CarMax Will Release Second Quarter Earnings on September 29

The used vehicle retailer is set to publish its financial results before the market opens later this month.

Updated on Sept. 21, 2026 in Buying/Selling

Bold flat-color editorial illustration showing a grid of navy blue car icons, symbolizing institutional data and automotive market structure. — CarMax is scheduled to release its second-quarter fiscal 2026 earnings on September 29, with analysts projecting $6.94 billion in revenue. AI Illustration. Upload story photo >

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CarMax is scheduled to report its second quarter earnings for the 2026 fiscal year before the opening bell on September 29, 2026. Analysts currently estimate the company will report revenue of $6.94 billion and earnings of 70 cents per share.

Why it matters

Investors are closely watching the report to gauge the financial health of the used vehicle market following a series of price target adjustments from analysts. The results will provide insight into whether the company can meet expectations amidst current market fluctuations.

Analysts project quarterly earnings of 70 cents per share, up from the 64 cents reported in the same period last year. The consensus estimate for total quarterly revenue is $6.94 billion, compared to $6.59 billion during the prior year period.

The players

CarMax

This company is the largest used vehicle retailer in the United States and is headquartered in Richmond, Virginia.

Rajat Gupta

He is an analyst at JP Morgan who recently raised his price target for CarMax shares.

The details

Shares of the Richmond, Virginia-based company closed at $57.21 on September 18, 2026, following a 2 percent decline. Several firms have updated their price targets for the stock throughout the year, including a recent shift by JP Morgan.

CarMax posted its first quarter earnings on June 17, 2026.
Multiple analysts adjusted their price targets for the company on June 18, 2026.
JP Morgan updated its price target as shares closed at $57.21 on September 18, 2026.
CarMax will release its second quarter earnings report on September 29, 2026.

Roadmap

This earnings report arrives as the automotive retail industry grapples with shifting used vehicle demand and inventory pricing. CarMax must navigate these broader market pressures to maintain its position relative to evolving competition in the used car sector.

Fluctuations in the company share price often mirror wider trends in used vehicle financing costs and trade-in valuations for consumers. Shoppers looking to purchase or sell a vehicle may see these corporate financial results influence the competitive pricing strategies at local dealerships.

The takeaway

The upcoming earnings release will serve as a bellwether for the broader used car retail environment in the United States. Investors and consumers alike should monitor how the company aligns its performance with analyst revenue and profit expectations.