---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-22-000014"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2022-04-12T23:59:59+00:00"
generated_at: "2026-06-26T07:50:32.763729+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CarMax Q4 EPS falls 22.8% to $0.98; board adds $2B to buyback program

## Summary
- Q4 revenue $7.7B (+48.8%); net earnings $159.8M; diluted EPS $0.98, down 22.8% YoY.
- FY2022 revenue $31.9B (+68.3%); EPS $6.97 (+54.2%); record 4.0% used vehicle market share.
- Board approved $2B share repurchase expansion; total remaining authorization $2.7745B as of Feb 28.
- Retail used unit sales fell 5.2% in Q4; wholesale units rose 43.8% to a Q4 record 149,095.
- CAF income increased 3.0% to $193.8M; long-term targets raised to 2-2.4M vehicles sold by FY2026.

## SEC filing metadata
- accession: 0001170010-22-000014
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2022-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000014/0001170010-22-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000014/kmx-20220411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-22-000014
- JSON: https://secwatch.observer/filing/0001170010-22-000014.json
- Plain text: https://secwatch.observer/filing/0001170010-22-000014.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.