CarMax Eyes Earnings Report Amid Leaner Cost Structure

By EC Assets · Published 22 September 2026

CarMax Inc. stock could experience a 9% movement when the company releases its earnings report on September 29. The release is scheduled to occur before the market opens. CarMax is set to announce its upcoming report next week. The company has eliminated over 1,000 positions since 2024. These job cuts include 145 corporate positions, marking the third instance within a year. New CEO Keith Barr is pursuing a leaner cost structure for the used-car retailer. CarMax (KMX) does not possess the right combination of two key ingredients for a likely earnings beat. CarMax stock carries a "Sell" rating. The valuation appears stretched with a 37x P/E ratio. The company faces weak growth, interest rate-driven auto loan risk, and margin pressure. This article is intended for informational purposes only. It does not constitute investment advice.