CarMax pumps brakes on expansion, bolsters liquidity | Auto Finance News | Auto Finance News

CarMax pumps brakes on expansion, bolsters liquidity

Photographer: Hasan Sarbakhshian/Bloomberg

CarMax has scaled back extensively to ensure its financial position amid the coronavirus epidemic, after finalizing plans to boost growth initiatives. The used-car retailer has halted its “store expansion strategy” until the negative impact of coronavirus stabilizes, the company noted in its fourth-quarter earnings April 2. In fact, CarMax was set to open 13 stores […]

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