Struggling CarMax Reports Lower Used Car Sales
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
CarMax has reported lower used car sales, with the company's earnings also falling. Despite cutting prices, used car demand remains weak, leading to a quarterly loss for the company. The company's stock has taken a hit, with its shares sinking, and its CEO has stepped down amidst a weak outlook.
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