As of April 2026, CarMax's financial results reflect the pressure of their pricing adjustments and broader market headwinds: : Totaled $5.79 billion , a 6.9% decrease.
: Retail used-unit sales fell by 8% , while comparable-store sales dropped 1.9% . carmax buy car prices
CarMax is currently undergoing a "price reset" to address declining sales and the perception of being overpriced compared to local dealerships. As of April 2026, CarMax's financial results reflect
: The company is selectively lowering prices to close the gap with the broader used market, which has directly impacted their gross profit per unit (GPU), falling to $2,115 —a 9% decrease from the previous year. : The company is selectively lowering prices to
: Despite price relief efforts, CarMax rarely offers vehicles under $15,000 to $16,000 , with most inventory starting at $18,000 .
: The company reported a significant swing to a $120.7 million loss for the quarter, compared to a profit of $89.9 million in the prior year.