CarMax (KMX) jumps on earnings, revenue beat

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Go back to CarMax (KMX) jumps on earnings, revenue beat

Carmax Reports First Quarter Fiscal 2024 Results

June 23, 2023 6:50 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the first quarter ended May 31, 2023.

Highlights:

Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior years first quarter; wholesale units declined 13.6% from the prior years first quarter. Delivered strong margins in retail and wholesale; gross profit per... More