secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2023-09-28T23:59:59+00:00
Accession:  0001170010-23-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001023000111/0001170010-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001023000111/kmx-20230928.htm
  HTML page:      https://secwatch.observer/filing/0001170010-23-000111

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