Carmax reports first quarter fiscal 2024 results

Richmond, va.--(business wire)--carmax, inc. (nyse:kmx) today reported results for the first quarter ended may 31, 2023. highlights: net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year's first quarter; wholesale units declined 13.6% from the prior year's first quarter. delivered strong margins in retail and wholesale; gross profit per retail used.
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