Read as much as you want on, anywhere and anytime, for just 99¢.

CarMax stock sinks after it reports flat profits

Continue reading below

The used-car chain’s quarterly earnings rose slightly, thanks to higher sales and income at its financial unit. Still, earnings came in below Wall Street’s estimates, and the company’s average selling prices on its vehicles were similar to those from a year earlier. The chain’s costs also surged as CarMax opened more dealerships.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of