CarMax Q1 FY27 revenue rises 6.2% to $8.0B; EPS declines to $1.31

CarMax reported first quarter fiscal 2027 results with net revenues of $8.0 billion, up 6.2% year-over-year, alongside a new four-pillar growth strategy announced by CEO Keith Barr. Net earnings per diluted share decreased to $1.31 from $1.38 as pricing actions to boost sales offset margin gains, while the company expanded CAF financing penetration to 43.3%.