Subscribe
Retail

CarMax's Q2 net income rises 12%, revenue falls less than 1%

CarMax
CarMax reported net income of $132.8 million, up 12 percent from its second quarter a year ago. (NONE)
CM
By:
C.J. Moore
September 26, 2024 12:14 PM

CarMax Inc. said Sept. 26 it recorded higher used-vehicle retail sales in its second fiscal quarter ended Aug. 31 when compared with the same time last year. Net income rose by double digits.

Featured Stories

U.S. steel, aluminum tariffs mean higher costs for automakers and suppliers
U.S. steel, aluminum tariffs mean higher costs for automakers and suppliers
Tariffs could upset the auto supply chain. Here’s how the industry has survived past disruptions.
Tariffs could upset the auto supply chain. Here’s how the industry has survived past disruptions.
Tesla brand damage? U.S. registrations sink 11% in January as EV rivals surge 44%
Tesla brand damage? U.S. registrations sink 11% in January as EV rivals surge 44%
Next for Nissan: New CEO Ivan Espinosa starts crafting a ‘turnaround plan plus’
Next for Nissan: New CEO Ivan Espinosa starts crafting a ‘turnaround plan plus’

Latest News

Tesla, Toyota, Chinese tap by-wire tech to accelerate software-define vehicle shift
Lexus brings virtual gear shifts to RZ EV, fulfilling chairman’s wish
Trump administration takes aim at Biden electric vehicle rules
Ineos recalls more than 7,000 SUVs after doors fly open
Staying current is easy with newsletters delivered straight to your inbox.

See More in Retail

Vehicle shipping marketplace raises $12 million
New-vehicle inventory rises to 3.1 million
Dealerships keep improving Internet sales lead responses
Roadsport Auto Group buys Southwestern Ontario Ford dealership
Staying current is easy with newsletters delivered straight to your inbox.