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AI brief of an SEC Form 8-K · CarMax (KMX)

CarMax Q2 EPS rises 81% to $1.16 as revenue grows 19.5% to $7.9 billion

Positive Impact 3 of 5 earnings Written later

CarMax reported second-quarter fiscal 2027 results for the period ended August 31, 2026, with total net revenues up 19.5% to $7.9 billion and net earnings of $165.3 million, or $1.16 per diluted share, versus $0.64 a year earlier. The company said it plans to resume share repurchases in the third fiscal quarter and will hold a Strategic Update on November 3, 2026.

Key points

  • Total net revenues rose 19.5% to $7.9 billion; net earnings rose 73.3% to $165.3 million
  • Diluted EPS of $1.16 versus $0.64 a year ago, an increase of 81.3%
  • Gross profit per retail used unit fell $111 to $2,105 amid pricing actions to support sales
  • Plans to resume share repurchases in Q3 fiscal 2027; $1.31 billion remained under the authorization as of August 31, 2026

The filing

CompanyCarMax (KMX)
Form8-K, current report
Filed with the SECSep 29, 2026, 7:00 AM ET
Accession number0001170010-26-000102

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing 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 September 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.