Why CarMax Couldn't Cash in on Soaring Car Prices

·3 min read
Why CarMax Couldn't Cash in on Soaring Car Prices

Vehicles are getting far more expensive. But CarMax (NYSE: KMX), one of the country's biggest used-car retailers, is struggling with declining sales volumes and falling earnings. That apparent contradiction caught investors' attention this past week as CarMax reported its Q1 earnings results.

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