CarMax Q1 revenue rises 6.2% to $8.0 billion, but EPS falls to $1.31 from $1.38
CarMax reported first quarter fiscal 2027 results for the period ended May 31, 2026, with net revenues up 6.2% to $8.0 billion while net earnings fell 11.8% to $185.6 million. The company also disclosed a $500 million term loan from MUFG Bank maturing June 15, 2029, and said it made no share repurchases in the quarter.
- Net revenues rose 6.2% to $8.0 billion; diluted EPS was $1.31 versus $1.38 a year earlier
- Gross profit fell 4.4% to $854.4 million; SG&A expenses decreased 3.7% to $635.2 million
- No shares were repurchased in the quarter; $1.31 billion remained under the authorization as of May 31, 2026
- On June 15, 2026, CarMax Auto Superstores borrowed $500 million under a term loan maturing June 15, 2029, with proceeds used to pay down revolving credit borrowings