secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001170010-22-000095
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000095/0001170010-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001022000095/kmx-20220929.htm
  HTML page:      https://secwatch.observer/filing/0001170010-22-000095

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