Quarterly ResultApr 14, 2026, 12:49 PM
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 impacted by 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. Combined retail and wholesale unit sales saw a modest increase of 0.7%, though retail used unit sales decreased by 0.8% and gross profit per retail unit declined. The company announced increased targeted SG&A reductions to $200 million by the end of fiscal year 2027 and the appointment of Keith Barr as President and CEO.
Key Highlights
- Net loss per diluted share was ($0.85), impacted by $0.99 goodwill impairment and $0.20 restructuring charges.
- Adjusted net earnings per diluted share was $0.34.
- Combined retail and wholesale unit sales increased 0.7% to 303,969 units.
- Retail used unit sales decreased 0.8%, with comparable store sales down 1.9%.
- Gross profit per retail used unit declined by $207 to $2,115.