secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0001170010-22-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000014/0001170010-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000014/kmx-20220411.htm
  HTML page:      https://secwatch.observer/filing/0001170010-22-000014

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