CarMax – The U.S. used car dealer exceeds expectations and reinforces its turnaround!

CarMax beats expectations with $1.31 per share and $8.01 billion in revenue – the stock jumps 5.2%. Under new CEO and with activist Starboard backing, the used car giant begins its transformation, yet the declining gross profit per vehicle remains a concern. CEO Keith Barr is more convinced than ever that the business has what it takes to thrive. Strong start to the year: profits significantly exceed expectations CarMax has had a surprisingly strong start to the new fiscal year. In the first quarter (ending May), revenue climbs 6% to $8.01...