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Used-car retailer CarMax misses fourth-quarter profit expectations
(Reuters) – Used-car retailer CarMax on Thursday reported a fourth-quarter profit that missed Wall Street estimates, as higher borrowing costs kept some consumers from making big ticket purchases. Shares of the Richmond, Virginia-based company fell 7.5% in premarket trading. Used-car retailers’ sales have been under pressure from a post-pandemic trend of consumers gravitating towards new vehicles with improved features and better financing optio…


CarMax: Fiscal Q4 Earnings Snapshot
RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — CarMax Inc. (KMX) on Thursday reported fiscal fourth-quarter net income of $89.9 million.
·Cherokee County, United States
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