CarMax Posts Loss In Q4
(RTTNews) - CarMax, Inc. (KMX) reported a fourth quarter net loss of $120.7 million or $0.85 per share, compared to net income of $89.9 million or $0.58 per share, prior year. The company recorded a non-cash goodwill impairment charge of $141.3 million during the fourth quarter of fiscal 2026.
Net sales and operating revenues were $5.95 billion, compared to $6.00 billion, prior year. Combined retail and wholesale used vehicle unit sales were 303,969, an increase of 0.7%.
In pre-market trading on NYSE, CarMax shares are down 6.85 percent to $45.70.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.