CarMax Posts Higher Profits on Strong Used-Car Sales
By wchung | 06 Apr, 2026
Used car dealership chain CarMax says its fiscal second-quarter net income rose 4.8 percent as an uncertain economy continued to boost sales of previously owned vehicles.
The Richmond, Va.-based company said Wednesday it earned $107.9 million, or 48 cents per share, in the three months that ended Aug. 31. That’s up from $103 million, or 46 cents per share, a year ago.
It says revenue rose 13 percent to $2.34 billion on strong used car sales and higher prices.
The company beat Wall Street estimates. Thomson Reuters says analysts expected a profit of 40 cents per share on revenue of $2.27 billion.
CarMax Inc. runs more than 100 stores that mainly sell used cars and trucks.
RICHMOND, Va.
Articles
- Trump Threatens 'Hell' on Civilian Infrastructure Unless Strait Opened
- Keiko Fujimori Leads Peru Presidential Polls a Week Out
- China Ready to Join with Russia to End Mideast Misery
- What Do You Call a President Who Never Learns from His Mistakes?
- Foxconn Q1 Revenue Jumps on Strong Demand for AI Servers
- US Rescues Airman As Iran Ignores Trump Threats
- What's the Best College for Asian Americans?
- Judge Blocks Trump from Forcing Colleges to Provide Race-Related Data
- Telegram's Durov Hails Russian Resistance Against Moscow's VPN Blocks
- Iran Leaves Door Open for Peace Talks, Mocks Trump's Demands