Earnings Data
Report Date
Sep 29, 2026Before Open (Confirmed)
Period Ending
2027 (Q2)Consensus EPS Forecast
0.57Last Year’s EPS
0.51Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: the company delivered revenue and unit growth, improved several operating trends (CAF penetration, NIM, SG&A per unit leverage), and laid out a clear four-pillar strategy with measurable targets (EPP incremental margin, $200M exit-rate savings). However, meaningful margin headwinds remain — total gross profit and used retail margins declined, EPS dipped, and reconditioning/operational improvements are still ramping. Management emphasized they are taking deliberate margin concessions to regain share while investing in efficiency to self-fund pricing competitiveness. Progress is evident, but key profit and operational initiatives must continue to mature.Company Guidance
Revenue Growth
Total sales of $8.0 billion, up 6.2% year-over-year, driven by more competitive pricing, stronger acquisition marketing, and initial progress on new strategic initiatives.
Unit Sales Improvement
Combined retail and wholesale vehicles sold approximately 392,000 units, up 3.3% year-over-year; retail unit sales grew slightly despite a marginal used unit comp decline of 0.8%.
Average Selling Price (ASP) Increase
Average selling price rose to $27,288, an increase of $1,168 per unit year-over-year, reflecting acquisition costs and favorable mix toward younger vehicles.
Wholesale Strength
Wholesale unit sales increased 8.4% year-over-year; average wholesale selling price rose $405 to $8,364 and wholesale vehicle margin increased 8% versus prior year.
SG&A Reductions and Efficiency Progress
SG&A declined to $635 million, down 4% year-over-year; SG&A per unit leveraged by $118 (7%) to $1,619. Company on track to deliver $200 million exit-rate savings target for FY2027.
CarMax Auto Finance (CAF) Penetration Growth
CAF originated $2.4 billion and achieved sales penetration of 43.3% (net of three-day payoffs), up 150 basis points year-over-year; CAF was the largest Tier 2 lender in the quarter.
CAF Credit and Funding Metrics
CAF net interest margin improved to 6.7% (up 20 basis points year-over-year); loan loss provision declined to $96 million from $102 million; total reserve balance $475 million (2.95% of managed receivables).
Product and Margin Initiatives (EPP and Pricing)
National rollout of redesigned Extended Protection Plan (EPP) in progress with modest unit margin growth in Q1 and an FY2027 target to drive approximately $35 incremental EPP margin per unit; pricing algorithms being enhanced with granular local market data to improve competitiveness.
CH:XA4 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FAQ
When does CarMax Inc (CH:XA4) report earnings?
CarMax Inc (CH:XA4) is schdueled to report earning on Sep 29, 2026, Before Open (Confirmed).
What is CarMax Inc (CH:XA4) earnings time?
CarMax Inc (CH:XA4) earnings time is at Sep 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of CarMax Inc stock?
The P/E ratio of CarMax is N/A.
What is CH:XA4 EPS forecast?
CH:XA4 EPS forecast for the fiscal quarter 2027 (Q2) is 0.57.
