CarMax KMX Q3 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, December 18, 2025 astatine 9:32 AM CST 54 min read

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Thursday, December 18, 2025 astatine 9:00 a.m. ET

• Interim Executive Chair of the Board — Tom Folliard

• Interim President and Chief Executive Officer — David McCraight

• Executive Vice President and Chief Financial Officer — Enrique Mayor-Mora

• Executive Vice President, CarMax Auto Finance — Jon Daniels

David Lowenstein: Thank you, Nikki. Good morning, everyone. Thank you for joining our fiscal 2026 3rd 4th net league call. I'm present contiguous with Tom Folliard, interim enforcement seat of the board, David McCraight, interim president and CEO, Enrique Mayor-Mora, enforcement vice president and CFO, and Jon Daniels, enforcement vice president, CarMax Auto Finance. Let maine punctual you our statements contiguous that are not statements of humanities fact, including but not constricted to, statements regarding the company's aboriginal concern plans, prospects, and fiscal performance, are forward-looking statements we marque pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995.

These statements are based connected our existent knowledge, expectations, and assumptions and are taxable to important risks and uncertainties that could origin existent results to disagree materially from our expectations. In providing projections and different forward-looking statements, we disclaim immoderate intent oregon work to update them. For further accusation connected important factors and risks that could impact these expectations, delight spot our Form 8-K filed with the SEC this morning, our yearly study connected Form 10-K for fiscal twelvemonth 2025, and our quarterly reports connected Form 10-Q antecedently filed with the SEC.

Please note, successful summation to our net release, we person besides prepared a quarterly capitalist presentation, and some documents are disposable connected the Investor Relations conception of our website. Should you person immoderate follow-up questions aft the call, delight consciousness escaped to interaction our capitalist relations section astatine (804) 747-0422, hold 7865. Lastly, fto maine convey you successful beforehand for asking lone 1 question and getting backmost successful the queue for much follow-ups. Tom?

Tom Folliard: Thank you, David, and bully morning, everyone. Thanks for joining us. Today, I'm gonna supply immoderate position connected our enactment changes and CEO search. Then crook the telephone implicit to David, who volition reappraisal our archetypal observations and the actions we are taking successful response. After that, Enrique and Jon volition talk to our 3rd 4th results earlier we unfastened the enactment for your questions. As galore of you know, I've been portion of CarMax for much than 30 years. Over that time, we've developed a beloved marque with nationalist scale, unmatched carnal and integer infrastructure, and an award-winning culture. However, caller results person been unacceptable and bash not bespeak the company's potential.