secwatch.observer — SEC 8-K summary
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Issuer:     CARMAX INC (KMX)
CIK:        0001170010
Form:       8-K
Filed at:   2026-06-17T10:54:07+00:00
Accession:  0001170010-26-000053
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarMax Q1 net earnings $185.6M ($1.31/diluted); revenue up 6.2% to $8.0B; new strategic framework announced
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- Net earnings $185.6M ($1.31 diluted EPS) vs $210.4M ($1.38) a year ago; revenue up 6.2% to $8.0B.
- Combined retail+wholesale units 392,357 (+3.3%); retail used units flat; wholesale units +8.4%.
- Retail used gross profit per unit $2,177 (down $230 from record); wholesale GP per unit $1,046 (in line).
- SG&A down 3.7% to $635.2M; per total unit improved 6.8% to $1,619; on track for $200M exit rate savings by FY27 end.
- Entered $500M term loan with MUFG, matures June 2029; proceeds used to pay down revolver and for general purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000053/0001170010-26-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1170010/000117001026000053/kmx-20260617.htm
  HTML page:      https://secwatch.observer/filing/0001170010-26-000053

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