What Will CarMax Say About Used Car Prices on Tuesday?
CarMax (NYSE: KMX) investors are in for a bumpy ride over the next few trading days. The used-car retailer will announce its latest earnings results before the market opens on Tuesday, April 12, and there are a few big questions heading into that report.
Shareholders are hoping CarMax is still benefiting from historically high prices for used cars and strong demand. Challenges in obtaining enough inventory might threaten that bright outlook, though. The retailer might have seen a customer traffic slowdown connected to the last surge in COVID-19 cases, too.
With that big picture in mind, let's look at a few trends to watch in CarMax's Tuesday announcement.
Source Fool.com
