CarMax's Retail Used Unit Sales Decreased 7.4% YoY And Comparable Store Used Unit Sales Declined 9% YoY; Wholesale Units Declined 11.2% YoY In 2Q24
Portfolio Pulse from Benzinga Newsdesk
CarMax's retail used unit sales have decreased by 7.4% YoY and comparable store used unit sales have declined by 9% YoY. Additionally, wholesale units have declined by 11.2% YoY in 2Q24.
September 28, 2023 | 10:57 am
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NEGATIVE IMPACT
CarMax has reported a decrease in retail used unit sales, comparable store used unit sales, and wholesale units in 2Q24.
The decrease in sales across multiple segments indicates a potential slowdown in CarMax's business. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100