Carmax

Q2 FY2027 EarningsQ2 FY27 delivered a significant beat on both top and bottom lines: revenue of $7.88B exceeded the $7.03B consensus (+12.1%), and Diluted EPS (GAAP) of $1.16 outperformed the $0.73 expected by 58.9%. Results were driven by a 13.8% YoY surge in used unit sales and a 15.9% increase in wholesale units, supported by more competitive pricing and enhanced regulatory transparency. While gross margin of 10.1% slightly missed the 10.2% consensus, strong SG&A leverage and a 32.1% increase in CarMax Auto Finance (CAF) income fueled the earnings beat.