Filing Flows › CarMax (KMX) › Q1 FY27 › vs Q1 FY26
CarMax (KMX) Q1 FY27 vs Q1 FY26 (year over year)
CarMax's revenue rose $467M (+6%) from $7.5B in Q1 FY26 to $8.0B in Q1 FY27. The biggest changes: Used vehicle sales +$288M (+5%); Wholesale vehicle sales +$175M (+14%); Total other sales and revenues +$6.7M (+4%). Gross margin 10.7% against 11.8% (-1.2 pts).
CarMax, Q1 FY27: revenue $8.0B (+6% year over year), operating margin 3.2%, net earnings $186M, operating cash flow $17.6M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 10.7% | 11.8% | -1.2 pts |
| Operating margin | 3.2% | 3.8% | -0.5 pts |
| Net margin | 2.3% | 2.8% | -0.5 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Extended protection plan revenues | $134M | $132M | $1.8M | +1% |
| Advertising & subscription revenues | $36.7M | $36.5M | $200K | +0.5% |
| Service revenues | $24.2M | $19.5M | $4.7M | +24% |
| Total other sales and revenues | $194M | $188M | $6.7M | +4% |
| Used vehicle sales | $6.4B | $6.1B | $288M | +5% |
| Wholesale vehicle sales | $1.4B | $1.3B | $175M | +14% |
| Other | $4.7M | $3.4M | $1.3M | +38% |
| Revenue | $8.0B | $7.5B | $467M | +6% |
| Gross profit | $854M | $894M | −$39.2M | -4% |
| Cost of revenue | $7.2B | $6.7B | $506M | +8% |
| Operating profit | $259M | $283M | −$24.6M | -9% |
| Operating expenses | $596M | $610M | −$14.6M | -2% |
| Pre-tax earnings | $259M | $283M | −$24.6M | -9% |
| Net earnings | $186M | $210M | −$24.8M | -12% |
| Income tax | $72.9M | $72.7M | $181K | +0.2% |
| Operating cash sources | $320M | $337M | −$16.7M | -5% |
| Depreciation & amortization | $92.9M | $79.8M | $13.1M | +16% |
| Share-based compensation | $41.9M | $47.0M | −$5.0M | -11% |
| Working capital & other | $303M | $37.6M | $265M | +705% |
| Operating cash flow | $17.6M | $300M | −$282M | -94% |
| Capital expenditures | $103M | $137M | −$33.4M | -24% |
| Negative free cash flow (OCF − capex) | $85.7M | −$163M | $249M | — |
Questions
How much did CarMax's revenue grow year over year in Q1 FY27?
CarMax's revenue rose $467M (+6%) from $7.5B in Q1 FY26 to $8.0B in Q1 FY27.
What drove CarMax's revenue change in Q1 FY27?
Used vehicle sales +$288M (+5%); Wholesale vehicle sales +$175M (+14%); Total other sales and revenues +$6.7M (+4%).