---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-23-000111"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:26:34.511577+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001170010-23-000111
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000111/0001170010-23-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000111/kmx-20230928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-23-000111
- JSON: https://secwatch.observer/filing/0001170010-23-000111.json
- Plain text: https://secwatch.observer/filing/0001170010-23-000111.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000111/0001170010-23-000111-index.htm

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