What to Expect From CarMax's Next Quarterly Earnings Report

Company Overview - CarMax, Inc. (KMX) has a market capitalization of $8.6 billion, making it the largest retailer of used vehicles in the U.S. and a leading operator of wholesale vehicle auctions [1] - The company operates through two segments: CarMax Sales Operations, which includes auto merchandising and related services, and CarMax Auto Finance, which provides financing solutions for customers [1] Financial Performance - CarMax is expected to announce its Q2 2026 results on September 25, with analysts forecasting an EPS of $1.03, representing a 21.2% increase from $0.85 in the same quarter last year [2] - For fiscal 2026, analysts predict an EPS of $3.89, up nearly 19% from $3.27 in fiscal 2025 [3] - In Q1 2026, CarMax reported revenue of $7.55 billion, a 6% increase, and a record EPS of $1.38, which is a 42% increase from the previous year [5] Market Performance - Over the past 52 weeks, CarMax shares have dropped 24.5%, underperforming the S&P 500 Index's gain of 16.4% and the Consumer Discretionary Select Sector SPDR Fund's return of 19.1% [4] - Following the Q1 2026 results, shares of CarMax climbed 6.6% on June 20, driven by positive investor sentiment [5] Analyst Sentiment - The consensus view on KMX stock is moderately optimistic, with a "Moderate Buy" rating overall among 19 analysts [6] - The breakdown of recommendations includes nine "Strong Buy," three "Moderate Buy," five "Hold," one "Moderate Sell," and one "Strong Sell," indicating a slightly more bullish outlook compared to three months ago [6]