CarMax Q1 net sales fall 17.4% to $7.7B; diluted EPS $1.44 (incl $0.28 legal benefit)

CARMAX INC

2024-Q1 EPS reported $1.44 revenue$7,687,063,000

Net revenues $7.7B, down 17.4% YoY; retail used unit sales down 9.6%, comparable store down 11.4%.
Net earnings per diluted share $1.44, down from $1.56; includes $0.28 benefit from legal settlement.
CarMax Auto Finance income fell 32.8% to $137.4M on net interest margin compression and higher loan loss provision.
SG&A decreased 14.8% to $559.8M; excluding $59.3M legal settlement, SG&A down 5.7%.
Bought 343,000 vehicles (down 5.2% YoY); no share repurchases in Q1, $2.45B remaining authorization.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARMAX INC reported first quarter ended May 31, 2023 results: revenue $7.7 billion, EPS $1.44.

Period: first quarter ended May 31, 2023
Revenue: $7.7 billion
EPS: $1.44
Result: reported results

Exact text from the filing

FISCAL 2024 RESULTS Richmond, Va., June 23, 2023 – CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights : • Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. • Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year’s

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

CARMAX INC filing history →

Source: SEC EDGAR

accession 0001170010-23-000062

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.