CarMax's third-quarter profits rise on higher used-car volume, financing

12:00 pm U.S. ET | Dec. 20, 2013
CarMax's third-quarter net profits rose on increased used-car sales and higher income at its captive finance company. The nation's largest used-car retailer today reported net income rose 12 percent to $106.5 million in the quarter ending Nov. 30 from $94.7 million a year earlier.... Read More »


Sonic's goal: End CarMax dominance

12:01 am U.S. ET | Oct. 28, 2013
CarMax Inc. stands alone -- in size, scope and focus -- as a national used-vehicle dealership retailer. Now Sonic Automotive Inc. wants to share that space.... Read More »


CarMax profits grow; more used-car stores on the horizon

11:38 am U.S. ET | Sept. 24, 2013
CarMax today said its net profits rose 26 percent to $140.3 million in its fiscal quarter that ended Aug. 31, vs. the year-earlier period. The company's revenue grew 18 percent to $3.25 billion.... Read More »


Group 1 mulls rebranding stores -- later

12:01 am U.S. ET | Sept. 2, 2013
Group 1 Automotive Inc. is considering rebranding many of its 139 stores with the Group 1 name -- but not anytime soon.... Read More »


CarMax: Undisputed used-car champion

12:01 am U.S. ET | July 22, 2013
CarMax sold at retail twice as many used cars and trucks in its 2012 fiscal year as its nearest competitor.... Read More »


CarMax adds four new store locations to plans

4:00 pm U.S. ET | June 21, 2013
CarMax, the nation's largest used-vehicle retailer, said today that it will open four new stores in New York, Alabama, Pennsylvania, and Washington state, during March-May 2014.... Read More »


CarMax 1Q profit rises 21% on higher sales, finance income

1:33 pm U.S. ET | June 21, 2013
CarMax, the nation’s largest used-vehicle retailer, reported net profit in the March-May quarter rose 21 percent to $146.7 million, as used-car unit sales and finance income rose.... Read More »



Retailer CarMax targets smaller markets

12:01 am U.S. ET | April 22, 2013
CarMax Inc., the nation's largest used-car retailer, opened its first small-format store in Virginia last month and plans to open a second such store this fall in Tennessee. Those two stores could be the first of as many as 100 stores.... Read More »


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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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