-
Recent Posts
- BMW iX5 Hydrogen Fuel SUV Prototype Under Testing
- Porsche Sells Its Bets on Bugatti Rimac and Rimac Group
- Aston Martin and Brough Superior Debut AMB 002 Motorcycle
- Honda Racing – Kelvin Fu Replaces President David Salters
- Stellantis Opens All-Makes Bodyshop Repair Label
- IndyCar – McLaughlin Wins Laguna Seca. 2027 Preview?
- Chrysler Recalls 239,000 Ram Pickups for Camera Failures
- Ford Recalls 150,000 Mustangs for Sudden Drive Power Loss
- AAA – Labor Day Weekend Travelers Face Record Pump Prices
- Stellantis SUSTAINera Expands Remanufactured Parts Line
- Milestones – 2 million Visitors at the Mazda Museum
- First Look – Lexus NX Compact Crossover Hybrid SUV
- Annals of Marketing – Amazon Style Taking Over Car Buying?
- Honda and Alex Palou Win 2026 NTT IndyCar Series Titles
- Trump-Conomics = Everybody Loses a U.S.-Canada Trade War
Recent Comments
- AAA on AAA – August 20 Gasoline Prices Highest Ever!
- Nissan Motor on Nissan Posts ¥77.9B Profit in Q1 of Japanese Fiscal Year
- Jeff Badman on Ford Motor Recalls 850,000 Vehicles for Sudden Stalling
- Magna International on Magna International Posts Q1 2026 EPS Loss of $0.04
- Council on Foreign Relations on Iran and Strait of Hormuz on AAA – Pump Gasoline Prices Still Soaring
Archives
Meta
Get intelligent commentary on the automobile business and its economic and social effects. Stay informed with AutoInformed.
CarMax Q1 2021 – Net Sales Drop 40% to $3.2B
CarMax (NYSE:KMX), the nation’s largest retailer of used cars, today reported weak results for the first quarter ending May 31, 2020. Net sales and operating revenues declined 39.8% to $3.23 billion. Net earnings declined 98.1% to $5.0 million and net earnings per diluted share declined 98.1% to $0.03. Nonetheless CarMax stock is up ~12% year-to-date at ~$92/share, even though used car sales are projected to decline. It’s part of the mania on tech stocks that thinks the companies are invincible. Continue reading →