CarMax’s Q2 earnings fell short of expectations — here’s what that signals for pricing, inventory, and demand trends in the used car market. While many signals suggest the pre-owned car market is ...

Thanks to the presence of online car marketplaces, buying or selling used cars is not the hassle it used to be. Two platforms, namely CarMax and Carvana, stand out due to their ease of use and ...

Starting with a single Richmond, Virginia, location, which opened in 1993, CarMax has grown to over 240 locations across the U.S. Touting itself as the country's largest used car retailer, the company ...

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 ...

CarMax reported a horrible decline in revenue in the last quarter of its 2023 fiscal year. However, it efficiently managed its cost, resulting in higher-than-expected earnings. The company is seeing a ...

UAW strike leads to decreased new car inventory, potentially benefiting used car market. Manheim Index shows used car prices stabilizing. Cox Automotive data indicates a 4.5% rise in used car sales ...

To boost domestic production, U.S. President Trump is imposing 25% tariffs on imported cars and key auto parts, including engines, powertrains, and transmissions. These tariffs, set to take effect ...

CarMax achieved its success in part by recognizing that most consumers found used car buying experiences to be unpleasant and stressful. More than 20 years ago, the company developed its “The way car ...