The chaos at the Inglewood CarMax unfolded like a scene out of a movie. A customer suddenly, and erratically, turned and reversed his SUV into the dealership showroom on Saturday afternoon. The ...
According to a report just released by CarMax, the largest used car retailer in the United States, consumers are warming to used EVs. The company, which sold 789,050 used vehicles, plus 544,312 ...
A major used car seller in the United States has reached a settlement with 36 state Attorneys General, including Illinois, after authorities accused the company of selling some cars that may have had ...
Used-vehicle retail giant CarMax Inc. on Tuesday reported a steep downturn in net income and fewer retail used-vehicle sales but stable per-vehicle profit in its fourth fiscal quarter — a period ...
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Why CarMax Plunged in September
CarMax had a disappointing second quarter, with revenue and earnings declines. Management pointed to cost-cutting and marketing efforts aimed at mitigating a challenging economic environment. The ...
CarMax Inc.'s soft fiscal second-quarter financial results paint a grim picture: High vehicle prices, inflation throughout the economy and climbing interest rates are prompting consumers to put off ...
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