earnings
confidence high
sentiment negative
materiality 0.80
CarMax Q2 FY23 net earnings $125.9M, EPS $0.79; retail used units down 6.4%
CARMAX INC
2023-Q2 EPS reported
$2.35
revenue$17,456,424,000
- Net earnings $125.9M (diluted EPS $0.79) vs $285.3M ($1.72) a year ago, down 55.9%.
- Net revenues $8.1B, up 2.0%; total retail used units 216,939 (-6.4%); comparable store used units -8.3%.
- Gross profit per retail used unit $2,282 (+$97); wholesale GP per unit $881 (-$124).
- CarMax Auto Finance income $182.9M (-8.6%) as provision for loan losses swung $40M YoY.
- Repurchased 1.7M shares for $163M in Q2; $2.45B remaining on authorization.