CARMAX $KMX Q2’27 EARNINGS HIGHLIGHTS
🔹 Revenue: $7.9B (Est. $7.01B) 🟢; +19.5% YoY
🔹 EPS: $1.16 (Est. $0.74) 🟢; +81.3% YoY
🔹 Net Earnings: $165.3M (Est. $106M) 🟢; +73.3% YoY
🔹 Total Gross Profit: $799.5M; +11.4% YoY
Q2 Metrics:
🔹 Retail Used Units: 227,391; +13.8% YoY
🔹 Comp Used Units: +13.0%
🔹 Wholesale Units: 160,344; +15.9% YoY
🔹 GP per Retail Unit: $2,105
🔹 GP per Wholesale Unit: $858
🔹 CAF Income: $135.6M; +32.1% YoY
🔹 SG&A: $628.6M; +4.6% YoY
🔹 Used Vehicle Revenue: $6.3B; +19.7% YoY
🔹 Wholesale Revenue: $1.4B; +18.2% YoY
Key Updates:
🔹 Share Repurchases: Plans to resume in Q3 FY ’27; $1.31B authorization remaining
🔹 Strategic Update: November 3
Comments:
🔸 “We delivered 81% EPS growth as we strengthened our price competitiveness, increased Extended Protection Plan margins, expanded CAF’s share of Tier 2 originations, continued to enhance our digital experience, and drove material SG&A leverage.”
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