---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-22-000095"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:38:03.457124+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CarMax Q2 FY23 net earnings $125.9M, EPS $0.79; retail used units down 6.4%

## Summary
- 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.

## SEC filing metadata
- accession: 0001170010-22-000095
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000095/0001170010-22-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001022000095/kmx-20220929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-22-000095
- JSON: https://secwatch.observer/filing/0001170010-22-000095.json
- Plain text: https://secwatch.observer/filing/0001170010-22-000095.txt

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