CarMax’s Q1 net income falls 33% to $152 million, revenue slips 7.5%

CarMax’s Q1 net income drops 33% to $152M, with revenue down 7.5%. They retailed 211,132 used vehicles, a 3.1% decrease πŸ“‰ #AutoIndustry

The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1 percent. Same-store used-vehicle retail sales fell 3.8 percent.

Read More