CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

AI si Robotica

Shares of CarMax fell roughly 8% during midday trading Wednesday after the company beat Wall Street's quarterly earnings expectations and its new CEO detailed a high-level turnaround strategy for the company. Here's how the company performed in its first fiscal quarter , compared with average estimates compiled by LSEG: Despite the beats, questions remain about the company's ability to grow and cut costs under the plan as it faces tougher market conditions. The used vehicle retailer reported

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