secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001170010-24-000084
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001024000084/0001170010-24-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001024000084/kmx-20240621.htm
  HTML page:      https://secwatch.observer/filing/0001170010-24-000084

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