CarMax Will Release Second Quarter Earnings September 29
Investors are watching for the latest financial performance update from the nation's largest used car retailer.
Updated on Sept. 21, 2026 in Buying/Selling
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CarMax is scheduled to release its second quarter earnings report before the opening bell on September 29, 2026. Analysts currently project earnings of 70 cents per share with estimated revenue reaching $6.94 billion.
Why it matters
The upcoming report offers a financial snapshot of the used vehicle market, which can signal broader trends in vehicle pricing and consumer demand. These figures help provide context for the current affordability of cars and the health of the automotive retail sector.
Analysts project earnings of 70 cents per share and $6.94 billion in revenue for the quarter. This follows a period of stock price adjustments, including a 2 percent decline on September 18, 2026, when shares closed at $57.21.
The players
CarMax
Headquartered in Richmond, Virginia, this retailer is one of the largest national dealers of used vehicles.
JP Morgan
A global financial institution whose analyst Rajat Gupta provides ongoing equity research and price targets for automotive retailers.
The details
The upcoming earnings release will detail the financial performance of the Richmond-based retailer as it balances vehicle inventory costs and shifting demand. Market analysts have adjusted their price targets throughout the year, with JP Morgan recently raising its target to $70. Investors monitor these reports to understand how the company is managing the balance between supply, demand, and operational overhead in the competitive used car landscape.
Timeline
June 17, 2026: CarMax posted its first quarter earnings.
June 18, 2026: Multiple financial analysts adjusted their price targets for the company.
September 18, 2026: JP Morgan raised its price target as shares closed at $57.21.
September 29, 2026: CarMax will release its second quarter earnings report.
The Home Front
This report sits within the broader trend of automotive retail valuation, reflecting how public market sentiment tracks with used vehicle supply. It follows patterns established by previous quarterly disclosures that define how major dealers manage inventory costs and consumer pricing.
Keep an eye on these quarterly results if you are planning a vehicle purchase or trade-in, as they often correlate with dealer inventory strategies and price changes. You may want to review your budget and compare vehicle values online before visiting a dealership in the coming weeks.
The takeaway
The upcoming earnings release provides a benchmark for the health of the used car market heading into the final months of the year. Prospective buyers should track these trends as indicators of how dealerships might adjust vehicle pricing and trade-in offers in the near future.
What happens next
CarMax will release its second quarter earnings report before the opening bell on September 29, 2026.
Further reading
For more on navigating the current market for vehicle purchases, see our guide to Buying/Selling.
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