CarMax Misses Q4 Targets, Halts Long-Term Growth Timelines

The used-car retailer reports lower-than-expected earnings and sales, citing macroeconomic uncertainties and tariff pressures.

CarMax reported Q4 earnings per share of $0.58, falling short of the $0.68 analyst consensus, with total revenue of $6 billion slightly exceeding projections.
The company sold 301,811 used vehicles, below the expected 312,800 units, with both retail and wholesale sales underperforming forecasts.
CarMax suspended its long-term growth timelines, citing uncertainty from broader macroeconomic factors, including rising vehicle prices due to tariffs.
Following the earnings report, CarMax's stock price dropped sharply, falling 18% by mid-day Thursday.
CEO Bill Nash highlighted potential price increases for used cars and reconditioning costs stemming from recently imposed tariffs on auto imports.