<div id="readability-page-1">Earnings beat fades: CarMax topped Wall Street estimates for Q4 profit and revenue, but shares still fell 8.5% in the following month. Profitability pressures: Pricing actions to spur sales hurt per-unit margins, while restructuring costs and softer retail service profits weighed on results. Cost-cutting push: The company raised its SG&amp;A savings goal to $200M by fiscal 2027 and plans new store and auction facility openings.</div>

<p>CarMax shares fell 8.5% despite exceeding Q4 profit and revenue estimates. The decline was attributed to pricing strategies that negatively impacted per-unit margins, along with restructuring costs and reduced retail service profits. The company aims to achieve $200M in SG&A savings by fiscal 2027 and is planning new store and auction facility openings.</p>

CarMax shares drop 8.5% despite earnings beat