---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-24-000014"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-03T23:49:55.650315+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001170010-24-000014
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001024000014/0001170010-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001024000014/kmx-20240411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-24-000014
- JSON: https://secwatch.observer/filing/0001170010-24-000014.json
- Plain text: https://secwatch.observer/filing/0001170010-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1170010/000117001024000014/0001170010-24-000014-index.htm

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