CarMax Shares Decline After Disappointing Earnings Report
CarMax (NYSE: KMX) shares fell 13.3% following a disappointing Q4 2026 earnings report, driven by declining average selling prices and lower gross profits. The company's new CEO, Keith Barr, faces challenges in a price-sensitive market, and the CFO highlighted that lower pricing had the biggest impact on sales growth.
Topics: Earnings Gross Profit Decline Management Changes Market Conditions Stock Price Movement