10:29 AM EST, 11/06/2025 (MT Newswires) -- CarMax ( KMX ) said Thursday it expects Q3 net earnings per diluted share of $0.18 to $0.36, including $0.09 of non-recurring expenses related to a leadership change and Customer Experience Center workforce reductions.

Analysts polled by FactSet expect $0.70.

It added it expects its comparable store unit sales to decline 8% to 12%. Analysts surveyed by FactSet expect a 3.4% decline.

CarMax ( KMX ) said its results have been impacted by a decline in retail unit sales, sharp depreciation in its wholesale business, and its marketing spend is likely higher as CarMax ( KMX ) supports its new brand positioning launch.

The used car retailer expects to report its fiscal Q3 results premarket Dec. 18.

CarMax ( KMX ) shares were down 12% in recent Thursday trading.

Price: 35.88, Change: -4.93, Percent Change: -12.08