Plenty of Americans are window-shopping for used cars, but sticker shock is keeping them from pulling the trigger.
That hasn’t been a great dynamic for used-car retailer CarMax, which on Thursday morning reported that revenue declined 13.1% in its quarter ended Aug. 31 compared with a year earlier. Net income fell 6%—far worse than expectations of a 2.3% decline. CarMax’s shares shed 11% after the earnings call. That follows a healthy run this year, though. Year to date, the…
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