CarMax reported a fourth-quarter net loss of $120.7 million, or $0.85 per share, versus net income of $89.9 million, or $0.58 per share, a year earlier. The loss included a non-cash goodwill impairment charge of $141.3 million, signaling a meaningful deterioration in reported earnings. The headline loss is likely to pressure the stock, though the impairment is non-cash.
CarMax reported a fourth-quarter net loss of $120.7 million, or $0.85 per share, versus net income of $89.9 million, or $0.58 per share, a year earlier. The loss included a non-cash goodwill impairment charge of $141.3 million, signaling a meaningful deterioration in reported earnings. The headline loss is likely to pressure the stock, though the impairment is non-cash.
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strongly negative
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