CarMax (KMX) Earnings Show Turnaround Progress, But Margin Pressure Remains

On September 29, CarMax, Inc. (NYSE:KMX) reported results for the second quarter of fiscal 2027 ended August 31, 2026. The company delivered a stronger-than-expected quarter as higher vehicle sales and controlled expenses drove earnings. The company reported revenue of $7.9 billion, up 19.5% year-over-year. Combined retail and wholesale unit sales increased 14.7%, while net earnings […]