CarMax reported first-quarter fiscal 2027 earnings per share of $1.31, beating the Zacks Consensus Estimate of 94 cents by 39.61 percent. Quarterly revenues rose 6.2 percent year over year to $8.01 billion, surpassing the consensus mark of $7.6 billion. The results were driven by higher retail and wholesale revenues, with combined unit sales up 3.3 percent to 392,357. Selling, general and administrative expenses declined 3.7 percent to $635.2 million, helping offset a 4.4 percent drop in total gross profit to $854.4 million. CarMax Auto Finance income edged down 1 percent to $140.2 million, while its financing penetration rate improved 150 basis points to 43.3 percent.
CarMax IncCarMax reported Q1 earnings beat with EPS of $1.31 vs consensus $0.94 and revenue beat.
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