Category: CarMax
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CarMax beats second-quarter revenue estimates on higher unit sales By Reuters
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By Ananta Agarwal (Reuters) – Used car retailer CarMax Inc beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in the retail segment, sending its shares up 6.4 percent in afternoon trading. Used car dealerships have had a rocky ride,…
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Used car retailer CarMax posts 33% drop in first-quarter profit By Reuters
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(Reuters) – CarMax reported a 33% drop in first-quarter profit on Friday, as lower profit margins on cars sold continued to weigh on the used car industry. Used car retailers have had a bumpy ride with profitability deteriorating over the past few years as new vehicle availability improves. Better offers…