CarMax’s Q3 earnings exhibited solid sales as the firm prepares for a push into the digital-first economy. In retail, the pandemic introduced much uncertainty into the sphere of loyalty and rewards in the past year as consumers’ shopping habits realigned and contracted to meet the needs of the moment. And in corporate payments, many firms are eyeing new technologies that could accelerate their international business-to-business (B2B) transactions as the pandemic has made firms pivot. All this, Today in Data.
Data:
85%: Share of Cars.com shoppers who plan to purchase a car in the next six months.
64%: Portion of B2B firms that are moving away from physical invoicing.
54%: Share of large firms that agree manual payments are time-consuming and error-prone.
35.9%: Increase in CarMax’s net earnings for the third quarter.
$8M: Amount loyalty automation platform Glue received in series A funding in November.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More