KMX · Carmax Inc
$55.45
+0.53 (+0.97%)
At close · Oct 5
Return incl. dividend (before tax)
Market Cap
$8.12B
Shares
141.94M
Volume · Oct 2
2.91M
Avg daily vol (3M)
2.57M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$54.92
Open$56.27
Day$54.15–56.38
52W close$30.88–64.22
Avg vol 30d2.7M
Short int9.8M · 6.9% float · 6.3d
Short vol62%
Last earningsSep 29, 2026
DataJan 2020–Oct 2026
Filing10-Q · Sep 30
Up next
Next earnings call
Dec 22, 2026
Est · unconfirmed
· in 11 wks
filed Sep 30, 2026
call held Sep 29, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$27.63B
Trailing 12 months
Net income (TTM)
$292.44M
Trailing 12 months
Revenue growth YoY
+19.5%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
25.8
Trailing earnings · reciprocal yield 3.9%
FCF yield
14.1%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$17.20B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-4.8%
Year over year · fewer shares
Price change (1Y)
+19.2%
Trailing year
Short interest
6.9%
Latest settlement · 6.3 days to cover
AI Brief
Q2 FY27 earnings call · Sep 29, 2026
Q2 FY27
TL;DR. CarMax posted 13% comparable used unit growth and 81% EPS growth in Q2 FY27, with strong comps, EPP margin gains, and SG&A leverage driving results; the company plans to resume share repurchases in Q3.
Bullish
- + Comparable used unit sales rose 13.0% and total used units grew 13.8% year-over-year.
- + Diluted EPS grew 81.3% to $1.16 from $0.64 last year, with net earnings up 73.3% to $165.3 million.
- + EPP margin per retail unit rose $46 to $623, with full-year guidance of ~$35 per unit of incremental EPP margin reaffirmed.
Bearish
- − FY27 full-year retail GPU is still expected to decline versus FY26 and is guided lower sequentially in Q3 and Q4.
- − Pension plan termination will trigger approximately $50 million in non-cash, non-recurring settlement charges split across Q3 and Q4.
- − FY27 CAF income is expected to be slightly lower than FY26 even as Tier 2 originations approach nearly $1 billion.
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
Neutral
SellHoldBuy
Technical
Sell
Momentum
Strong
Sentiment
Bullish
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+14%
above
Price vs 50-day avg
−7%
below
RSI (14)
39
neutral
MACD trend
Negative
52-week position
72%
mid-range
Momentum
relative strength
1-month return
−12%
trailing
6-month return
+12%
trailing
YTD return
+42%
this year
Relative strength
0%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $59 › 200d $48 — 50d above 200d
Institutional flow
Accumulating
4 of 560 funds reported for Sep 30 · net +625 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
6.92% of float · ▼ -12.3% MoM · 6.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
560 holders — near 3-yr low, contrarian setup
Squeeze score
66
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
52%
annualized · 1-yr
Max drawdown
−34%
past year
ATR
4.7%
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 Earnings Call filed Sep 29, 2026
FY27
Identified savings (exit rate target)
Initiated
$200M
Pension settlement-related, non-cash, non-recurring charges
Initiated
$50M
Tier 2 origination
Initiated
$1B
third quarter
Severance expense
$6M
Guided vs delivered
· last 1 settled
Revenue
by fiscal 2026
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 Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+14%
Bullish
Price vs 50-day avg
−7%
Bearish
RSI (14)
39
Neutral
MACD trend
Negative
Bearish
52-week position
72%
Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross)
No cross
50d $59 › 200d $48 — 50d above 200d
Institutional flow
Accumulating
4 of 560 funds reported for Sep 30 · net +625 sh shares · +1 new
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
6.92% of float · ▼ -12.3% MoM · 6.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
560 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $31
Now $55 · 72%
Range high $64
vs 200-day avg +14%
vs 50-day avg -7%
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 | $497.3M | the three months ended August 31, 2026 filing | — |
| Allowance for loan losses as a percentage of ending auto loans held for investment | 3.07% | the three months ended August 31, 2026 filing | — |
| Annualized net credit losses as a percentage of average auto loans held for investment | 2.25% | the three months ended August 31, 2026 filing | — |
|
|
|||
| Average auto loans held for investment | $16.17B | the three months ended August 31, 2026 filing | — |
| Average recovery rate | 45% | the three months ended August 31, 2026 filing | — |
|
|
|||
| CAF financing penetration | 43.3% | Three Months Ended August 31, 2026 filing | — |
| Ending auto loans held for investment | $16.2B | the three months ended August 31, 2026 filing | — |
| Net credit losses | $91.1M | the three months ended August 31, 2026 filing | — |
| Past due accounts as a percentage of ending auto loans held for investment | 5.1% | the three months ended August 31, 2026 filing | — |
|
|
|||
| Tier 2 financing penetration | 15.9% | Three Months Ended August 31, 2026 filing | — |
| Tier 3 financing penetration | 7.6% | Three Months Ended August 31, 2026 filing | — |
| Used car stores, end of period | 258 | Three Months Ended August 31, 2026 filing | — |
|
|
|||
| Used vehicle units change | 13.8% | Three Months Ended August 31, 2026 filing | — |
| Used vehicles | 227,391 | Three Months Ended August 31, 2026 filing | — |
| Used vehicles average selling price | $27,623 | Three Months Ended August 31, 2026 filing | — |
| Vehicle units financed | 92,993 | the three months ended August 31, 2026 filing | — |
|
|
|||
| Weighted average credit score | 722 | the three months ended August 31, 2026 filing | — |
|
|
|||
| Weighted average loan-to-value (LTV) | 89.4% | the three months ended August 31, 2026 filing | — |
|
|
|||
| Weighted average term (in months) | 68.8 | the three months ended August 31, 2026 filing | — |
|
|
|||
| Wholesale vehicles | 160,344 | Three Months Ended August 31, 2026 filing | — |
| Wholesale vehicles average selling price | $8,036 | Three Months Ended August 31, 2026 filing | — |
| Allowance for loan losses as a percentage of auto loans held for investment | 3.07% | As of August 31, 2026 | — |
| Average auto loans outstanding | $16.51B | Six Months Ended August 31 | — |
| CAF income | $135.6M | Three Months Ended August 31, 2026 | +32.1% |
|
|
|||
| CAF Tier 2 financing share of volume | 22% | Three Months Ended August 31, 2026 | — |
| CAF total interest margin percentage | 6.6% | Three Months Ended August 31, 2026 | — |
| Combined retail and wholesale unit sales | 387,735 | Three Months Ended August 31, 2026 | — |
| Comparable store used unit sales | 13% | Three Months Ended August 31, 2026 | — |
| Comparable store used vehicle revenues change | 18.9% | Three Months Ended August 31 | — |
|
|
|||
| Comparable store used vehicle units change | 13% | Three Months Ended August 31 | — |
|
|
|||
| EPP margin per retail unit | $623 | Three Months Ended August 31, 2026 | — |
| Net auto loans originated | $4.71B | Six Months Ended August 31 | — |
| Net penetration rate | 42.1% | Six Months Ended August 31 | — |
|
|
|||
| Omni sales | 68% | Three Months Ended August 31, 2026 | — |
|
|
|||
| Online retail sales | 13% | Three Months Ended August 31, 2026 | — |
|
|
|||
| Other gross profit per unit | $801 | Six Months Ended August 31 | — |
|
|
|||
| Remaining share repurchase authorization | $1.31B | As of August 31, 2026 | — |
| Retail used unit sales | 227,391 | Three Months Ended August 31, 2026 | — |
| SG&A per total unit | $1,621 | Three Months Ended August 31, 2026 | — |
|
|
|||
| Used vehicle gross profit per unit | $2,141 | Six Months Ended August 31 | — |
|
|
|||
| Vehicles purchased from consumers | 262,570 | Three Months Ended August 31, 2026 | — |
|
|
|||
| Vehicles purchased from consumers and dealers | 310,107 | Three Months Ended August 31, 2026 | — |
| Vehicles purchased from dealers | 47,537 | Three Months Ended August 31, 2026 | — |
|
|
|||
| Weighted average contract rate | 11.6% | Six Months Ended August 31 | — |
|
|
|||
| Wholesale unit sales | 160,344 | Three Months Ended August 31, 2026 | — |
|
|
|||
| Wholesale vehicle gross profit per unit | $953 | Six Months Ended August 31 | — |
|
|
|||
| CAF financed percentage of retail used vehicle unit sales | 43.3% | first three months of fiscal 2027 filing | — |
| Change in used unit sales in comparable stores | -0.8% | Three Months Ended May 31, 2026 filing | — |
| Digitally enabled transactions | 84% | Three Months Ended May 31, 2026 filing | — |
| Total interest margin as a percentage of average auto loans outstanding | 6.7% | the first quarter of fiscal 2027 filing | — |
| Total vehicle purchases | 321,654 | Three Months Ended May 31, 2026 filing | — |
| Total vehicles units | 392,357 | Three Months Ended May 31, 2026 filing | — |
| Used gross profit per unit | $2,177 | Three Months Ended May 31, 2026 filing | — |
| Used unit sales | 230,293 | Three Months Ended May 31, 2026 filing | — |
| Used vehicles units | 230,293 | Three Months Ended May 31, 2026 filing | — |
| Wholesale vehicles units | 162,064 | Three Months Ended May 31, 2026 filing | — |
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
|
$8.12B | +42.1% | -1.8% | — | 6.9% |
|
CVNA
Carvana Co.
|
$69.42B | — | +48.6% | 44.3 | 5.7% |
|
PAG
Penske Automotive Group, Inc.
|
$13.76B | +28.9% | -0.2% | 15.2 | 3.1% |
|
RUSHA
Rush Enterprises Inc \Tx\
|
$8.40B | — | -4.7% | 32.5 | 3.7% |
|
LAD
Lithia Motors Inc
|
$6.96B | -7.4% | +17.2% | 10.4 | 8.6% |
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 | -4.0% | -12.3% | +11.9% | -0.3% | +42.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -3.8% | -11.9% | -0.3% | -1.3% | +29.3% |
Capital returns
Buyback program
· as of Aug 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)
14 filings
12 filers
Visit website
Investor relations