CarMax Inc.
(NYSE:KMX) reported first-quarter fiscal 2027 earnings and revenue above Wall Street expectations, but the stock fell in Wednesday's premarket trading as investors focused on margin pressure and declining gross profit per retail used vehicle.
Earnings Beat Estimates The used-car retailer reported adjusted earnings of $1.31 per share, exceeding the analyst consensus estimate of 94 cents.
Revenue increased 6.2% year over year to $8.01 billion, beating analysts' expectations of $7.41 billion.
Gross profit declined 4.4% from a year earlier to $854.4 million.
