KMX Earnings: CarMax Stock Soars 10% Thanks to Strong Q1 Performance

CarMax (KMX) stock rallied on Friday following the release of the used car retailer’s Fiscal Q1 2026 earnings report. The company reported diluted earnings per share of $1.38, which beat Wall Street’s estimate of $1.16. It’s also a 42.3% increase year-over-year from 97 cents.

Adding to the positive earnings report was revenue of $7.55 billion, another beat compared to analysts’ estimate of $7.5 billion. CarMax’s revenue also grew 6.1% year-over-year from $7.11 billion.

KMX stock was up 10.88% in pre-market trading following its strong Q1 earnings report. However, the shares are still down 21.32% year-to-date and 10.19% over the past 12 months.