CarMax is feeling the chill from a softer used car market, with profit cut in half and sales volumes under pressure as shoppers balk at high prices and elevated borrowing costs. The country’s largest ...

While many signals suggest the pre-owned car market is strong, CarMax’s recent earnings call suggests something is amiss. A significant quarterly earnings miss for Q2 sent stock prices plummeting 25 ...

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 reported its 2025 first quarter earnings, causing a rise in share price. The company is making used car buying easier for American consumers. Despite market anxiety regarding tariffs and ...

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 ...