CarMax falls as quarterly profit, revenue dip

Carmax

18/12/2025 13:21

** Shares of used-car retailer CarMax KMX.N fall nearly 8.2% to about $37.7 premarket

** KMX reports drop in Q3 revenue and profit, hurt by weaker demand and falling prices of used vehicles in the U.S.

** Posts Q3 earnings per diluted share of 43 cents, versus 81 cents a year ago

** Reports Q3 revenue of $5.79 bln, compared with $6.22 bln a year ago

** On track to cut at least $150 mln in selling, general and administrative costs by end of FY27 - KMX

** As of last close, shares down 49.8% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))