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Compared to Estimates, CarMax (KMX) Q2 Earnings: A Look at Key Metrics

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CarMax (KMX - Free Report) reported $7.88 billion in revenue for the quarter ended August 2026, representing a year-over-year increase of 19.5%. EPS of $1.16 for the same period compares to $0.64 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $7.06 billion, representing a surprise of +11.54%. The company delivered an EPS surprise of +70.59%, with the consensus EPS estimate being $0.68.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how CarMax performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Average Selling Prices - Used vehicles: $27.62 thousand compared to the $26.27 thousand average estimate based on five analysts.
  • Average Selling Prices - Wholesale vehicles: $8.04 thousand versus $7.93 thousand estimated by five analysts on average.
  • Unit Sales - Used vehicles: 227,391 compared to the 214,644 average estimate based on five analysts.
  • Gross Profit per Unit - Used vehicle: $2,105.00 versus $2,001.00 estimated by four analysts on average.
  • Gross Profit per Unit - Wholesale vehicle: $858.00 compared to the $947.36 average estimate based on four analysts.
  • Net sales and operating revenues- Wholesale vehicle: $1.36 billion versus $1.2 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +18.2% change.
  • Other sales and revenues- Extended protection plan revenues: $141.6 million compared to the $134.86 million average estimate based on six analysts. The reported number represents a change of +23% year over year.
  • Net sales and operating revenues- Used vehicle: $6.31 billion versus $5.7 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +19.7% change.
  • Other sales and revenues- Third-party finance fees, net: $-1.8 million versus the six-analyst average estimate of $-1.99 million. The reported number represents a year-over-year change of +125%.
  • Net sales and operating revenues- Other sales and revenues: $208.4 million compared to the $185.35 million average estimate based on six analysts. The reported number represents a change of +19.5% year over year.
  • Other sales and revenues- Other: $32.3 million compared to the $21.07 million average estimate based on five analysts. The reported number represents a change of +45.5% year over year.
  • Other sales and revenues- Advertising & subscription revenues: $36.3 million compared to the $38.23 million average estimate based on five analysts. The reported number represents a change of -4.2% year over year.

View all Key Company Metrics for CarMax here>>>

Shares of CarMax have returned -7.8% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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