CarMax plunges on earnings miss, sales target delay

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Carmax News

Brad Smith,Fourth Quarter Results

CarMax (KMX) shares fell sharply in early trading on Thursday. The used automotive retailer posted fourth quarter results that missed analyst estimates on...

) shares fell sharply in early trading on Thursday. The used automotive retailer posted fourth quarter results that missed analyst estimates on both the top and bottom lines. The company is alsoits goal to sell 2 million units annually"to between fiscal year 2026 and fiscal year 2030 due to uncertainty in the timing of market recovery."TORONTO — Canada's main stock index was down more than 150 points in late-morning trading on broad-based weakness, while U.S.

In-N-Out’s billionaire heiress says she stood in line for 2 hours to land a job at her own store when she was just a teenager to shake the ‘stigma of being the owner’s kid’ and ‘earn respect’OTTAWA — The parliamentary budget officer says Canada would need to build 1.3 million additional homes by 2030 to eliminate the country's housing gap. The newly released report looks at how many more homes would need to be built restore Canada's vacancy rate to the historical average.

Investors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.HANOI, Vietnam — Real estate tycoon Truong My Lan was sentenced Thursday to death by a court in Ho Chi Minh City in southern Vietnam in the country's largest financial fraud case ever, state media Vietnam Net said. The 67-year-old chair of the real estate company Van Thinh Phat was formally charged with fraud amounting to $12.

 

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