CarMax Q4 net revenues $5.6B (-1.7%); EPS $0.32 (-27%); retail used units +1.3%

CARMAX INC

2024-FY EPS reported $3.02 revenue$26,536,040,000

Net earnings per diluted share $0.32 vs $0.44 in prior year; prior year benefited from $0.08 EPP profit sharing and lower tax rate.
Total gross profit $586.2M (-4.1%); retail GP per used unit $2,251, wholesale GP per unit $1,120.
CAF income $147.3M, +18.9% YoY; CAF financed 42.3% of retail units at 11.5% weighted avg rate.
Long-term unit target >2M now expected between FY2026-FY2030, extended due to market recovery uncertainty.
FY2025 capex plan $500-550M; intends to modestly accelerate share repurchases in FY2025.

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 fourth quarter and fiscal year ended February 29, 2024 results: revenue $5.6 billion, EPS $0.32.

Period: fourth quarter and fiscal year ended February 29, 2024
Revenue: $5.6 billion
EPS: $0.32
Result: reported results

Exact text from the filing

April 11, 2024 – CarMax, Inc. (NYSE:KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024. Fourth Quarter Highlights : • Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. • Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior year’s fourth

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Source: SEC EDGAR

accession 0001170010-24-000014

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