Carmax Inc Exec Says Overall Used Car Market Obviously Is Still Depressed
Portfolio Pulse from Benzinga Newsdesk
Carmax Inc's executive stated in a conference call that the overall used car market remains depressed.
June 23, 2023 | 1:24 pm
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Carmax Inc's executive acknowledged the ongoing depression in the overall used car market during a conference call.
Carmax Inc's executive statement on the depressed used car market indicates that the company may continue to face challenges in the short term. This could negatively impact the stock price as investors may perceive the market conditions as unfavorable for the company's growth.
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