CarMax rose Wednesday after activist investor Starboard Value revealed a stake worth around $350 million in the used-car retailer and nominated two candidates for the company’s board.
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CarMax Stock Sinks After Earnings. Tariffs Could Drive Used Car Prices Higher, CEO Says.
Shares of CarMax sank Thursday after the used-car dealer reported fiscal-fourth-quarter earnings that missed expectations and management sounded the alarm about the looming impact of auto tariffs.
With the help of a more stable environment for the used car market, CarMax (NYSE:KMX) said retail used unit sales were up 5.4% in the third quarter and wholesale sales increased 6.3% from last year, ...
Sept 26 (Reuters) - Used car retailer CarMax (KMX.N), opens new tab beat Wall Street estimates for second-quarter revenue on Thursday as price cuts on used vehicles boosted unit sales, especially in ...
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