Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
CarMax’s digital capabilities now support over 80% of its used car sales, executives said Thursday (April 10) during a quarterly earnings call. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While CarMax reported solid third-quarter results Thursday (Dec. 19), including a 5.4% increase in retail used unit sales and a 6.3% rise in wholesale unit sales, company officials attributed this growth to strong execution across its business model, led by its omnichannel strategy. Get the...
Earnings reports this season, particularly from banks, have taken note of the resilience in consumer spending, especially on debit and credit cards, in various areas of discretionary activity, including dining out and travel. Get the Full Story Complete the form to unlock this article and...
June 28, 2024
With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this […]
December 28, 2022
Online car buying, where digital tools handle the tedious stuff, is remaking automotive checkout experiences. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
September 25, 2025
The auto industry is reportedly being rocked by tariffs, the expense of electrification and cautious consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to […]
June 20, 2025
Used car retailer CarMax saw greater loan losses and economic uncertainty during the quarter ended May 31. Get the Full Story Complete the form to unlock this article and enjoy...
April 10, 2025
CarMax’s digital capabilities now support over 80% of its used car sales, executives said Thursday (April 10) during a quarterly earnings call. Get the Full Story Complete the form to...
April 11, 2024
CarMax is deploying tech solutions to boost efficiency as it continues to deal with a tough environment for buying and selling used cars. Get the Full Story Complete the form to...
