CarMax reports Q4 net loss of $0.85/share; records $141M goodwill impairment; new CEO Keith Barr appointed

CARMAX INC

2026-FY EPS reported $1.68 revenue$25,881,131,000

Net loss of $120.7M ($0.85 EPS) vs. net income of $89.9M ($0.58) a year ago; adjusted EPS $0.34.
Revenue $5.95B, down 1.0% YoY; retail used units -0.8%, wholesale units +3.0%.
Recorded non-cash goodwill impairment of $141.3M; share repurchases paused after $50.4M in Q4.
Keith Barr appointed President & CEO effective March 16, 2026; increased SG&A reduction target to $200M by FY27.
CAF income $143.7M (-9.8%); loan loss provision $73.9M; $100M non-prime loans held for sale.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

CARMAX INC reported the fourth quarter and fiscal year ended February 28, 2026 results: EPS ($0.85) versus $0.58 a year ago. Guidance raised.

Period: the fourth quarter and fiscal year ended February 28, 2026
EPS: ($0.85) versus $0.58 a year ago
Guidance: raised
Result: reported results

Exact text from the filing

Net (loss) earnings per diluted share of ($0.85) versus $0.58 a year ago, as the quarter was negatively impacted by $0.99 related to a non-cash goodwill impairment and $0.20 of restructuring charges.

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Source: SEC EDGAR

accession 0001170010-26-000017

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