---
schema_version: "secwatch.filing_event.v1"
accession: "0001170010-24-000084"
form_type: "8-K"
ticker: "KMX"
cik: "0001170010"
company_name: "CARMAX INC"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:42:23.932512+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# CarMax Q1 EPS $0.97 vs $1.44; revenue down 7.5%, used units -3.1%

## Summary
- Net earnings per diluted share $0.97 vs $1.44 in prior year Q1; net earnings $152.4M down 33.2%.
- Revenue $7.11B down 7.5% YoY; retail used unit sales 211,132 (-3.1%), wholesale units 147,685 (-8.3%).
- CAF income $147.0M up 7.0%; launched inaugural non-prime public ABS deal in June 2024.
- SG&A $638.6M up 14.1% (excl. prior year $59.3M legal settlement, up 3.1%).
- Repurchased 1.4M shares for $104M during Q1; $2.26B remaining under authorization.

## SEC filing metadata
- accession: 0001170010-24-000084
- form_type: 8-K
- ticker: KMX
- cik: 0001170010
- company_name: CARMAX INC
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1170010/000117001024000084/0001170010-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1170010/000117001024000084/kmx-20240621.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001170010-24-000084
- JSON: https://secwatch.observer/filing/0001170010-24-000084.json
- Plain text: https://secwatch.observer/filing/0001170010-24-000084.txt

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