Podcast: CarMax replaces CEO, EV makers report Q3 growth as car sales mixed
Auto retailers and fintechs mostly reported growth in the third quarter amid mixed October retail sales and some layoffs. CarMax ...
Tag: CarMax
CarMax, eyeing improved profitability, finance penetration, replaces CEO
CarMax is searching for a new chief executive on the heels of decreased sales, wholesale business depreciation and a focus ...
CarMax cuts about 350 customer service jobs after weak earnings
CarMax Inc. is laying off hundreds of customer experience center employees, about a month after the used-car retailer disappointed Wall ...
CarMax drops as tariff-fueled pull-forward effect hurt comparable sales
CarMax Inc. shares plunged premarket after the company reported a surprise drop in comparable sales, as buyers had rushed to ...
CarMax to roll out updated AI chatbot tools
CarMax is testing AI chatbot capabilities for retail associates and is rolling out an updated version of its consumer-facing virtual ...
CarMax Auto Finance sees margin expansion despite rising loan losses
CarMax Auto Finance in the first quarter saw a decline in income as loan losses started to hit its financial ...
CarMax Auto Finance originations down 1% year over year
CarMax Auto Finance’s originations declined in the third quarter as the lender looked to improve collections and underwriting for better ...
CarMax Auto Finance provision for credit losses up 25%
CarMax Auto Finance increased its provision for credit losses due to an uptick in expected losses, while originations ticked down ...
