Investing.com -- CarMax reported quarterly earnings and revenue that topped analyst expectations, but shares fell after the used-car retailer recorded a $141.3 million goodwill impairment charge.

Shares fell more than 6% in premarket trading Tuesday by 07:03 ET.

The company earned $0.34 per share in the fourth quarter of fiscal 2026, beating the consensus estimate of $0.18, on revenue of $5.95 billion against expectations of $5.65 billion.

The goodwill writedown, taken during the quarter, was driven by a sharp decline in CarMax’s market capitalization, pressured financial performance during fiscal 2026, and downward revisions to the company’s long-term outlook, the company said.

Retail used vehicle unit sales slipped 0.8% year-over-year to 181,188, with comparable store sales down 1.9%. Average retail selling prices fell roughly $110 per unit. Wholesale unit sales rose 3.0% to 122,781, though wholesale revenues edged down 0.1% as average prices dropped about $270 per unit.

Combined retail and wholesale unit volume was little changed, up 0.7% to 303,969.

“We are moving with urgency to improve execution, drive efficiencies, and sharpen our customer offering,” said Keith Barr, President and CEO. “We will make CarMax the obvious choice for customers through competitive pricing, access to a large selection of high-quality vehicles, and an exceptional end-to-end customer experience."

For fiscal 2027, CarMax said it plans to open four new stores and four additional reconditioning and auction facilities, with capital expenditures expected around $400 million.