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CarMax Earnings Beat After Carvana Makes 'Most Disruptive' Move
CarMax launched an aggressive $150 million cost reduction program to stem sales and earnings declines.
Licensing
CarMax (KMX) earnings easily beat fiscal first-quarter estimates early Wednesday in the wake of online rival Carvana (CVNA) reportedly entered the new car market. CarMax stock edged higher, just within a buy zone. The No. 1 used car retailer, CarMax, has navigated challenging times marked by the tension between maintaining sales volumes and protecting profit margins. Meanwhile, CNBC reported on…
