CarMax Reports 27% Decline in Net Earnings for Q4 2024

Thursday, 11 April 2024, 11:00
CarMax (NYSE: KMX) released its Q4 2024 earnings, revealing a 1.7% decrease in net revenues and a substantial 27% drop in net earnings compared to the previous year. Share repurchases also amounted to $49.3 million during this period, affecting the company's financial performance.
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CarMax Reports 27% Decline in Net Earnings for Q4 2024

CarMax (KMX) Q4 2024 Earnings Report

CarMax, Inc. (NYSE: KMX) reported its financial results for the fourth quarter of 2024, indicating a decline in both net revenues and net earnings.

Key Highlights:

  • Net revenues: $5.6 billion, down 1.7% year-over-year
  • Net earnings: Declined by 27% to $50.3 million
  • Share repurchases: Totaled $49.3 million during the quarter

This story will be updated shortly with an infographic

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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