CarMax finds positives in stormy earnings report

CarMax president and chief executive officer Bill Nash opened his comments during the company’s quarterly earnings call last week by noting that CarMax had “a significant number” of stores in Hurricane Ian’s path and that associates’ safety was the company’s top priority.

But continuing on with his comments during what was CarMax’s second quarter fiscal year 2023 Earnings Release Conference Call, Nash said the quarter results reflected “widespread pressure the used-car industry is facing.”

Total retail used units sold in the second quarter …

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