CarMax (KMX) stock drops premarket following earnings, revenue miss

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Go back to CarMax (KMX) stock drops premarket following earnings, revenue miss

CarMax Reports Fourth Quarter and Fiscal Year 2024 Results

April 11, 2024 6:50 AM EDT

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) today reported results for the fourth quarter and fiscal year ended February 29, 2024.

Fourth Quarter Highlights:

Net revenues were $5.6 billion, down 1.7% compared with the prior year fourth quarter. Retail used unit sales increased 1.3% and comparable store used unit sales increased 0.1% from the prior years fourth quarter; wholesale units declined 4.0% from the prior years fourth quarter. Delivered solid margins in retail and wholesale; gross profit per retail used unit of $2,251 and gross profit per... More