Record-Breaking Dealer Purchases
CarMax bought approximately 269,000 vehicles during the quarter, up 15% from last year, achieving an all-time record with dealers, up 114% from last year.
Significant EPS Growth
CarMax achieved double-digit EPS growth for the third consecutive quarter, with net earnings per diluted share at $0.58, up 81% year-over-year.
Strong Retail and Wholesale Volume Increases
Retail unit sales increased 6.2% and wholesale unit sales were up 3.1% year-over-year, driven by higher volume.
Expansion of Digital Sales
Approximately 67% of retail unit sales were omni-channel, up from 64% last year, with over 80% of sales supported by digital capabilities.
Robust Gross Profit Growth
Total gross profit was $668 million, up 14% from last year's fourth quarter, with strong gains in retail, wholesale, and EPP margins.