Shares of CarMax (NYSE:KMX | KMX Price Prediction) stock are down 7% midday Wednesday near $48.30 after the used-car retailer reported fiscal Q1 2027 results before the open.
CarMax, Inc. (KMX) Q1 2027 Earnings Call Transcript
CarMax Inc (NYSE:KMX) shares fell more than 6% in early trade on Wednesday as investors looked past a better-than-expected first quarter earnings report and focused on margin pressure, credit risks and concerns about the company's profitability strategy. The used-vehicle retailer reported adjusted earnings per share of $1.31 for the quarter, well above analyst estimates of $0.95.
Although the revenue and EPS for CarMax (KMX) give a sense of how its business performed in the quarter ended May 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
CarMax Inc (NYSE:KMX) is gapping lower this morning, last seen down 6.4% to trade at $48.64, despite the car reseller reporting adjusted first-quarter earnings of $1.31 per share on $8.01 billion in revenue, both of which topped estimates.
CarMax (KMX) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $1.38 per share a year ago.
CarMax said its fiscal first-quarter profit was hurt by price cuts the company had implemented to help spur sales.
Evaluate the expected performance of CarMax (KMX) for the quarter ended May 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
CarMax (KMX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CarMax (KMX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CarMax (KMX) reported earnings 30 days ago. What's next for the stock?
On April 21, 2026, CarMax Inc (KMX) shares fell 4.0% to $39.04, continuing a downward trend that has seen the stock decline 6.3% over the past week and 6.7% ove