CarMax (KMX) Misses Q1 EPS by 2c
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CarMax Reports First Quarter Fiscal 2023 Results
June 24, 2022 6:50 AM EDTRICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the first quarter ended May 31, 2022.
Highlights:
Enabled online self-progression capabilities for all of our retail customers. Net revenues of $9.3 billion, up 21.0% compared with the prior year first quarter. Sold 427,257 units through our combined retail and wholesale channels, down 5.5% versus the prior year first quarter. Retail used unit sales declined 11.0% to 240,950 vehicles, and comparable store used unit sales declined 12.7%. Wholesale units increased 2.7% to 186,307... More