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CarMax, Inc. (KMX)

NYSE - NYSE Delayed Price. Currency in USD
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98.36+6.60 (+7.19%)
At close: 04:06PM EDT
98.25 -0.11 (-0.11%)
Pre-Market: 09:03AM EDT
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  • Barrons.com

    Carvana Sought to Disrupt Auto Sales. It Delivered Undriveable Cars.

    Carvana sought to disrupt the used-car market. Sales soared, but then came the less glamourous business of actually registering the cars.

  • Investor's Business Daily

    CarMax Stock Jumps As KMX Earnings Top With Used Car Prices Spiking 28%

    CarMax reported better-than-expected quarterly earnings early Friday as strong pricing for used cars offset weaker volumes. CarMax stock jumped Friday, retaking a key level. "GPUs (gross profit per unit) were especially strong, above the historical band despite the increase in wholesale prices," Stephens analyst Daniel Imbro wrote in a note to clients on Friday.

  • The Wall Street Journal

    Used-Car Sellers Not Running Out of Gas Just Yet

    Last year, used-car retailers were on a roll, fueled by new-vehicle shortages, low interest rates and a strong consumer. CarMax the largest such retailer in the U.S., reported on Friday that its total revenue grew 21% in the quarter ended May 31 compared with a year earlier—higher than the 18% increase analysts polled by Visible Alpha were expecting. The boost in revenue was mostly thanks to higher prices: While CarMax sold 11% fewer used cars, consumers had to shell out $6,311 more per vehicle on average, a 28% increase from a year earlier.

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