{"schema_version":"secwatch.filing_event.v1","accession":"0001170010-25-000115","form_type":"8-K","ticker":"KMX","cik":"0001170010","company_name":"CARMAX INC","filed_at":"2025-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.478997+00:00","generated_at":"2026-05-17T05:38:37.920785+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CarMax Q2 EPS $0.64 vs $0.85 prior year; revenue down 6% to $6.59B; retail used units -5.4%","bullets":["Net earnings of $95.4M ($0.64 diluted) vs $132.8M ($0.85) a year ago; revenue fell 6.0% to $6.59B.","Comparable store used unit sales declined 6.3%; gross profit per retail used unit $2,216 in line with prior year.","SG&A down 1.6% to $601.1M; plans for at least $150M incremental SG&A reductions over next 18 months.","CAF income fell 11.2% to $102.6M as provision for loan losses rose to $142.2M (vs $112.6M); allowance 3.02% of loans.","Post-quarter closed $900M non-prime securitization (off-balance sheet); expects ~$25-30M gain on sale in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001170010-25-000115","json":"https://secwatch.observer/filing/0001170010-25-000115.json","markdown":"https://secwatch.observer/filing/0001170010-25-000115.md","text":"https://secwatch.observer/filing/0001170010-25-000115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000115/0001170010-25-000115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1170010/000117001025000115/kmx-20250925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T05:38:37.920785+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}