KMX Jul 2024 62.500 call

CarMax reports 33% decline in Q1 profit, cites inflation

CarMax (KMX) reported a 33% decline in profit during its first quarter, citing inflation pressures and high interest rates as major headwinds to the used vehicle retailer. The Morning Brief Hosts Brad Smith and Madison Mills report more on the bull and bear cases for the company following its earnings results. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl