Loading...
•
Nov 30, 2025
CarMax Q3 2026 Earnings Report
CarMax reported its Q3 2026 results with lower revenue and earnings due to declines in used and wholesale vehicle sales.
Key Takeaways
CarMax faced weaker retail and wholesale performance in Q3 2026, but benefited from increased income at CarMax Auto Finance driven by gains from a securitization transaction.
Revenue by Segment
Forward Guidance
CarMax expects improved sales trends in Q4 FY2026 through competitive pricing and continued investment in marketing and inventory acquisition.
Positive Outlook
- Plan to improve price competitiveness by lowering retail used unit margins
- Marketing spend to remain elevated to drive traffic and sales
- Expected improvement in sales trends in Q4
- Ongoing SG&A reduction initiatives on track
- Further digital channel enhancements to support growth
Challenges Ahead
- Steep market depreciation continues to impact margins
- Ongoing pressure on retail and wholesale unit volumes
- Restructuring charges weighed on current quarter earnings
- Used vehicle cost environment remains volatile
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...