.59 billion
- Change
- +19.5% (Up year over year)
From the earnings release
Gross profitGAAP
- Latest
- $799 million
- Year ago
- $718 million
- Change
- +11.4% (Up year over year)
From the earnings release
Net incomeGAAP
- Latest
- $165 million
- Year ago
- $95.4 million
- Change
- +73.3% (Up year over year)
From the earnings release
Diluted EPSGAAP
- Latest
- $1.16
- Year ago
- $0.64
- Change
- +81.3% (Up year over year)
From the earnings release
Diluted sharesGAAP
- Latest
- 142.4 million
- Year ago
- 149.6 million
- Change
- −4.8% (Down year over year)
From the earnings release
| Measure | Basis | Latest quarter | Year ago | Change |
|---|---|---|---|---|
| RevenueFrom the earnings release | GAAP | $7.88 billion | $6.59 billion | +19.5% (Up year over year) |
| Gross profitFrom the earnings release | GAAP | $799 million | $718 million | +11.4% (Up year over year) |
| Net incomeFrom the earnings release | GAAP | $165 million | $95.4 million | +73.3% (Up year over year) |
| Diluted EPSFrom the earnings release | GAAP | $1.16 | $0.64 | +81.3% (Up year over year) |
| Diluted sharesFrom the earnings release | GAAP | 142.4 million | 149.6 million | −4.8% (Down year over year) |
This quarter's figures come from the company's earnings release; its quarterly SEC filing (10-Q) was not filed yet. Prior-period figures come from SEC filings. GAAP unless labelled. Non-GAAP and company-defined measures are labelled.
Growth and margins
Revenue growth
+19.5%
Accelerating versus +6.2% in the prior quarter (year over year, GAAP).
Margins (GAAP)
- Gross margin 10.1%Compressed −73 bp vs 10.9% a year ago
- Net margin 2.1%Expanded +65 bp vs 1.4% a year ago
Guidance
StatusNone found in the latest release
Key measures
Comparable-store used unit sales growth
13.0%Improved versus −6.3% a year earlier (+19.3 pts)
Company-defined measure
Gross profit per used vehicle
$2,105Weakened versus $2,216 a year earlier (−5.0%)
Company-defined measure
Recent events
- Capital returnA share repurchase update (per the earnings release)
- Strategic updateA scheduled strategic update or investor event (per the earnings release)
Latest earnings
- Revenue grew 19.5% year over year, accelerating from 6.2% in the prior quarter.
- Gross margin compressed 73 basis points year over year to 10.1%.
- GAAP net income rose 73.3% year over year to $165 million ($1.16 per diluted share versus $0.64).
- Comparable-store used unit sales growth was 13.0% versus −6.3% a year earlier.
Descriptive only: this describes the business from filings and does not claim a beat or miss against expectations, or a cause for any price move.
Sources and dates
Filings and dates
- 8-K earnings releasefiled Sep 29, 2026
- SEC filings (10-Q, 10-K financial data)
- Data as of Sep 29, 2026. Quarter ended Aug 31, 2026.
Data health
Figures cross-checked against SEC filings.
- SEC company recordAvailable
- SEC financial dataAvailable
- SEC filing documentsAvailable
- Earnings releaseAvailable
- Company KPIsAvailable
Descriptive company facts from SEC filings and the issuer's own earnings release. GAAP figures are labelled as such. Not investment advice, a rating or a recommendation. Disclosures