BUSINESSCNBC TOP
CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
CarMax shares fell despite the company reporting earnings beats and the CEO outlining a turnaround plan. Concerns persist about the company's ability to grow and reduce costs amid challenging market conditions and margin pressure.
Mentioned
Related Signal
Adjacent reporting
- Lululemon admits far more work is needed for a turnaround, and its stock sinks
- Five Below Slides After Profit Beat as Retailer Flags Consumer Hit Over Oil High Prices
- Under Armour’s stock tumbles as surging costs eat away at earnings
- SoundHound’s stock falls as acquisitions weigh on earnings results
- Gap shares tumble 13% as retailer cuts sales guidance after disappointing Old Navy performance
- Trade Desk’s stock falls as earnings suggest the company’s problems are intensifying