secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001170010-26-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000017/0001170010-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000017/kmx-20260414.htm
  HTML page:      https://secwatch.observer/filing/0001170010-26-000017

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