CarMaxREMARKETING 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 »
CarMax quarterly profit rises, but used-car sales momentum drops 9:55 am U.S. ET | April 10, 2013 CarMax, the largest retailer of used cars in the United States, reported a 13 percent gain in fourth-quarter profit, but comparable used-car sales grew at a slower pace than the previous quarter.... Read More »
CarMax Q3 profit rises on surge in used-car supply, consumer confidence 9:22 am U.S. ET | Dec. 20, 2012 CarMax, the nation's largest used-car retailer, reported a stronger third-quarter profit as a rise in supply, more attractive financing options and improved customer sentiment helped it sell more vehicles to retail clients. Net income rose to $94.7 million, or 41 cents per share, in the third quarter from $82.1 million, or 36 cents per share, a year earlier.... Read More »
CarMax reports flat quarterly profits as wholesale prices fall 11:49 am U.S. ET | Sept. 20, 2012 CarMax posted flat quarterly profits as sales at its wholesale unit fell and costs jumped. Net income during the second fiscal quarter was $111.6 million, or 48 cents per share, compared with $111.2 million, or 48 cents per share, a year earlier.... Read More »
FINAL ASSEMBLY CarMax founder hails Obama auto policy at Dems' shindig 12:01 am U.S. ET | Sept. 10, 2012 A couple of familiar faces showed up as speakers at the Democratic National Convention last week. One might have been expected -- UAW President Bob King, who defended the 2009 auto industry bailouts. The other was a bit of a surprise: Austin Ligon, co-founder of CarMax, the nation's largest used-car retailer.... Read More »
CarMax: Next-gen store, small markets 12:01 am U.S. ET | Aug. 27, 2012 As it approaches its 20th anniversary, used-car giant CarMax Inc. has developed a next-generation store and has its eyes on entering "50 to 100" smaller markets, a top executive says. The CarMax test store opened in February in Chattanooga. Another such store is to open this fall in a market CarMax has not identified.... Read More »
CarMax profit slips on weaker new-vehicle sales 8:01 am U.S. ET | June 21, 2012 CarMax said fiscal first-quarter profits fell, reflecting a drop in new-vehicle sales.... Read More »
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Special Report
Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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