CarMax Inc. (KMX) beat expectations in Q1 FY2027 on revenue of $8.0B versus the $7.4B estimate (+6.2% YoY) and EPS of $1.31. The next CarMax Inc. (KMX) earnings date is Sep 29, 2026. Below is the full CarMax Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
CarMax Inc. (KMX) Earnings Analysis — key stats
Next earnings date
Sep 29, 2026
Latest reported quarter
Q1 FY2027
Earnings verdict
Beat
EPS beat rate
5 of last 8 (quarters above estimate)
Avg next-day move
±9.3% (over the last 8 reports)
Post-earnings direction
Up 4 / Down 4 (of the last 8 reports)
Implied move (next report)
±9.3% (options-derived · into Sep 29, 2026)
Institutional ownership
55.4% (13F as of 2026-06-30)
Top 10 holders
48.2% (of shares outstanding)
Insider activity
12 buys / 0 sells (recent Form 4 filings)
Revenue
$8.0B (vs $7.4B est · +7.9% surprise · +6.2% YoY)
EPS
$1.31 (vs $0.96 est · +35.8% surprise · -5.1% YoY)
Share price
$59.92 (-0.2%)
Market cap
$8.5B
CarMax Inc. (KMX) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q2 FY2027
$8.0B vs $7.4B est
$1.31 vs $0.96 est
+35.8%
+3.0%
Beat
Q1 FY2027
$5.9B vs $5.7B est
$0.34 vs $0.23 est
+48.9%
-17.5%
Beat
Q4 FY2026
$6.2B vs $5.6B est
$0.51 vs $0.31 est
+66.4%
-6.3%
Beat
Q3 FY2026
$7.1B vs $7.0B est
$0.64 vs $1.04 est
-38.5%
-21.4%
Mixed
Q2 FY2026
$7.5B vs $7.5B est
$1.38 vs $1.16 est
+19.0%
+4.4%
Mixed
Q1 FY2026
$6.0B vs $6.0B est
$0.64 vs $0.66 est
-3.0%
-14.6%
Mixed
Q4 FY2025
$6.2B vs $6.0B est
$0.81 vs $0.59 est
+37.3%
+3.5%
Beat
Q3 FY2025
$7.0B vs $6.8B est
$0.85 vs $0.86 est
-1.2%
+3.8%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
12.0%
17.1M
$904.0M
-1.0%
Undisclosed filer
5.1%
7.3M
$385.4M
+0.1%
Aqr Capital Management LLC
4.7%
6.6M
$349.0M
-34.2%
Vanguard Capital Management LLC
4.5%
6.4M
$339.6M
+0.5%
Srs Investment Management, LLC
4.2%
5.9M
$313.3M
+4.8%
Two Sigma Investments, LP
4.1%
5.8M
$308.5M
+9.1%
State Street Corp
3.6%
5.2M
$272.7M
+5.6%
Dimensional Fund Advisors LP
3.5%
5.0M
$263.1M
+16.4%
Undisclosed filer
3.3%
4.6M
$245.7M
+100.0%
Primecap Management CO/Ca/
3.1%
4.4M
$230.5M
+0.0%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
KESSLER JAMES FRANCIS
director
2026-06-26
Buy
4K
—
OShaughnessy Robert
director
2026-06-26
Buy
4K
—
COBB WILLIAM C
director
2026-06-26
Buy
4K
—
ONeil Mark F
director
2026-06-26
Buy
4K
—
Chawla Sona
director
2026-06-26
Buy
4K
—
FOLLIARD THOMAS J
director
2026-06-26
Buy
4K
—
Bensen Peter J
director
2026-06-26
Buy
4K
—
Shinder Marcella
director
2026-06-26
Buy
4K
—
What you'll find
Next CarMax Inc. (KMX) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment CarMax Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in CarMax Inc. (KMX)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is CarMax Inc.'s next earnings date?
CarMax Inc.'s (KMX) next scheduled earnings date is Sep 29, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did CarMax Inc. (KMX) beat or miss earnings?
In Q1 FY2027, CarMax Inc. (KMX) posted beat results — revenue of $8.0B versus the $7.4B estimate (+7.9% surprise) and EPS of $1.31 versus $0.96 expected (+35.8% surprise). Magnisto decodes every CarMax Inc. (KMX) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does CarMax Inc. beat earnings estimates?
Over its last 8 reported quarters, CarMax Inc. (KMX) beat Wall Street EPS estimates 5 times, most recently a beat result in Q2 FY2027. Magnisto tracks every CarMax Inc. (KMX) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does CarMax Inc. stock move after earnings?
Over its last 8 quarterly reports, CarMax Inc. (KMX) moved an average of ±9.3% the day after earnings — ranging from -21.4% (Q3 FY2026) to +4.4% (Q2 FY2026). The stock rose after 4 of those 8 reports and fell after 4. Heading into its next report on Sep 29, 2026, options-implied volatility is pricing in a move of roughly ±9.3% (derived). Magnisto tracks the realized post-earnings move for every CarMax Inc. (KMX) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of CarMax Inc.?
Institutions hold about 55.4% of CarMax Inc.'s (KMX) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (12.0%), Undisclosed filer (5.1%), Aqr Capital Management LLC (4.7%). Magnisto lists CarMax Inc.'s (KMX) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling CarMax Inc. (KMX)?
In the most recent Form 4 filings Magnisto tracks, CarMax Inc. (KMX) insiders recorded 12 purchases and 0 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for CarMax Inc. (KMX) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for CarMax Inc. (KMX), anchored to the current $59.92 share price, so you can weigh the bull, base and bear cases for CarMax Inc. side by side.
Is CarMax Inc. (KMX) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether CarMax Inc. fits your own thesis and risk profile. This is research, not investment advice.