---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-26-000017"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2026-04-14T23:59:59+00:00"
generated_at: "2026-05-15T06:18:04.647511+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001170010-26-000017
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2026-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001026000017/0001170010-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001026000017/kmx-20260414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-26-000017
- JSON: https://secwatch.observer/filing/0001170010-26-000017.json
- Plain text: https://secwatch.observer/filing/0001170010-26-000017.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1170010/000117001026000017/0001170010-26-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.