CarMax Sees Slowing Growth in Used-Car Sales
CarMax (NYSE: KMX) has done a good job of profiting from the rise in demand for used cars in recent years, and its approach to the market gives its customers an ability to choose from a wide selection of vehicles across a nationwide network of dealers. The company has even been able to overcome hurricane-related challenges to keep its fundamentals strong, and solid conditions in the U.S. economy point toward continued favorable tailwinds for the auto market generally.
Coming into Thursday's fiscal third-quarter report, CarMax investors weren't sure what to expect from the auto retailer, with some company-specific concerns seeping into a generally favorable outlook for the industry. Results showed ongoing growth but at a slightly slower space than many shareholders had hoped to see during the period. Let's look more closely at CarMax to see what it said and what's ahead in 2018.
Image source: CarMax.
Source: Fool.com
Carmax Inc. Stock
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