Stock Pulse
CarMax (KMX) reported mixed Q4 FY25 results [4], [5], [10], [12], with strong EPS growth driven by increased sales volume and improved CAF income [10] but same-store used vehicle sales slightly below expectations [5]. While Q1 FY26 shows positive early sales trends [10], CarMax suspended its long-term growth targets due to macroeconomic uncertainty [1], [7] and expects higher CAF provisions due to seasonality and credit adjustments [10]. The company's share price dropped 17% following the earnings report [1], [7], [9], reflecting investor concern over the suspended guidance and potentially challenging market conditions [1], [7]. Potential positive impacts from tariffs on new car imports [3], [5] might be offset by pricing out some consumers and broader economic uncertainty [5].