CarMax says Q4 net income surged 79% but stock slips on missed expectations

CarMax said quarterly revenue increased 6.7 percent to $6 billion.

April 10, 2025 12:30 PM

Used-car retailer CarMax on Thursday said net income rose 79 percent in the fourth fiscal quarter, but the results missed Wall Street estimates, as higher borrowing costs kept some consumers from making big ticket purchases.

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