Every 10-Q that Carmax (KMX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow KMX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KMX filings page.
CarMax, Inc. reported first-quarter fiscal 2027 results showing modest sales growth but softer profitability. Net sales and operating revenues rose to $8.01 billion, up 6.2% from the prior-year quarter, driven mainly by higher wholesale vehicle sales.
Net earnings declined to $185.6 million, down 11.8%, with diluted earnings per share of $1.31 versus $1.38 a year ago. Gross profit fell 4.4% to $854.4 million as used gross profit per unit dropped 9.6% to $2,177, while wholesale gross profit per unit was essentially flat at $1,046.
Used unit sales were 230,293, roughly unchanged year over year, and comparable-store used unit sales decreased 0.8%. Wholesale unit sales increased 8.4% to 162,064. CarMax Auto Finance income was $140.2 million, down 1.0%, as provision for loan losses remained elevated.
Operating cash flow was $17.6 million, significantly below $299.5 million in the prior-year period, reflecting higher growth in auto loans held for sale and working capital shifts. Total assets were $26.63 billion, with shareholders’ equity of $6.12 billion. Management notes leverage is slightly above its targeted range, and share repurchases remain paused, though the company reiterates plans to resume buybacks when conditions warrant.
CarMax, Inc. reported lower results for the quarter ended November 30, 2025. Net sales and operating revenues were $5.79 billion, down from $6.22 billion a year earlier, as both used and wholesale vehicle sales declined. Quarterly net earnings fell to $62.2 million from $125.4 million, with diluted EPS decreasing to $0.43 from $0.81, reflecting weaker gross profit and higher operating costs as a share of revenue.
For the first nine months, revenue was $19.94 billion versus $20.35 billion and net earnings were $368.0 million versus $410.7 million. CarMax Auto Finance contributed income of $174.7 million in the quarter, helped by a $27.0 million gain on a non-prime securitization of about $930 million of auto loans. The allowance for loan losses on auto loans held for investment increased to $474.8 million as of November 30, 2025.
Operating cash flow was strong at $2.34 billion for the nine months, aided by a large reduction in inventory. The company repurchased 10.49 million shares for $588.4 million year-to-date, reducing shares outstanding to 143.1 million. CarMax also amended and partially repaid its term loan, cutting the balance to $500 million and extending maturity to 2030.
CarMax (KMX) reported interim results showing mixed operating strength and credit pressure. Operating cash flow improved to $1.09 billion for the first six months of fiscal 2026 versus $501.4 million a year ago, while inventory declined to $3.15 billion as the company right-sized stock. CarMax Auto Finance (CAF) services ~1.1 million accounts in a $17.69 billion loan portfolio. Credit deterioration drove a higher provision for loan losses of $142.2 million in Q2 and $243.9 million year-to-date, raising the allowance to 3.02% of loans. Liquidity appears supported by available revolver capacity, a $700 million term loan at 5.36% and a $2.0 billion repurchase authorization (about $1.56 billion remaining). A subsequent non-prime securitization sold ~$930 million of loans with an expected gain of $25–30 million.
CarMax (NYSE:KMX) filed its Form 10-Q for the quarter ended May 31 2025.
The report covers the three-month period beginning March 1 2025 and provides detailed segment data for Used Vehicles, Wholesale Vehicles and Other. Key disclosures include:
- Shares outstanding: 150.6 m basic / 153.3 m diluted
- Net sales & operating revenue tables for each segment versus the prior-year quarter
- CarMax Auto Finance credit metrics, allowance for loan losses and receivable credit-grade mix
- Capital structure listing a revolving credit facility, October 2021 term loan, senior notes due 2026 & 2028, multiple warehouse lines and term ABS
- Ongoing share-repurchase program and stock-based compensation activity
The filing also details derivative hedges, fair-value hierarchy and maturity schedules. No updates to previously issued guidance were included.