Carmax reports second quarter fiscal 2024 results

Richmond, va.--(business wire)--carmax, inc. (nyse:kmx) today reported results for the second quarter ended august 31, 2023. highlights: net revenues were $7.1 billion, down 13.1% compared with the prior year second quarter. retail used unit sales decreased 7.4% and comparable store used unit sales declined 9.0% from the prior year's second quarter; wholesale units declined 11.2% from the prior year's second quarter. delivered strong margins in retail and wholesale; gross profit per retail used.
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