Market Updates
CarMax Net Income Falls 24%, User Car Price Jumps 40%
Scott Peters
12 Apr, 2022
New York City
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CarMax's fourth quarter total revenues rose 48% to $7.7 billion but net income fell 24% to $159 million and earnings per share dropped 23% to 98 cents. Total retail used vehicle unit sales declined 5.2% to 194,318 and comparable store used unit sales declined 6.5% from a year ago quarter. Average used car prices rose 40% to $29,312 and gross profit rose 7.4% to $2,195.
Annual Returns
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Earnings
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