10-Q quarterly report · filed Oct 4, 2019

Carmax Inc (KMX) Q3 2019 10-Q Quarterly Report

Short answer

Carmax Inc (KMX) filed its Q3 2019 10-Q quarterly report on Oct 4, 2019 for the quarter ended Aug 31, 2019.

Carmax Inc Q3 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $5,201.2M, up 9.1% YoY from $4,766.0M, driven by used vehicle sales
  • Gross margin 13.3% vs 13.7% YoY, net earnings $233.6M, up 5.8%
  • Best line: extended protection plan revenue $113.3M, up 15.0%; weakest: used gross profit per unit $2,183 vs $2,179
  • Operating cash flow $(125.5)M, adjusted operating cash flow $480.6M, share repurchases $341.9M
  • Near-term headwinds: higher vehicle acquisition costs, strategic initiative spending, CAF losses 1.29% vs 1.20% YoY, capital expenditures approximately $350M for fiscal 2020

Risk Factors

  • No material changes to fiscal 2019 Form 10-K risk factors reported
  • CarMax business, financial condition, and results of operations remain exposed to carried-forward 10-K risks

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

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