CarMax sold more used cars than expected as prices fell by about $1,100 each
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CarMax's stock surged to a 2-year high after reporting higher-than-expected used car sales, driven by a decrease in used car prices by approximately $1,100 each.
December 19, 2024 | 1:00 pm
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CarMax's stock surged to a 2-year high due to better-than-expected used car sales, attributed to a significant drop in used car prices.
The decrease in used car prices by $1,100 each led to higher sales volumes for CarMax, resulting in a significant stock price increase. This positive sales performance directly impacts CarMax's financial outlook, making the news highly relevant and important for investors.
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