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CARmax® NEWS RELEASE CarMax Reports Second Quarter Fiscal 2027 Results 2026-09-29 Announces plans to resume share repurchases in Q3 FY '27 . Company to host Strategic Update on November 3rd RICHMOND , Va .-- ( BUSINESS WIRE ) -- CarMax , Inc. ( NYSE : KMX ) today reported results for the second quarter ended August 31 , 2026 . Second Quarter Highlights : ( 1 ) • Total net revenues rose 19.5 % to $ 7.9 billion . • Combined retail and wholesale unit sales of 387,735 , an increase of 14.7 % . • Retail used unit sales increased 13.8 % and comparable store used unit sales increased 13.0 % ; gross profit per retail used unit of $ 2,105 declined by $ 111 , reflecting the continuation of pricing actions implemented to support an improved sales trend . • Wholesale units increased 15.9 % ; gross profit per wholesale unit of $ 858 , a decrease of $ 135 . • Extended Protection Plans ( EPP ) margin per retail unit of $ 623 , an increase of $ 46 . Bought 310,107 vehicles from consumers and dealers , an increase of 5.9 % . per unit . • SG & A expenses increased 4.6 % to $ 628.6 million , while leveraging robustly by $ 157 , or 8.8 % , per total unit . Ongoing cost reduction efforts were offset as we annualized over materially reduced incentive - based compensation and by variable costs tied to strong unit growth . • CarMax Auto Finance ( CAF ) income increased 32.1 % to $ 135.6 million . In regard to the continued execution of our full spectrum growth strategy , CAF financed 22 % of Tier 2 volume versus 10 % a year ago and was the largest lender in this space . • Net earnings per diluted share of $ 1.16 versus $ 0.64 a year ago , an increase of 81.3 % . • Plan to resume share repurchases in the third fiscal quarter of this year . 1