CarMax Q1 earnings per share rise 42% to $1.38 on 9% more used unit sales
CarMax reported first-quarter fiscal 2026 results for the quarter ended May 31, 2025, in a press release furnished as Exhibit 99.1. Net earnings rose 38.0% to $210.4 million, or $1.38 per diluted share, from $0.97 a year earlier, as total gross profit grew 12.8% to $893.6 million. CarMax Auto Finance income fell 3.6% to $141.7 million because the provision for loan losses rose to $101.7 million from $81.2 million, and the company repurchased $199.8 million of its stock during the quarter.
Key points
- Diluted earnings per share were $1.38, up from $0.97; net earnings were $210.4 million, up 38.0%.
- Retail used unit sales rose 9.0% to 230,210 units, and comparable store used unit sales rose 8.1%.
- Total gross profit was $893.6 million, up 12.8%; SG&A rose 3.3% to $659.6 million.
- The company repurchased $199.8 million of common stock, and $1.74 billion remained under the authorization as of May 31, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 20, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.