10-Q quarterly report · filed Oct 6, 2016

Carmax Inc (KMX) Q3 2016 10-Q Quarterly Report

Short answer

Carmax Inc (KMX) filed its Q3 2016 10-Q quarterly report on Oct 6, 2016 for the quarter ended Aug 31, 2016.

Carmax Inc Q3 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $3,997.2M, up 2.9% YoY from $3,884.9M
  • Net earnings declined 5.7% YoY; CAF income $96.0M, down 2.4%, with interest margin 5.9% vs 6.2%
  • Best segment: used vehicles, revenue $3,300.8M, up 4.8%; worst: wholesale gross profit $91.5M, down 9.7%
  • Six-month operating cash flow used $39.8M; adjusted operating cash flow $697.0M; stock repurchases $266.0M
  • Outlook: five stores opened, ten planned; $450M fiscal 2017 capital expenditures, with credit tightening and wholesale supply headwinds

Risk Factors

  • No material changes to fiscal 2016 Form 10-K risk factors
  • CarMax’s carried-forward risks could materially adversely affect business, financial condition, and results of operations

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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