CarMax's Q1 Sales Go Into Overdrive
Here's our initial take on CarMax's (NYSE: KMX) fiscal 2026 first-quarter financial report.There were a lot of good things to see in CarMax's financial report for the first quarter of its 2026 fiscal year. Total vehicle unit sales were up nearly 6% year over year, lifted by extremely strong performance on the retail side. Comparable store used unit sales were up 8.1% from the year-ago period, and total revenue from retail used vehicles climbed 7.5%. The company bought 336,000 vehicles from consumers and dealers during the quarter, up 7%, and revenue from the sale of extended protection plans on used vehicles got an 11% boost.The biggest news came on the bottom line. Earnings of $1.38 per share were up 42%, as CarMax largely kept cost increases in check. Expense management efforts played a key role, along with stronger gross profit figures on its retail sales.Continue reading
Here's our initial take on CarMax's (NYSE: KMX) fiscal 2026 first-quarter financial report.
There were a lot of good things to see in CarMax's financial report for the first quarter of its 2026 fiscal year. Total vehicle unit sales were up nearly 6% year over year, lifted by extremely strong performance on the retail side. Comparable store used unit sales were up 8.1% from the year-ago period, and total revenue from retail used vehicles climbed 7.5%. The company bought 336,000 vehicles from consumers and dealers during the quarter, up 7%, and revenue from the sale of extended protection plans on used vehicles got an 11% boost.
The biggest news came on the bottom line. Earnings of $1.38 per share were up 42%, as CarMax largely kept cost increases in check. Expense management efforts played a key role, along with stronger gross profit figures on its retail sales.
