{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-23-000008","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2023-04-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.131267+00:00","generated_at":"2026-06-17T03:29:30.068163+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"CarMax Q4 net earnings down 57% to $0.44 EPS; revenue falls 25.6% to $5.7B","bullets":["Q4 net earnings $69M ($0.44 diluted EPS) vs $159.8M ($0.98) a year ago; FY23 EPS $3.03, down 56.5%.","Revenue $5.7B, down 25.6% YoY; retail used units sold 169,884 (-12.6%), comparable store sales -14.1%.","CAF income fell 36.1% to $123.9M on net interest margin compression and $98M provision for loan losses.","Total gross profit $611M, down 14.1%; SG&A reduced 7.7% to $572.8M through cost management.","No share repurchases in Q4; capacity remains $2.45B; FY24 capex planned at ~$450M with 5 new stores."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-23-000008","json":"https://secwatch.observer/filing/0001170010-23-000008.json","markdown":"https://secwatch.observer/filing/0001170010-23-000008.md","text":"https://secwatch.observer/filing/0001170010-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000008/0001170010-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000008/kmx-20230411.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T03:29:30.068163+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f6b6f00c87c9ab0877e0ab4104330f4d850c8697","claim":"CARMAX INC reported financial results for the fourth quarter and fiscal year ended February 28, 2023.","evidence_excerpt":"CarMax, Inc. (the “Company”) issued a press release on April 11, 2023, announcing its fourth quarter and fiscal year 2023 results. The press release is being furnished as Exhibit 99.1 hereto and is incorporated by reference into this Item 2.02.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1170010/000117001023000008/0001170010-23-000008-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and fiscal year ended February 28, 2023"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}