CarMax IncKMX
▲ PositiveCapitalrelevance
Fiscal Q1 earnings beat estimates on both EPS and revenue, with EPS of $1.31 vs. consensus $0.94.
Impact on stocks 1
Consumer Discretionary
CarMax IncCarMax shares have gained about 9% since its last earnings report, outperforming the S&P 500. The company reported fiscal 2027 first-quarter earnings per share of $1.31, beating the Zacks Consensus Estimate of 94 cents by 39.61%, while quarterly revenues rose 6.2% year over year to $8.01 billion, surpassing the consensus mark of $7.6 billion. Combined retail and wholesale unit sales increased 3.3% to 392,357, driven by a 14% rise in wholesale vehicle sales to $1.43 billion, though total gross profit declined 4.4% to $854.4 million amid lower retail per-unit profitability. Selling, general and administrative expenses fell 3.7% to $635.2 million as the company targets $200 million in SG&A exit-rate savings by the end of fiscal 2027. CarMax Auto Finance's income dipped 1% to $140.2 million, while its financing penetration rate improved 150 basis points to 43.3%.
CarMax IncFiscal Q1 earnings beat estimates on both EPS and revenue, with EPS of $1.31 vs. consensus $0.94.