CarMax Earnings Miss Sends Stock to Five-Year Lows

about 1 month ago

Tim Stanovic

"Used vehicle sales coming in at $5.27 billion, but that was down 7.2% year over year and also missed estimates. The auto retailer actually pointed to a fallout from Trump's tariffs and rising distress among consumers as it reported these earnings."

CarMax reported disappointing earnings with misses in EPS, net sales, and operating revenue, alongside a 7.2% decline in year-over-year used vehicle sales, leading to a 20% plunge to five-year lows amidst concerns over tariffs and consumer distress.

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