Financial Highlights (Q1 Fiscal 2027)
- Net Revenue: $8.0 billion (up 6.2% year-over-year).
- Net Earnings: $185.6 million (down 11.8% from $210.4 million).
- Earnings Per Share (EPS): $1.31 (a 5.1% decrease from $1.38).
- Unit Sales: Combined retail and wholesale units rose 3.3% to 392,357.
- Retail: Total units increased slightly to 230,293; comparable store sales declined by 0.8%.
- Wholesale: Units jumped 8.4% to 162,064.
Key Operational Metrics
- Cost Reduction: SG&A expenses fell 3.7% ($635.2 million), with the company remaining on track for a $200 million reduction target by the end of fiscal 2027.
- CarMax Auto Finance (CAF): Penetration increased by 150 basis points to 43.3%, though income saw a slight 1% dip due to a decline in outstanding loan volume.
- Digital Adoption: Digital tools supported 84% of total retail sales, with 70% being "Omni" (partially online/in-store) and 14% being fully online.
- Sourcing: The company purchased 322,000 vehicles, a 4.4% decline compared to the previous year.