Lates News

CarMax, a retailer of used cars, announced that its revenue for the first quarter of the 2026 fiscal year increased by 6.1% year-on-year to $7.55 billion, surpassing analysts' expectations of $7.51 billion. Earnings per share were $1.38, higher than analysts' expectations of $1.16. The company sold 230,210 used cars during the quarter, a 9% increase year-on-year. Same-store sales grew by 8.1%, exceeding analysts' expectations of 6.1%.