CarMax is feeling the chill from a softer used car market, with profit cut in half and sales volumes under pressure as shoppers balk at high prices and elevated borrowing costs. The country’s largest ...

CarMax Inc. shares surged Friday, after first-quarter profit topped Wall Street's estimates, boosted by the biggest jump in used-vehicle sales in nearly four years. The results indicate that CarMax ...

Starting with a single Richmond, Virginia, location, which opened in 1993, CarMax has grown to over 240 locations across the U.S. Touting itself as the country's largest used car retailer, the company ...

While many signals suggest the pre-owned car market is strong, CarMax’s recent earnings call suggests something is amiss. A significant quarterly earnings miss for Q2 sent stock prices plummeting 25 ...

If you are wondering whether CarMax shares still reflect the value of the underlying business, you are not alone, especially ...

Dec 18 (Reuters) - CarMax reported a ‌drop in third-quarter revenue and ‌profit on Thursday, hurt by weaker demand for and falling prices of used vehicles in the U.S. Shares ‍of CarMax were down about ...

Trade experts were in lockstep when President Donald Trump levied a 25% tariff on foreign automobiles earlier this year: Car prices would go up and sales might decline.