secwatch.observer — SEC 8-K summary
======================================

Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001170010-23-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001023000121/0001170010-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001023000121/kmx-20231221.htm
  HTML page:      https://secwatch.observer/filing/0001170010-23-000121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer