CarMax
CarMax Surpasses Estimates but Shares Tumble as CEO Departs Amid Strategy Pivot
On December 18, 2025, CarMax Inc. (NYSE: KMX) released a third-quarter earnings report that, on the surface, appeared to be a victory for the nation’s largest used-car retailer. Beating analyst expectations on both the top and bottom lines, the company reported adjusted earnings of $0.51 per share against