secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001170010-22-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000061/0001170010-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000061/kmx-20220624.htm
  HTML page:      https://secwatch.observer/filing/0001170010-22-000061

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