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Jun 18, 2026 8:40 AM

CarMax Analysts Boost Their Forecasts After Upbeat Q1 Results

CarMax (NYSE:KMX) reported better-than-expected earnings for the first quarter on Wednesday.

The company posted quarterly earnings of $1.31 per share which beat the analyst consensus estimate of 94 cents per share. The company reported quarterly sales of $8.014 billion which beat the analyst consensus estimate of $7.410 billion.

The company introduced a new growth strategy centered on four pillars: improving offerings, enhancing customer experience, maximizing transaction value, and running lean operations. CarMax said the company remains on track to deliver $200 million in SG&A savings this fiscal year.

“I came to CarMax because I saw a strong foundation, an award-winning, people-first culture, and significant potential to ...