Short answer
Carmax Inc (KMX) filed its Q4 2016 10-Q quarterly report on Jan 6, 2017 for the quarter ended Nov 30, 2016.
Carmax Inc Q4 2016 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3,701.5M, up 4.4% YoY from $3,544.1M
- Gross margin 13.6% vs 13.1% YoY, with gross profit $503.1M vs $464.3M
- Best segment: used vehicles, revenue $3,090.6M, up 6.2%; worst: wholesale, revenue $488.4M, down 4.9%
- Net cash used in operations $343.1M; $464.4M share repurchases and $315.5M capital expenditures
- CAF headwinds: income $89.4M, down 3.2%; interest margin 5.8% vs 6.0%, loan-loss provision $41.9M vs $30.9M
Risk Factors
- Newly filed Gomez lawsuit, June 29, 2016, alleging California wage-and-hour violations with unspecified damages
- Most material legal update: Rowland putative class action filed September 7, 2016, expanding California labor claims
- Regulatory compliance exposure: California claims include meal periods, rest breaks, wage statements and Private Attorney General Act penalties
- Credit performance risk: past-due CAF receivables rose to 3.5% from 2.7% as of February 29, 2016
- Funding risk: $1.50 billion of warehouse capacity expires February 2017, with renewal costs and capacity subject to market conditions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Carmax Inc quarterly reports
- Q3 2019 10-QFiled Oct 4, 2019
- Q2 2019 10-QFiled Jul 3, 2019
- Q4 2018 10-QFiled Jan 8, 2019
- Q3 2018 10-QFiled Oct 5, 2018
- Q2 2018 10-QFiled Jul 5, 2018
- Q4 2017 10-QFiled Jan 4, 2018
- Q3 2017 10-QFiled Oct 5, 2017
- Q2 2017 10-QFiled Jul 7, 2017
- Q3 2016 10-QFiled Oct 6, 2016
- Q2 2016 10-QFiled Jul 7, 2016
- Q4 2015 10-QFiled Jan 7, 2016
- Q3 2015 10-QFiled Oct 8, 2015
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