Carmax

Q1 FY2027 EarningsQ1 FY27 revenue reached $8.01B, up 6.2% YoY, driven by a 4.5% increase in used vehicle average selling prices and 14.0% growth in wholesale revenue. Net earnings declined 11.8% YoY to $185.6M, with diluted EPS at $1.31, as used vehicle gross profit per unit fell 9.6% YoY to $2,177 due to strategic pricing actions. CAF income remained stable at $140.2M, while SG&A per total unit improved 6.8% YoY to $1,619, reflecting progress in cost reduction initiatives.