What is CarMax's goodwill impairment?

CarMax (KMX) reported goodwill impairment of $141.3M in Q4 2025.

What does goodwill impairment mean?

Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.

CarMax KMX Goodwill impairment

Goodwill impairment at other companies

Penske Automotive GroupPAG

$0—

Ally FinancialALLY

$0-100%

CaterpillarCAT

$0—

Cavco IndustriesCVCO

$0—

Other financials

Income statement

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Revenue$8.0B+6.2%

Gross profit$854.4M-4.4%

Net income$185.6M-11.8%

EPS (diluted)$1.31-5.1%

Balance sheet

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Cash & equivalents$132.2M-49.7%

Total debt$2.8B+20.0%

Total assets$26.6B-2.8%

Cash flow

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Operating cash flow$17.6M-94.1%

CapEx$103.3M-24.4%

Free cash flow-$85.7M-153%

Valuation

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Market cap$7.61B-34.0%

Enterprise value$10.26B-22.9%

P/E13.8×-17.7×

P/S0.3×-0.1×

Profitability

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Gross margin10.5%-0.7pp

Net margin1.8%0.0pp

FCF margin7.5%—

Returns & leverage

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Current ratio2.7×+0.3×

Where this comes from

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: CarMax’s 10-K, filed April 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarMax's goodwill impairment?: CarMax (KMX) reported goodwill impairment of $141.3M in Q4 2025.
What does goodwill impairment mean?: Write-down of goodwill carrying value when a reporting unit's fair value falls below its book value, indicating that past acquisitions have lost value.