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.
Key points
- 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
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 17, 2026.
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.