Quarterly ResultApr 14, 2026, 07:06 AM
CarMax Reports Q4 FY26 Net Loss of ($0.85) per Share
AI Summary
CarMax reported a net loss of ($0.85) per diluted share for Q4 FY26, significantly down from $0.58 a year ago, primarily due to a $0.99 non-cash goodwill impairment and $0.20 in restructuring charges. Excluding these items, adjusted net earnings per diluted share was $0.34. The company saw a slight increase in combined retail and wholesale unit sales by 0.7%, driven by a 3.0% rise in wholesale units, while retail used unit sales declined 0.8%. CarMax also increased its targeted SG&A reductions to $200 million by the end of fiscal year 2027.
Key Highlights
- Net loss per diluted share was ($0.85) compared to $0.58 a year ago.
- Adjusted net earnings per diluted share was $0.34, excluding $0.99 goodwill impairment and $0.20 restructuring charges.
- Combined retail and wholesale unit sales increased 0.7% to 303,969 units.
- Retail used unit sales decreased 0.8%, while wholesale units increased 3.0%.
- Targeted SG&A reductions increased to $200 million in exit rate savings by end of fiscal year 2027.