# CarMax Earnings Show Consumer Spending Shift

> CarMax earnings reveal consumer appetite for big purchases amid economic headwinds.
- Title: CarMax Earnings Show Consumer Spending Shift · Pymnts
- Summary: CarMax earnings reveal consumer appetite for big purchases amid economic headwinds. CarMax's earnings call will show if consumers are buying used cars…
- Keywords: carmax, consumer spending, earnings call, used cars, interest rates, fuel prices, business, finance, Earnings, Show, Consumer, Spending
- Source: Pymnts — https://pymnts.com/earnings/2026/carmax-earnings-to-reveal-consumer-appetite-for-big-purchases
- Author: PYMNTS
- Published: 2026-09-28T18:06:06+00:00
- Read time: 1 min
- Topics: carmax, consumer spending, earnings call, used cars, interest rates, fuel prices, business, finance
## CarMax Earnings Call
CarMax holds earnings call Tuesday, Sept. 29, to show progress on its turnaround plan and consumer trends.
## Economic Challenges
Automotive industry faces higher interest rates, elevated fuel prices, and growing consumer caution this year.
## CarMax Turnaround
CarMax appointed Keith Barr as CEO in February after leadership change to drive transformational growth.
## Share Price Performance
CarMax shares rose 48% this year, outpacing S&P 500's 13% increase while competitors declined.
## Competitor Shares
AutoNation shares fell 19%, Asbury Automotive Group 20%, Carvana 23%, and Group 1 Automotive 36% this year.
## Digital Experience
CarMax said its digital car shopping experience is too complex and not connected to in-person experience.
## Key takeaway

CarMax's earnings call will show if consumers are buying used cars despite higher interest rates and fuel costs.