CarMax - Online Used Car Dealer Benefits from Higher Sales Due to Rising Prices for New Vehicles!
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Business Driver: CarMax (KMX) is one of the leading US retailers for new and used cars. With over 245 locations across the US, they offer fixed-price cars to their customers, along with financing packages and extensive inspection and maintenance services. As the prices for imported vehicles rise significantly due to tariffs imposed by the US administration, CarMax's business is expected to grow further. In June, CarMax surprised with significantly better-than-expected Q1 results. The adjusted earnings per share were $1.38, well above consensus...
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