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Car dealership chain CarMax Inc. said Tuesday its fiscal second-quarter profit surged on higher sales and a one-time gain related to its auto financing business.
Automotive retailer CarMax Inc. said Friday that it has renewed its borrowing facility and lowered the limit for its financing arm by $200 million.
Automotive retailer CarMax Inc. said Tuesday that it has completed a private placement of $490 million of notes.
CarMax Chief Executive Tom Folliard says the auto retailer is focused on eliminating waste and improving execution to weather the weak automotive market and better position it for future growth.
Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations.
Car dealership chain CarMax Inc. reports earnings for its fiscal first quarter on Friday. The following is a summary of key developments and analyst opinion related to the period.
The chief executive of auto retailer CarMax Inc., Tom Folliard, received a compensation package valued at more than $2.96 million for fiscal 2009, according to an Associated Press analysis of figures in a regulatory filing.
Auto retailer CarMax Inc. on Wednesday urged Congress to include used-car buyers in its proposed "cash for clunkers" legislation aimed at jump-starting the auto industry.
Auto retailer CarMax Inc. said Thursday its fourth-quarter profit jumped 72 percent as lower expenses and a profit in its financing arm offset the impact of falling sales.
Auto retailer CarMax Inc. said Friday it swung to a $21.9 million loss in the third quarter due to slumping sales and store traffic, and loan loss write-downs in its auto finance arm.
CarMax Inc. said Wednesday it is laying off more than 600 employees, or about 4 percent of its total work force, as the auto retailer tries to cut costs due to a decline in car and truck sales.
Auto retailer CarMax Inc. said Monday its second-quarter earnings plunged 78 percent due to a weak economy, high gasoline prices and losses in its financing arm. The results were worse than analysts expected and the company's shares fell 8 percent.
Used vehicle retailer CarMax Inc. said Wednesday it is reducing staffing levels and will temporarily slow its store growth after seeing a sharp drop in car and truck sales because of high gas prices.
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Billionaire Warren Buffet Next Target: Used CarsTwo billionaire investors -- Warren Buffett and Eddie Lampert -- are buying into the auto dealership industry even though it faces one of its worst slumps in years. What gives?
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