On Thursday, September 27, 2025, CarMax, Inc. released its second‑quarter fiscal 2026 earnings. The company reported earnings per share of $0.64, falling short of the consensus estimate of $1.09. Total revenue for the quarter was $6.594 billion, a 6% decline year over year.
The results also reflected a 6% drop in retail used unit sales and a 6.3% decline in comparable store sales, contributing to the revenue shortfall. Gross profit per unit remained near record levels, but the company’s net income was impacted by higher loan‑loss provisions in its Auto Finance segment. Management reiterated its focus on cost discipline and margin improvement.
The earnings miss signals a temporary slowdown in demand and higher financing costs, but the company’s ongoing investment in its omni‑channel platform and cost‑control initiatives aim to stabilize performance. Investors will closely monitor the company’s guidance and the trajectory of its loan‑loss provisions in future reports. The announcement marks a significant event for stakeholders as it provides the latest snapshot of CarMax’s financial health.
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