---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-23-000121"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:48:43.202111+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CarMax Q3 net earnings $0.52/sh, up 117%; revenue down 5.5% to $6.1B

## Summary
- Net earnings per diluted share $0.52 vs $0.24 a year ago, up 117%.
- Revenue $6.1B, down 5.5% YoY; retail used unit sales down 2.9%, wholesale units up 7.7%.
- Total gross profit up 6.3% to $612.9M; SG&A down 5.4% to $560.0M.
- Resumed share repurchases: bought 648,500 shares for $41.9M in Q3.
- CAF income $148.7M, down 2.3%; provision for loan losses down to $68.3M from $85.7M.

## SEC filing metadata
- accession: 0001170010-23-000121
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1170010/000117001023000121/0001170010-23-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000121/kmx-20231221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-23-000121
- JSON: https://secwatch.observer/filing/0001170010-23-000121.json
- Plain text: https://secwatch.observer/filing/0001170010-23-000121.txt

## Key facts
- Earnings Releases
  CARMAX INC reported the third quarter ended November 30, 2023 results: revenue $6.1 billion, EPS $0.52.
  - Period: the third quarter ended November 30, 2023
  - Revenue: $6.1 billion
  - EPS: $0.52
  - Result: reported results
  source text: Net revenues were $6.1 billion, down 5.5% compared with the prior year third quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1170010/000117001023000121/0001170010-23-000121-index.htm

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