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CarMax Slips as Used Vehicle Sales Keep Falling Amid Turnaround

CarMax Slips as Used Vehicle Sales Keep Falling Amid Turnaround
Bloomberg Markets Wednesday 17 June 2026, 14:07 UTC By Rachel Phua 1 min read
Key Points

CarMax Slips as Used Vehicle Sales Keep Falling Amid Turnaround CarMax Inc.’s shares dropped after same-store sales and used-car profits declined for a fourth straight quarter, raising questions about the durability of its turnaround effort. Shares tumbled as much as 9.4% in early New York trading. The stock had gained 35% this year through Tuesday’s close, though still trades 67% below its 2021 high.

CarMax Slips as Used Vehicle Sales Keep Falling Amid Turnaround CarMax Inc.’s shares dropped after same-store sales and used-car profits declined for a fourth straight quarter, raising questions about the durability of its turnaround effort. Shares tumbled as much as 9.4% in early New York trading. The stock had gained 35% this year through Tuesday’s close, though still trades 67% below its 2021 high.
CarMax Inc.’s (ORG) New York (LOCATION)
Originally published by Bloomberg Markets Read original →

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