CarMax Says Even Its Lowest-Income Customers Are Holding Up Despite Affordability Squeeze
CarMax stock surges after crushing Q2 estimates with $1.16 EPS and $7.88B in sales, driven by higher used-car demand.
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Why It Matters
CarMax sold more used cars than people expected this quarter. Even people with less money are still buying cars, which shows the company is doing well.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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