KMX · Carmax Inc
Market Cap
$8.81B
Shares
141.91M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$62.11
Open$63.53
Day$61.92–63.53
52W close$30.88–64.22
Avg vol 30d2.2M
Short int12.6M · 8.9% float · 7.2d
Short vol54%
Last earningsJun 17, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jun 24
Up next
Next earnings call
Sep 16, 2026
Est · unconfirmed
· in 2 wks
FQ3-27 quarter ends
~Nov 28, 2026
Est
filed Jun 24, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Strong Buy
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 14.4 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+36%
above
Price vs 50-day avg
+9%
above
RSI (14)
61
neutral
MACD trend
Positive
52-week position
94%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+8%
trailing
6-month return
+46%
trailing
YTD return
+61%
this year
Relative strength
+33%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $57 › 200d $46 — 50d above 200d
Institutional flow
Accumulating
+0% holders QoQ · +90 funds added
Insider flow
Accumulating
Net +$1.3M over 90 days · 0% sells
Short interest
Falling
8.88% of float · ▼ -8.6% MoM · 7.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
557 holders — near 3-yr low, contrarian setup
Squeeze score
65
elevated · 0–100
Fundamentals
Revenue growth
−2%
Y/Y
Gross margin
11%
contracting
EPS growth
−48%
Y/Y
Free cash flow
$1.2B
Buyback
$1.3B
remaining
Balance sheet
$13.7B
net debt
Quant / Vol
risk profile
Volatility
55%
annualized · 1-yr
Max drawdown
−50%
past year
ATR
3.2%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Apr 14, 2026
fiscal 2027
Capital expenditures
Initiated
$400M
fiscal year 2027
SG&A reductions (exit rate savings)
Initiated
$200M
Prior guidance
period ended
· from the Earnings Call filed Feb 29, 2024
EPP margin
· FY '25
$20
Marketing spend on a total unit basis
· FY '25
$200
Capital expenditures
· FY '25
$500M – $550M
Guided vs delivered
· last 2 settled
Net earnings per diluted share
fiscal third-quarter
guided $0.18 – $0.36
$0.43
Beat +59.3%
Revenue
by fiscal '26
guided $33B – $45B
$25.88B
Miss −33.6%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+36%
Bullish
Price vs 50-day avg
+9%
Bullish
RSI (14)
61
Neutral
MACD trend
Positive
Bullish
52-week position
94%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $57 › 200d $46 — 50d above 200d
Institutional flow
Accumulating
+0% holders QoQ · +90 funds added
Insider flow
Accumulating
Net +$1.3M over 90 days · 0% sells
Short interest
Falling
8.88% of float · ▼ -8.6% MoM · 7.2 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
557 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $31
Now $62 · 94%
Range high $64
vs 200-day avg +36%
vs 50-day avg +9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for loan losses percentage of auto loans held for investment | 2.95% | As of May 31, 2026 | — |
| CAF total interest margin percentage | 6.7% | Q1 FY2027 | — |
| CAF weighted average contract rate | 11.3% | Q1 FY2027 | — |
| CarMax Auto Finance (CAF) income | $140.2M | Q1 FY2027 | — |
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| CarMax Auto Finance (CAF) penetration | 43.3% | Q1 FY2027 | — |
| Combined retail and wholesale unit sales | 392,357 | Q1 FY2027 | — |
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| Comparable store used unit sales | 0.8% | Q1 FY2027 | — |
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| Ending allowance for loan losses | $475M | Three Months Ended May 31, 2026 | — |
| EPP margin per retail unit | $580 | Q1 FY2027 | — |
| Gross profit per retail used unit | $2,177 | Q1 FY2027 | — |
| Gross profit per wholesale unit | $1,046 | Q1 FY2027 | — |
| Provision for loan losses | $95.6M | Q1 FY2027 | — |
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| Retail used unit sales | 230,293 | Q1 FY2027 | — |
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| SG&A per total unit | $1,619 | Q1 FY2027 | +0.0% |
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| Share repurchase authorization remaining | $1.31B | As of May 31, 2026 | — |
| Vehicles bought from consumers and dealers | 322,000 | Q1 FY2027 | — |
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| Vehicles purchased from consumers | 281,000 | Q1 FY2027 | — |
| Vehicles purchased through dealers | 41,000 | Q1 FY2027 | — |
| Wholesale units | 162,064 | Q1 FY2027 | — |
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| Adjusted net earnings per diluted share non-GAAP | $0.34 | Three Months Ended February 28, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net (loss) earnings per diluted share -$0.85
+$0.99 Impairment charges
+$0.26 Restructuring charges
-$0.06 Income tax impact of non-GAAP adjustments
= Adjusted net earnings per diluted share $0.34
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| Adjusted SG&A as a percent of gross profit non-GAAP | 95.4% | Three Months Ended February 28, 2026 | — |
| Adjusted SG&A expenses non-GAAP | $577.4M | Three Months Ended February 28, 2026 | — |
GAAP → non-GAAP reconciliationGAAP SG&A expenses $611.3M
-$33.9M Restructuring charges
= Adjusted SG&A expenses $577.4M
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| Adjusted SG&A per total unit non-GAAP | $1,900 | Three Months Ended February 28, 2026 | — |
| Allowance for loan losses | $453M | Q4 FY2026 | — |
| Average auto loans outstanding | $16.4B | Three Months Ended February 28, 2026 | — |
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| CAF financed units sold | 42.8% | Q4 FY2026 | — |
| CAF used vehicle financing penetration | 45.3% | Three Months Ended February 28, 2026 | — |
| CAF’s total interest margin percentage | 6.3% | Q4 FY2026 | — |
| CAF’s weighted average contract rate | 11.1% | Q4 FY2026 | — |
| Digital capabilities supported retail unit sales | 83% | Q4 FY2026 | — |
| Net auto loans originated | $1.86B | Three Months Ended February 28, 2026 | — |
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| Net penetration rate | 42.8% | Three Months Ended February 28, 2026 | — |
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| Omni sales | 70% | Q4 FY2026 | — |
| Online retail sales | 13% | Q4 FY2026 | — |
| Other gross profit per unit | $67.1 | Three Months Ended February 28, 2026 | — |
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| Other used vehicle financing penetration | 29.1% | Three Months Ended February 28, 2026 | — |
| SG&A as a percent of gross profit | 101% | Q4 FY2026 | — |
| Tier 2 used vehicle financing penetration | 15.8% | Three Months Ended February 28, 2026 | — |
| Tier 3 used vehicle financing penetration | 9.8% | Three Months Ended February 28, 2026 | — |
| Total unit sales | 1,318,887 | Years Ended February 28, 2026 | — |
| Used units sales | 780,684 | Years Ended February 28, 2026 | — |
| Used vehicle gross profit per unit | $8 | Three Months Ended February 28, 2026 | — |
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| Used vehicle revenues comparable store sales change | -2% | Three Months Ended February 28, 2026 | — |
| Used vehicle units comparable store sales change | -1.9% | Three Months Ended February 28, 2026 | — |
| Vehicles bought from consumers | 229,000 | Q4 FY2026 | — |
| Vehicles bought through dealers | 41,000 | Q4 FY2026 | — |
| Weighted average contract rate | 11.1% | Three Months Ended February 28, 2026 | — |
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| Wholesale unit sales | 538,203 | Years Ended February 28, 2026 | — |
| Wholesale vehicle gross profit per unit | $11.5 | Three Months Ended February 28, 2026 | — |
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Auto & Truck Dealerships — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KMX
this stock
Carmax Inc
|
$8.81B | +60.7% | -1.8% | — | 8.9% |
|
CVNA
Carvana Co.
|
$81.48B | — | +48.6% | — | 5.9% |
|
PAG
Penske Automotive Group, Inc.
|
$14.25B | +37.1% | -0.2% | 15.8 | 3.3% |
|
LAD
Lithia Motors Inc
|
$8.14B | +11.4% | +17.2% | 12.2 | 9.2% |
|
AN
Autonation, Inc.
|
$6.65B | -3.1% | +3.2% | 9.3 | 6.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KMX | 0.0% | +8.5% | +46.1% | +8.5% | +60.7% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | -0.5% | +5.5% | +32.7% | +5.5% | +47.9% |
Capital returns
Buyback program
· as of May 31, 2026
Authorized
$2.00B
Spent (derived)
$694.90M
Remaining
$1.31B
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1170010
CUSIP
143130102
13F (30d)
414 filings
398 filers
Visit website
Investor relations