CarMax (KMX) Stock Price is Down After Reporting Q2 Results, Here's Why

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Go back to CarMax (KMX) Stock Price is Down After Reporting Q2 Results, Here's Why

CarMax Reports Second Quarter Fiscal 2022 Results

September 30, 2021 6:50 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX), the nations largest and most profitable retailer of used cars, today reported results for the second quarter ended August 31, 2021.

Highlights:

Record net revenues of $8.0 billion, up 48.7% compared with the prior year second quarter. Sold 419,895 units through our retail and wholesale channels combined, up 19.9% from the prior year quarter, primarily driven by strong demand for used autos and solid execution supported by our omni-channel... More