Carmax joins Carvana in a stock market drubbing as the used car market comes down to earth after pandemic highs

Carmax joins Carvana in a stock market drubbing as the used car market comes down to earth after pandemic highs

Upworthy

Published

CarMax Inc. sank after the company reported quarterly earnings far short of Wall Street’s already depressed expectations, deepening concerns over the weakening US used-car market. Adjusted profit was 24 cents a share in the third quarter, the Richmond, Virginia-based company said Thursday in a…

#carvana #stellantisnv #billnash #stevenshemesh #virginia #carmax #fordmotorco #carmaxinc #generalmotorsco #rbccapitalmarkets

Full Article