CarMax Inc. reported adjusted earnings of 51 cents per share for the third quarter of fiscal 2026, beating estimates. Revenues totaled $5.8 billion, exceeding expectations. Used-vehicle net sales were $4.54 billion, with a decline in unit sales. The firm had $204.9 million in cash and $1.17 billion in long-term debt as of Nov. 30, 2025.

CarMax’s comparable store used-vehicle units and revenues fell, while wholesale vehicle revenues decreased. The firm saw an increase in CarMax Auto Finance’s income. Selling, general and administrative expenses rose, and CarMax repurchased shares worth $201.6 million. The company had $1.36 billion remaining under its share repurchase authorization.

In other auto news, THOR Industries reported earnings of 41 cents per share, beating estimates. AutoZone reported earnings of $31.04 per share, missing expectations. Advance Auto Parts reported adjusted earnings of 92 cents per share, surpassing estimates. THOR Industries registered revenues of $2.39 billion, AutoZone’s net sales grew to $4.63 billion, and Advance Auto Parts generated net revenues of $2.04 billion.

Zacks’ Research Chief Picks Stock Most Likely to “At Least Double”. The experts have revealed their Top 5 recommendations with money-doubling potential. Director of Research Sheraz Mian believes one is superior to the others. Check out the full report for more details and download 7 Best Stocks for the Next 30 Days.

Read more at Nasdaq: CarMax Q3 Earnings Surpass Expectations, Revenues Decline Y/Y