CarMax (KMX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - CarMax reported $6.59 billion in revenue for the quarter ended August 2025, a year-over-year decline of 6% and an EPS of $0.64 compared to $0.85 a year ago, missing the Zacks Consensus Estimate of $7.05 billion by 6.52% [1] - The company experienced a significant EPS surprise of -37.86%, with the consensus EPS estimate being $1.03 [1] Financial Performance Metrics - Comparable Store Used Vehicles Sales decreased by 7.1%, contrasting with the 1.5% average estimate from six analysts [4] - Total number of stores stood at 250, slightly below the five-analyst average estimate of 252 [4] - Average Selling Prices for used vehicles were reported at $25.99 thousand, lower than the $26.29 thousand estimated by five analysts [4] - Gross Profit per Unit for used vehicles was $2,216.00, compared to the $2,294.14 average estimate [4] - Gross Profit per Unit for wholesale vehicles was $993.00, exceeding the five-analyst average estimate of $957.55 [4] - Net sales and operating revenues for wholesale vehicles were $1.15 billion, slightly below the eight-analyst average estimate of $1.16 billion, representing a year-over-year change of -0.4% [4] - Net sales and operating revenues for used vehicles were $5.27 billion, compared to the $5.78 billion estimated by eight analysts, reflecting a -7.2% change year-over-year [4] - Other sales and revenues from third-party finance fees were reported at -$0.8 million, significantly lower than the $0.16 million estimated by six analysts, marking a -157.1% change year-over-year [4] - Extended protection plan revenues were $115.1 million, below the six-analyst average estimate of $126.26 million, representing a -5.2% change year-over-year [4] - Other sales and revenues from advertising & subscription were $37.9 million, exceeding the $34.85 million average estimate, showing a +10.5% change year-over-year [4] Stock Performance - CarMax shares have returned -8.1% over the past month, while the Zacks S&P 500 composite has increased by +2.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]