Business
CarMax Reports Third Quarter Fiscal Year 2026 Results
RICHMOND, Va., December 18, 2025--CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2025.
About this update from Carmax Inc
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/09be41cd71066775ec7978c4e4f3afba"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/RDB8xToBk.a11MX5mlIe.g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/09be41cd71066775ec7978c4e4f3afba","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/9lFjWrdX5GRePp5OkRIkkw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/09be41cd71066775ec7978c4e4f3afba","width":1024,"height":512}},"lazy":false},{"type":"text","content":"RICHMOND, Va., December 18, 2025--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) today reported results for the third quarter ended November 30, 2025.","length":144,"tagName":"p"},{"type":"text","content":"Third Quarter Highlights:(1)","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Announced leadership changes effective December 1, 2025. Member of the Board, David McCreight, named Interim President and CEO; Chair of the Board, Tom Folliard named Interim Executive Chair of the Board. Search for permanent CEO underway.","length":239,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Retail used unit sales decreased 8.0% and comparable store used unit sales declined 9.0%; gross profit per retail used unit of $2,235, a decrease of $71 from last year’s third quarter record, in line with historical averages.","length":225,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Wholesale units decreased 6.2%; gross profit per wholesale unit of $899, a decrease of $116 per unit; both margin and volume were impacted by steep market depreciation.","length":168,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Extended Protection Plans (EPP) margin per retail unit of $570, in line with the prior year.","length":92,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Bought 238,000 vehicles from consumers and dealers, a decrease of 11.7%.","length":72,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"208,000 vehicles were purchased from consumers, down 12.1%","length":58,"tagName":"p","attribs":{}}]...