Look for CarMax to Highlight Its E-Commerce Business on Thursday
CarMax (NYSE: KMX) isn't immune to the effects of the COVID-19 pandemic swamping the U.S. economy. The auto retailer specializes in used, mass-market brands, so its sales aren't likely to be as pressured by an economic downturn as sales at luxury retailers like Penske Automotive. Still, lower customer traffic plus a drop in incomes signals revenue declines ahead.
Investors will hear key details about those threatened growth and profitability trends when CarMax posts its fiscal fourth-quarter earnings results on Thursday, April 2. They'll also get a much-anticipated update on the retailer's push into e-commerce, which might drive most of its sales volumes during the temporary social-distancing mandates in parts of the country today.
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Source Fool.com
