$50.79
-1.12 (-2.16%)
KMX News5 articles
CarMax Revenue Beat Fails to Ease Margin Concerns
CarMax beat Q1 revenue estimates at $8.01B, but retail gross profit per unit dropped to $2,177, highlighting ongoing margin pressure. Shares rose 5% premarket before settling near $52.11.
Carvana Stock Split Completed: Focus Returns to Profitability Metrics
Carvana's 5-for-1 stock split is now effective, with shares closing at $77.94. The focus shifts to the company's ability to sustain profit improvements amid rising costs.
Carvana Shares Dip Despite Record Q1 Sales as Margin Pressure Returns
Carvana shares fell 1.8% despite record Q1 sales and profit, as gross profit per vehicle slipped to $6,783 from $6,938 a year ago.
Carvana Shares Recover After Steep Post-Earnings Decline
Carvana shares rose roughly 2% Friday, recovering some ground after a sharp post-earnings sell-off driven by elevated vehicle reconditioning expenses and retail depreciation.
Carvana Shares Extend Decline Amid Rising Vehicle Reconditioning Costs
Carvana shares continued to slide, dropping 1.6% to $327.55, after Q4 results revealed increased costs reduced per-vehicle profit. Revenue reached $5.6 billion.