CarMax (KMX) misses Q2 EPS by $0.03; to resume buybacks this quarter

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Go back to CarMax (KMX) misses Q2 EPS by $0.03; to resume buybacks this quarter

CarMax Reports Second Quarter Fiscal 2024 Results

September 28, 2023 6:50 AM EDT

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

Highlights:

Net revenues were $7.1 billion, down 13.1% compared with the prior year second quarter. Retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% from the prior years second quarter; wholesale units declined 11.2% from the prior years second quarter. Delivered strong margins in retail and wholesale; gross profit per... More