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CarMax (KMX) delivers Q3 earnings beat on higher-than-anticipated revenues from the company's used and wholesale vehicles segment. CarMax (KMX) Q3 Earnings and Sales Top Estimates, Up Y/Y Skip to ...
CarMax (KMX) reports record Q2 profit and revenues on completion of the rollout of its omni-channel offerings, thus, opening up the biggest market of the used vehicle industry.
CarMax (KMX) delivers a dismal Q2 show as earnings miss estimates on lower-than-expected revenues across all segments and contract 54% year over year.
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City, opening its first location in September 1993 in Richmond, Virginia. As of October 2022, CarMax operates 238 locations. [3]
The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties. [27] In 2020, Edmunds launched a partnership with CarMax that allows a driver to receive a no-obligation cash offer for their vehicle which can be redeemed at any CarMax location. [28]
The company is facing higher interest rates and slower consumer spending
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