Tag: $Carmax Inc.

CarMax Stock Slides as Quarterly Revenue Declines 13%

Shares of CarMax KMX +1.84% were tumbling in premarket trading Thursday after the user-car seller reported fiscal second-quarter revenue that declined sharply from a year earlier.

CarMax beats profit estimates powered by cost-cuts; shares jump

CarMax Inc on Friday posted a better-than-expected adjusted profit for the first quarter, benefiting from a series of cost cutting measures that were implemented to tackle a fall in demand for used cars.