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...Shares in CarMax, worth almost $155 at their peak in 2021, trade at under $86 these days....
...This means that while CarMax’s average used vehicle gross profits per unit (GPU) held steady during the quarter, it also sold far fewer units — 21 per cent less in fact....
...In the second quarter, retail unit sales fell a steep 8.3 per cent versus 2021 on a like-for-like basis at CarMax....
...That is, if this offer from user-car retailer CarMax is anything to go by: Ouch. Related Links:For years, automakers wildly overpromised on self-driving cars and electric vehicles—what now?...
...CarMax shares shifted into high gear on Friday, cruising to an all-time high after the US used-car retailer reported better than expected sales and earnings....
...Earlier this month, AutoZone and CarMax both reported quarterly results that beat analyst estimates....
...CarMax’s shares dropped 4.9 per cent to $48.16 and have declined by 30.4 per cent over the past 12 months....
...CarMax was the day’s major mover....
...“Optics of the comp unit miss will likely pressure CarMax shares today, as we believe many CarMax bears will point to the positive contribution of subprime buyers last year, which continues to wane as a...
...Mr Stemberg, now a partner with the Highland Consumer Fund, is a director of pet product retailer Petsmart (1,400 stores), which is about to be taken over by private equity, and CarMax, the chain of 140...
...CarMax said it found “the statements attributed to the Clippers’ owner completely unacceptable”....
...CarMax said it would lift its share repurchase programme by $1bn. Shares dipped 4.21 per cent to $45.56....
...CarMax’s loan portfolio is predominantly prime. At 21 times analysts’ estimates for this year’s earnings, CarMax is not a bargain. Neither are its cars....
...In earnings news, CarMax rose sharply after the used car retailer reported third-quarter earnings, beating Wall Street estimates....
...CarMax, the used-car dealer, enjoyed the strongest gains on the S&P 500 after reporting first-quarter earnings up 25 per cent, beating analysts’ expectations....
...The retail sector lost ground in the session led by CarMax, which fell 7.2 per cent to $32.10 after the biggest US used-car dealer reported lower gross margins for the fourth quarter....
...In contrast, CarMax tumbled 7.6 per cent to $33.17, the most in the S&P 500, even though the used car retailer reported better than expected earnings....
...The news agency also reported that Berkshire Hathaway, the investment company run by Warren Buffett, has sold stakes in Home Depot and CarMax as well as reducing its holding in Nike by 52 per cent in Q3....
...CarMax, the biggest US used-car dealer, beat expectations in its second quarter as revenue rose. It rose 8.5 per cent to $26.16....
...CarMax, the country’s largest used car dealer, beat estimates for the third quarter. It rose 7 per cent to $23.35....
...Carmax, the used car retailer, climbed 9.7 per cent to $21.20 after the group said net income in the second quarter had risen to $103 from $14 in the previous quarter....
...CarMax, a pure used car dealer that has eschewed the franchise model, also had a big drop in sales and earnings....
...Shares in CarMax rose 8.5 per cent to $52.77, after the seller of used cars reported third quarter net income of 42 cents a share, easily beating estimates of 25 cents....
...Carmax, the used-car retailer, jumped 7.6 per cent to $33.89 after it reported quarterly earnings ahead of analyst expectations....
...Garten serves on the boards of directors of the Aetna Corporation, Alcan, Inc., the Calpine Corporation, CarMax, and Credit Suisse Asset Management, and he is on the international advisory board of the Toyota...
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