CarMax reported a significant miss in its fourth-quarter earnings, with a notable 27.2% drop in profit. The pre-owned vehicle retailer cited vehicle affordability challenges, including widespread inflationary pressures, higher interest rates, tightened lending standards, and low consumer confidence, as key factors impacting unit sales performance. Despite these challenges, the CEO highlighted growth in total used unit sales and comps, strong retail and wholesale gross profit per unit, and significant year-over-year growth in CAF income. However, CarMax's stock experienced a sharp decline, with pre-market trading figures showing a decrease of up to 13%, and a specific mention of a -6.2% drop PM and -8.8% pre-market. Additionally, CarMax adjusted its long-term sales target, extending the goal of reaching 2 million annual vehicle sales from 2026 to 2030. The company's fourth-quarter revenue was reported at $5.63 billion, falling short of the expected $5.78 billion, with earnings per share (EPS) at $0.32 versus the anticipated $0.46.