The stock will likely react negatively to the large goodwill impairment and miss on both EPS and revenue. However, the improved sales trend and raised SGA reduction target could be seen as a positive long-term signal. Monitor the new CEO's execution of the turnaround plan.
Price Chart
Executive Summary
CarMax reported a net loss of $0.85 per share in Q4 FY26, missing consensus by $0.51, driven by a $141.3M goodwill impairment and restructuring charges. Revenue of $5.95B missed estimates, though retail unit sales stabilized. The company raised its SGA reduction target to $200M by FY27 and appointed a new CEO, Keith Barr.
Key Financial Metrics
Key Facts
- Net loss of $0.85 per share vs. consensus of $0.24 and a prior year profit of $0.58
- Revenue of $5.95B, down 1.0% YoY and below consensus of $5.71B
- Recorded a $141.3M non-cash goodwill impairment charge
- Adjusted EPS (excluding impairment and restructuring) was $0.34, a 43.9% beat vs. consensus
- Retail used unit sales decreased 0.8%, an improvement from the prior quarter's 8.0% decline
Financial Impact
Net loss of $120.7M and a $141.3M non-cash goodwill impairment
Risk Factors
- The goodwill impairment signals significant investor concern about future profitability and market capitalization.
- The increase in SGA restructuring charges to $33.9M indicates ongoing operational challenges and cost pressures.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001170010-26-000017 |
| Document: kmx-20260414.htm | 0001170010-26-000017 |
| Document: 0001170010-26-000017-index-headers.html | 0001170010-26-000017 |
| Document: 0001170010-26-000017-index.html | 0001170010-26-000017 |
| Document: 0001170010-26-000017.txt | 0001170010-26-000017 |
| 8-K Data (Synthetic) | 0001170010-26-000017 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Press Release | $58.06 $62.64 | ▲ +7.89% | ▲ +7.29% | $54.92 (−5.41%) |
Jun 26, 2026 14w ago | Insider Cluster | $53.15 $58.29 | ▲ +9.67% | ▲ +9.95% | $54.92 (+3.33%) |
Jun 24, 2026 14w ago | 8-K | $52.90 $58.39 | ▲ +10.38% | ▲ +9.85% | $54.92 (+3.82%) |
Jun 17, 2026 15w ago | 8-K | $47.43 $58.47 | ▲ +23.28% | ▲ +21.96% | $54.92 (+15.79%) |
May 12, 2026 20w ago | 8-K | $37.03 $51.57 | ▲ +39.28% | ▲ +39.90% | $54.92 (+48.33%) |
Apr 14, 2026 24w ago | 8-K | $41.52 $39.08 | ▲ +5.87% | ▲ +12.16% | $54.92 (−32.29%) |
Apr 1, 2026 26w ago | Press Release | $40.28 $38.35 | ▼ −4.78% | ▼ −14.50% | $54.92 (+36.36%) |
Mar 17, 2026 28w ago | DEFA14A | $41.62 $40.46 | ▼ −2.79% | ▼ −8.83% | $54.92 (+31.97%) |
Mar 11, 2026 29w ago | DEFA14A | $40.97 $46.50 | ▲ +13.50% | ▲ +11.52% | $54.92 (+34.07%) |
US Market Status
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