CarMax Inc reports QQ2 2026 revenue of $6.59 billion, down 5.97% year-over-year and 12.61% quarter-over-quarter, with gross profit of $717.7 million and a gross margin of 10.88%. Operating income rose 105.64% year-over-year to $308.3 million, reflecting ongoing cost discipline and leverage within the operating framework, while net income declined 28.18% year-over-year to $95.38 million and fell 54.66% quarter-over-quarter to $95.38 million, signaling financing and tax effects offsetting operating gains in the quarter. Diluted EPS came in at $0.64, down 23.53% YoY and 52.90% QoQ.