KMX Q4 2026

Q1 2027 Q4 2026 Q3 2026 Q2 2026 Q1 2026 Q4 2025

Earnings

CarMax delivered a sharply better-than-expected fourth quarter of fiscal 2026, with adjusted earnings per diluted share of $0.34 beating the $0.18 consensus by 91.33%, while revenue of $5.95 billion topped estimates of $4.25 billion by 39.86%, even a… Read more CarMax delivered a sharply better-than-expected fourth quarter of fiscal 2026, with adjusted earnings per diluted share of $0.34 beating the $0.18 consensus by 91.33%, while revenue of $5.95 billion topped estimates of $4.25 billion by 39.86%, even as total revenue fell 8.1% year over year. The headline beat, however, masked a deeply pressured quarter beneath the surface: the company posted a GAAP net loss of $120.68 million, weighed down by a $141.26 million non-cash goodwill impairment charge and $33.90 million in restructuring costs tied to CEO succession and workforce reductions. Retail used unit comps slipped 1.9% as deliberate pricing actions compressed gross profit per retail used unit by $207 to $2,115, and total gross profit fell 9.4% to $605.30 million. Ahead of the print, investor expectations had already skewed cautious, with options markets pricing in an outsized post-earnings swing. New CEO Keith Barr moved quickly to raise the company's targeted SG&A cost reduction goal to $200 million in exit-rate savings by the end of fiscal 2027, with four new store openings and roughly $400 million in capital expenditures planned for the year ahead.