CarMax (KMX) falls on earnings miss, as used vehicle sales slow
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CarMax Reports Second Quarter Fiscal 2024 Results
September 28, 2023 6:50 AM EDTRICHMOND, 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