Tag: CarMax
Toyota owners most-likely to trade in their vehicle for a used...
According to a recent report by used car dealer CarMax, Toyota was the most traded-in brand for used EVs in the U.S. between September...
CarMax joins Carvana in 2022 used vehicle woes as profits fall...
CarMax has announced cuts to hiring and stock buybacks in an effort to recoup from a devastating third quarter.
The company suffered an 86% profit...
CarMax Q2 earnings fall short, says inflation is shrinking car demand
CarMax saw its stock plummet after an announcement that it missed second-quarter earnings expectations. Shares dropped nearly 25%, marking a new 52-week low. CarMax...
CarMax Q1 earnings exceed analyst expectations
Used vehicle retailer CarMax revealed financial first-quarter results that exceeded Wall Street forecasts. Shares are up as a result, however, there are still some alarming market...
Carvana & CarMax’s ramped-up reconditioning operations make efficient & lean recon...
Nearly every dealer in the country is feeling the pinch on new and used vehicle inventories, with sellable inventory levels down as much as...
Ryan Kerrigan discusses the state of the industry and trends in...
June numbers are officially in and the strength of used vehicles is leading to record returns on inventory. These dynamics are also affecting car...
CarMax set to acquire Edmunds in $404 million transaction
Used-vehicle retailer CarMax announced that it has signed a definitive agreement to acquire Edmunds, one of the most notable automotive research and vehicle-listing firms...
CarMax issuing bonuses for 22,000 staff to reward efforts during COVID-19
On Wednesday, CarMax announced that around 22,000 of their associates nationwide can expect to receive a bonus. The initiative is an acknowledgement for working...
Robust Q3 earnings and aggressive hiring for automakers signal industry resilience
Welcome to another edition of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Kerrigan Report: Lithia and CarMax Posting All Time Highs For July
Welcome to the Kerrigan Advisors Market Update with Bridget Fitzpatrick and Ryan Kerrigan, founder and managing director of Kerrigan Advisors. In July we see...
