Carmax Buy Car Prices May 2026

The average selling price for a used vehicle at CarMax was for the fourth fiscal quarter ending February 28, 2026. This represents a slight year-over-year decrease of 0.4% as the company implements a turnaround strategy to lower prices and win back market share from traditional dealers. Current Market Position & Pricing Strategy

As of April 2026, CarMax's financial results reflect the pressure of their pricing adjustments and broader market headwinds: : Totaled $5.79 billion , a 6.9% decrease. carmax buy car prices

: Retail used-unit sales fell by 8% , while comparable-store sales dropped 1.9% . The average selling price for a used vehicle

: The company reported a significant swing to a $120.7 million loss for the quarter, compared to a profit of $89.9 million in the prior year. : Retail used-unit sales fell by 8% ,

CarMax is currently undergoing a "price reset" to address declining sales and the perception of being overpriced compared to local dealerships.