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RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE:KMX) will report its financial results for the first quarter ended May 31, 2024 before the market opens on June 21, 2024, and it will host a conference call with investors at 9:00 a.m. ET to discuss these results. Participants on the call will include Bill Nash, president and CEO, Enrique Mayor-Mora, executive vice president, CFO and Jon Daniels, senior vice president, CAF Operations. The live conference call can be accessed by dialing (800) 22.

Report Cites Company's Ongoing Commitment to Sustainability and Making a Positive Societal Impact Report Cites Company's Ongoing Commitment to Sustainability and Making a Positive Societal Impact

CarMax Inc. NYSE: KMX is a nationwide used car dealership focused on providing a haggle-free, streamlined and convenient vehicle buying and selling experience for customers. CarMax built its reputation on its no-haggle listed price policy.

Carmax announced lower-than-expected revenue and earnings in its latest quarter. High interest rates have put pressure on consumers, causing them to delay vehicle purchases.

CarMax is deploying tech solutions to boost efficiency as it continues to deal with a tough environment for buying and selling used cars.

CarMax missed analyst estimates on the top and bottom lines. The company is delaying its goal of selling 2 million cars annually.

CarMax (KMX) shares plunged Thursday after the biggest U.S. used-car retailer posted weaker-than-expected quarterly results amid slowing demand.

CarMax, Inc. NYSE: KMX shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets.

Used cars are getting harder to obtain just as new cars get more affordable.

CarMax (KMX) lags fiscal fourth-quarter earnings estimates on lower-than-expected sales across all segments.