CarMax quarterly earnings slide 3.6% despite revenue gain

UPDATED: 6/21/16 4:16 pm ET - adds stock close

CarMax's latest quarterly earnings slid 3.6 percent, dragged down by expenses related to store openings, share-based compensation and hail damage to vehicles at the company's stores in Texas.

Toyota says Brexit may lead to 10% duties on U.K.-built cars

Toyota warned that a withdrawal by the UK from the EU may lead to levies of as much as 10 percent on the cars it builds in Britain. Jaguar Land Rover

Sign up for our afternoon newscast

AutoNews Now is our afternoon video roundup of the top news stories of the day.