CarMax (KMX) Tops Q3 EPS by 7c, Revenue Misses

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Go back to CarMax (KMX) Tops Q3 EPS by 7c, Revenue Misses

CarMax Reports Third Quarter Fiscal 2024 Results

December 21, 2023 6:50 AM EST

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the third quarter ended November 30, 2023.

Highlights:

Net revenues were $6.1 billion, down 5.5% compared with the prior year third quarter. Retail used unit sales decreased 2.9% and comparable store used unit sales declined 4.1% from the prior years third quarter; strong gross profit per retail used unit of $2,277, in line with last years third quarter. Wholesale units increased 7.7% from the prior years third quarter; strong gross profit per wholesale... More