CarMax Q3 net earnings drop 50% to USD 62.2 million

+1.15%

CarMax, Inc.

KMX

41.43

+1.15%

CarMax Inc. reported its financial results for the third quarter ended November 30, 2025. Net sales and operating revenues for the quarter totaled USD 5.8 billion. Gross profit reached USD 590.0 million, with a gross profit margin of 10.2 percent. CarMax Auto Finance income stood at USD 174.7 million, accounting for 3.0 percent of revenues. Selling, general, and administrative expenses were USD 581.4 million, or 10.0 percent of revenues. Interest expense for the quarter was USD 26.1 million, representing 0.5 percent of revenues. Net earnings for the third quarter were USD 62.2 million. Diluted earnings per share for the period were USD 0.43. The company reported retail used unit sales declined 8.0 percent and comparable store used unit sales decreased 9.0 percent. Gross profit per retail used unit was USD 2,235. Wholesale units decreased 6.2 percent, and gross profit per wholesale unit was USD 899. Margin per retail unit for Extended Protection Plans was USD 570. For the nine months ended November 30, 2025, net sales and operating revenues totaled USD 19.9 billion, with gross profit at USD 2.2 billion and CarMax Auto Finance income at USD 419.0 million. Net earnings for the nine-month period were USD 368.0 million, and diluted earnings per share were USD 2.46.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CarMax Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251218188199) on December 18, 2025, and is solely responsible for the information contained therein.

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