CarMax Finance Number data indicate net finance receivables reached $15.8B, up from $15.1B last quarter. Such capital expansion often signals strong sales activity, supporting short-term upward pressure on the company’s shares. Steve Symington has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CarMax. The Motley Fool has a disclosure policy . CarMax's fiscal second-quarter 2026 results paint a clear picture of a company navigating a tough economic landscape. Beyond the headline EPS miss, total net sales and operating revenues for the quarter decreased by 6.0% year-over-year to $6.59 billion, falling short of consensus estimates that hovered around $7.05 billion. This revenue contraction was primarily driven by a significant decline in unit sales across both retail and wholesale segments. Retail used unit sales decreased by 5.4%, while comparable store used unit sales saw an even sharper decline of 6.3%. Wholesale units also experienced a 2.2% drop. Stock market sentiment toward CarMax strengthened after CarMax Finance Number indicated portfolio charge-off rates dropping to 1.7%. Decreasing losses often translates to improved valuation multiples in equity models.
