CarMax Q2 FY2024 revenue down 13% to $7.1B; EPS $0.75; to resume buybacks

CARMAX INC

2024-Q2 EPS reported $2.18 revenue$14,760,899,000

Net revenues $7.1B, down 13.1% YoY; net EPS $0.75 vs $0.79 prior year.
Retail used unit sales down 7.4%; comparable store used units down 9.0%.
Gross profit per retail used unit $2,251 (flat Y/Y); wholesale GP per unit $963 (+$82).
CarMax Auto Finance income $135M, down 26.2%; provision for loan losses $89.8M vs $75.5M.
Plans to resume share repurchases in Q3 FY2024 (third quarter ending Nov 2023).

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 second quarter ended August 31, 2023 results: revenue $7.1 billion, EPS $0.75.

Period: second quarter ended August 31, 2023
Revenue: $7.1 billion
EPS: $0.75
Result: reported results

Exact text from the filing

2024 RESULTS Richmond, Va., September 28, 2023 – CarMax, Inc. (NYSE:KMX) today reported results for the second quarter ended August 31, 2023. Highlights : • Net revenues were $7.1 billion, down 13.1% compared with the prior year second quarter. • Retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% from the prior year’s second

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Source: SEC EDGAR

accession 0001170010-23-000111

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