CarMax Q1 Earnings Preview: Market Braces for Impact Amid Macro Headwinds
CarMax (KMX) faces a pivotal moment as it prepares to report Q1 FY26 earnings before Friday's market open. The used car retailer's stock has tumbled 21.3% YTD, battered by tariff concerns, interest rate pressures, and anemic consumer spending. Wall Street anticipates $1.16 EPS—a 20% YoY improvement—with revenue projected at $7.5 billion (5.5% growth).
April's earnings miss triggered a selloff after management abandoned timeline commitments for financial targets, citing macroeconomic uncertainty. William Blair's Sharon Zackfia maintains a Buy rating, forecasting 6.5% used unit COMP growth—the strongest performance since pandemic-era disruptions.