CarMax logo is seen in this illustration taken June 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights
Sept 28 (Reuters) – CarMax (KMX.N) on Thursday posted a lower-than-expected quarterly profit, hurt by weakening demand for preowned vehicles, sending the used-car retailer’s shares down nearly 10%.
Preowned vehicles’ demand, which was strong during the pandemic, has fallen, as consumers opt for newer models with attractive financing deals and safety…
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