CarMax shares drop after delaying long-term target, Q4 results miss
Yahoo Finance -

Pre-owned vehicles retailer CarMax missed analysts' estimates for fourth-quarter results and delayed a long-term financial target on Thursday, sending its shares down as much as 13% in premarket trading. The company said it expects to sell over 2 million combined retail and wholesale units annually between 2026 and 2030, compared to its previous target of achieving that goal by 2026. "We believe vehicle affordability challenges continued to impact our fourth quarter unit sales performance, with...

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