CarMax Q3 2022 Earnings Report

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.