---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-22-000061"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:12:45.154797+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarMax Q1 FY2023 EPS $1.56, down 40.7% YoY; used car sales decline 11%

## Summary
- Net revenues $9.3B (+21% YoY) driven by higher average selling prices; total unit sales fell 5.5% to 427,257.
- Retail used unit sales down 11% to 240,950; comp store used unit sales declined 12.7%.
- CAF income $204.5M (-15.4% YoY) as provision for loan losses swung $82.2M vs. prior year income.
- Gross profit per retail used unit improved $134 to $2,339; wholesale units up 2.7% to 186,307.
- Repurchased 1.6M shares for $157.6M; $2.62B remaining under authorization.

## SEC filing metadata
- accession: 0001170010-22-000061
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000061/0001170010-22-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000061/kmx-20220624.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-22-000061
- JSON: https://secwatch.observer/filing/0001170010-22-000061.json
- Plain text: https://secwatch.observer/filing/0001170010-22-000061.txt

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