CarMax Inc
- CarMax Inc. increased 3.6% to $54.00 after the automotive retailer reported its results for the fiscal first quarter ending in May.
Revenue increased 6.2% to $8.0 billion from $7.5 billion, net income decreased to $185.6 million from $210.4 million, and diluted earnings per share eased to $1.31 from $1.38 a year ago.
Retail used unit sales increased slightly, and comparable store used unit sales declined 0.8%; gross profit per retail used unit eased to $2,177 from the last year's record high of $2,407, reflecting the downward pricing trend over the last four quarters.
Total retail used vehicle revenues increased 4.7% compared to a year ago, driven by an increase in the average retail selling price of approximately $1,200 per unit, or 4.5%.
Total wholesale vehicle unit sales increased 8.4% from a year ago to 162,064; total wholesale revenue increased 14%, driven by an increase in units sold and a 5.1% increase in unit price, or $400 per unit.
Jun 17, 2026
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