Short answer
Carmax Inc (KMX) filed its Q4 2018 10-Q quarterly report on Jan 8, 2019 for the quarter ended Nov 30, 2018.
Carmax Inc Q4 2018 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $4,295.9M, up 4.6% YoY from $4,107.0M
- Net earnings up 27.9% YoY, tax rate 23.2% vs 33.9%; total gross margin 13.3% vs 13.1%
- Best segment wholesale: gross profit $104.7M, up 11.9%; CAF income $109.7M, up 6.7%
- Operating cash flow $114.6M; adjusted operating cash flow $863.0M; $633.2M share repurchases
- Near-term headwinds: technology investment costs, rising funding rates, interest-margin compression to 5.6% vs 5.7%, wholesale price pressure from off-lease supply
Risk Factors
- No material risk-factor changes identified, with Item 1A appearing without substantive risk-factor text
- Credit risk: past-due managed receivables increased to 3.8% from 3.4% at February 28, 2018
- Funding risk: non-recourse notes payable reached $12.39 billion, primarily collateralized by auto loan receivables
- Interest-rate risk: $7.2 million expected reclassification from accumulated other comprehensive loss into CAF income over 12 months
- Regulatory and compliance risk: ASU 2016-13 expected to materially affect allowance-for-loan-loss calculations upon adoption
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
- 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
- Q4 2016 10-QFiled Jan 6, 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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