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Nov 30, 2021
CarMax Q3 2022 Earnings Report
CarMax's third quarter results were driven by solid execution, customer-centric omni-channel strategy, and macro factors.
Key Takeaways
CarMax reported record net revenues of $8.5 billion, up 64.5% compared with the prior year third quarter. Net earnings per diluted share of $1.63, up 14.8% from a then-record $1.42 per diluted share a year ago.
Record net revenues of $8.5 billion, up 64.5% compared with the prior year third quarter.
Net earnings per diluted share of $1.63, up 14.8% from a then-record $1.42 per diluted share a year ago. Included a one-time benefit of $0.10 in connection with the receipt of settlement proceeds in a class action lawsuit.
Sold 415,054 units through our combined retail and wholesale channels, up 29.3% from the prior year quarter.
Bought 383,215 vehicles from consumers in the third quarter, a 91% increase versus the prior year quarter.
Revenue by Segment
Forward Guidance
CarMax plans to release results for the fourth quarter ending February 28, 2022, on Tuesday, April 12, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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