Reported 2 days ago
CarMax reported its first sales rise in over two years, exceeding expectations and reflecting a recovery in the used-car market, which drove shares up nearly 12%. CEO Bill Nash highlighted the increase in sales of vehicles priced under $20,000 as consumers, facing inflation, seek affordable alternatives. The retailer posted a profit of 81 cents per share for the quarter ending Nov. 30, better than analysts' predictions, with revenue rising 1.2% to $6.22 billion.
Source: YAHOO