CarMax just lost $121 million. Here's what that means for you.

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Used car prices are softening, subprime lending is surging, and the nation's largest dealer is bleeding cash. Here's how to use that to your advantage. Hi there, The nation's largest used car retailer just posted a $120.7 million loss. A year ago they made $89.9 million in profit. We just published our full breakdown of what CarMax's earnings mean for used car prices in 2026 (https://email.caredge.com/e3t/Ctc/ZX+113/d5b4T104/VWStDM4wN5WXW6WmKgp63vjtKW3pvQRf5MWMwdN3S9PHK3prCCW8wLKSR6lZ3mLW2SXZrT7B71csW4_wtPy7Wj7sbW1KLnS16BT51bW7h9zC22FgzgLW2y7fPP7QzY1NN1Tvkr9zH2jXW5G7Pml1WkzTJN6l9kyvvM9b5V1gPhz8Ly-cFW7YgVvm4mfNnsW1fjSyN1DjrZPW65q6KL1RGghfW7DlQnq4hxgn_W1rkYkJ1NjZF1W3y38Yl1C-3-lW26JNkt23dlt4N3ckM_1vZQhdW1pc3s05BG8KYW66FXqN3pt7D_W4Hmy2t5pxdjhW2lXs9V5BhvL5W8bsnZ485KGvyW7s2njz69GxwGW68Pf5G7fthvzW2tPQZJ8jvqk4W52bWxD61w268VjsWh388HKmfW977CKT2hx-n5f7wK_RH04 ) and how buyers should use this moment. The bottom line: prices aren't crashing, but dealers have less power than they've had in years. If you know what you're doing, this is the best buying environment since before the pandemic. 👉 Read the full breakdown: What CarMax's $121M Loss Means for Used Car Prices (https://email.caredge.com/e3t/Ctc/ZX+113/d5b4T104/VWStDM4wN5WXW6WmKgp63vjtKW3pvQRf5MWMwdN3S9PHK3prCCW8wLKSR6lZ3mLW2SXZrT7B71csW4_wtPy7Wj7sbW1KLnS16BT51bW7h9zC22FgzgLW2y7fPP7QzY1NN1Tvkr9zH2jXW5G7Pml1WkzTJN6l9kyvvM9b5V1gPhz8Ly-cFW7YgVvm4mfNnsW1fjSyN1DjrZPW65q6KL1RGghfW7DlQnq4hxgn_W1rkYkJ1NjZF1W3y38Yl1C-3-lW26JNkt23dlt4N3ckM_1vZQhdW1pc3s05BG8KYW66FXqN3pt7D_W4Hmy2t5pxdjhW2lXs9V5BhvL5W8bsnZ485KGvyW7s2njz69GxwGW68Pf5G7fthvzW2tPQZJ8jvqk4W52bWxD61w268VjsWh388HKmfW977CKT2hx-n5f7wK_RH04 ) 5 ways to use this moment: 1️⃣ Target cars sitting 45+ days on the lot — dealers are under pressure to move aging inventory. 2️⃣ Get pre-approved before you shop — used car APRs range from 6.8% to 21%+ depending on credit. Don't let the dealer pick your rate. 3️⃣ Avoid 72- and 84-month loans — you'll be underwater within 18 months on a car averaging 70K+ miles. 4️⃣ Check the Dealer Transparency Index (https://email.caredge.com/e3t/Ctc/ZX+113/d5b4T104/VWStDM4wN5WXW6WmKgp63vjtKW3pvQRf5MWMwdN3S9PH63prCCW7lCdLW6lZ3lsW1H75xQ4v2Dt2Vf464294HqMdW4ybb3W35sswyVlF1Rn2xR27vW7-Zwx931jWvHW7fw4L65qcLDxW7YVvVx64T9hBVdrWr43xmlNrW7zr8Y92tb-6MN4s8wnPr9KV6W1cFL2d8y2tb1W6NK0HD6f3xYyW78BBTg8fKkppW742FP64J2XqkW7Dp-9d9dwxNWW1VtsR37swqtLW2KZdkf6vnY9ZMnc7mrT4qq8VCgLSj6b0V4vW19th3W7N9bL4W2_P18s851cZWW2CK04V6YBWNlW1fLQW03gFDc2VJBPFy5rZh1Zf1bVHGK04 ) before you visit any dealer — know their pricing behavior in advance. 5️⃣ Look up the real cost of ownership (https://email.caredge.com/e3t/Ctc/ZX+113/d5b4T104/VWStDM4wN5WXW6WmKgp63vjtKW3pvQRf5MWMwdN3S9PGR3prCCW6N1vHY6lZ3kqW2n4hZX31WhCpW7RqtD12xG66HW1PR6px5S9L4ZVJH_Tv4wpMmNN1_gy4qsNlbMW7Cpwg25lzdyrW6jn8zb39wT8YW5qP77l2dd_bQW2PtwcC4q6-PvN93chfjzX7xVW9kb4z78bS2_MVXsVw066FwPNW1Gxpyz1LSNcBW5qtR2m1x6nPJW7KmTXW2cw0kXW6fr6sn3sJN4TW4H0PKY5FQkWNW62sddL1LtPkSN8tkD5VWs1KnW8D4rFB3MGgffW1QCYXz6Q5XwMW7dwxRm7GrVVQf6R8Pfv04 ) on any car you're considering — not just the sticker price. The data is free. The leverage is real. → Start your search on CarEdge for free (https://email.caredge.com/e3t/Ctc/ZX+113/d5b4T104/VWStDM4wN5WXW6WmKgp63vjtKW3pvQRf5MWMwdN3S9PH63prCCW7lCdLW6lZ3pyW7Mc3Vm8FzQHjW86hxtb4PTs7mW23GJFX4n65PPW32-qnZ5gZcC5W4G2kB1548cfwW4JHKTt1zMnNpW7RPC5B6ZNT6hW4-jf7V97Db61W3jr1bS7svmRnW2GM6XQ2N5xJ9W99Lqzg976LLzW4Mw_5C1JP8LqW7780qn7q-NznV7RwrZ5jYMr5W3t5ykS1YktxHW4pR0lr8hBXVRW2-Br6b15l-YVW4lrYws8tq6Y2N2tjrvrzYPV4W4bn7y99cB4S3W8nGJZC6GBMhmW4NmrLw5blqtJW5pZkTy6t1GPwW5DLmfd3_fTsYf7RJzp204 ) — Zach & Ray CarEdge, 5268 Nicholson Ln, Kensington, MD 20895 Unsubscribe (https://email.caredge.com/hs/preferences-center/en/direct?data=W2nXS-N30h-SqW2PVcz530lxjLW45NlNr49Lld1W3bhqG_2y0wz6W4hsBvz23637mW32DgvJ2sBzjXW45SVNK4mv7RJW2MqTmd4mdwftW3DJNwg3btkGvW24WdyM2MCS1PW3g7wQV3ddcCPW2KHMFS2-Cn7CW3bllD73bsBFwW2YvpvZ2-m7JpW4t5DTR34CHwrW2-b0LP3_H--QW2Ymg5D212ZGcW4tjv2m3NDHjqW3dpV5k2MwnNwW4pxypW1S4LGqW4crMhj4czM8vW2KxtP24kkFPvW2MGmy-3XVkDsW47VR3H49VbD2W3T2_pC43GkNhW41Y6Sz1LxJ1sW2zz6234p7gzYW32FWVW3dgMH5W1N6P6c3dhcN7W3jcSN11BrhscW3_Dctk1Qy7V3W3R0DXP4mdrt_W34js-k3dwFC4W3JRT8b217TZ2W2CXpHp4hJpxSW4cMlbZ49Q3gfW2PV7JL4pyk4XW1QsyZ61Sryd4W230GCy1V9YGZW1BJ1rZ38h9vWW2nBBts4cB8sQW1QyYxR2zwDbzW36cCnX1NmKl7W2xBvBM2sPSRRW21mxlr2Kn_MhW23gq763NSj5yW2vYxzF36j7GXW3ZwDvd1Qhm6cW1BDjpW2PPGp1W2qM6D-3VxSK4W1QCrzn41Hn3gW3XNwwc3-0bw_W3drww42xB9nGW38xWLm1XfZvNW4tzzTH2YH1l0W3gdWjk3GZjTBW1BtPLy3drXQJW3j5Bkj2nH63pW4hmYk33G-8970&_hsenc=p2ANqtz-9XANaDgXUn_4Cvi8yKJku2kC2n9dOI57q6GoOcjkHYhrQbUacSNR4Xf_FMcO395pWI-21wodQs1cwtzx4Zo1cGA_uO6Pv5N9GMxu1i55dGiRtdHtc&_hsmi=413705259 ) Manage preferences (https://email.caredge.com/hs/preferences-center/en/page?data=W2nXS-N30h-SqW2PVcz530lxjLW45NlNr49Lld1W3bhqG_2y0wz6W4hsBvz23637mW32DgvJ2sBzjXW45SVNK4mv7RJW2MqTmd4mdwftW3DJNwg3btkGvW24WdyM2MCS1PW3g7wQV3ddcCPW2KHMFS2-Cn7CW3bllD73bsBFwW2YvpvZ2-m7JpW4t5DTR34CHwrW2-b0LP3_H--QW2Ymg5D212ZGcW4tjv2m3NDHjqW3dpV5k2MwnNwW4pxypW1S4LGqW4crMhj4czM8vW2KxtP24kkFPvW2MGmy-3XVkDsW47VR3H49VbD2W3T2_pC43GkNhW41Y6Sz1LxJ1sW2zz6234p7gzYW32FWVW3dgMH5W1N6P6c3dhcN7W3jcSN11BrhscW3_Dctk1Qy7V3W3R0DXP4mdrt_W34js-k3dwFC4W3JRT8b217TZ2W2CXpHp4hJpxSW4cMlbZ49Q3gfW2PV7JL4pyk4XW1QsyZ61Sryd4W230GCy1V9YGZW1BJ1rZ38h9vWW2nBBts4cB8sQW1QyYxR2zwDbzW36cCnX1NmKl7W2xBvBM2sPSRRW21mxlr2Kn_MhW23gq763NSj5yW2vYxzF36j7GXW3ZwDvd1Qhm6cW1BDjpW2PPGp1W2qM6D-3VxSK4W1QCrzn41Hn3gW3XNwwc3-0bw_W3drww42xB9nGW38xWLm1XfZvNW4tzzTH2YH1l0W3gdWjk3GZjTBW1BtPLy3drXQJW3j5Bkj2nH63pW4hmYk33G-8970&_hsenc=p2ANqtz-9XANaDgXUn_4Cvi8yKJku2kC2n9dOI57q6GoOcjkHYhrQbUacSNR4Xf_FMcO395pWI-21wodQs1cwtzx4Zo1cGA_uO6Pv5N9GMxu1i55dGiRtdHtc&_hsmi=413705259 )