CarMax reported gross profit per retail vehicle of $2,361 and gross profit per wholesale vehicle of $1,042, both about the same as a year ago. Company executives said last quarter that CarMax was giving priority to preserving those margins.
The retailer purchased 343,000 vehicles from consumers and dealers, down 5.2 percent from the year-earlier period, but up 31 percent from its fiscal fourth quarter.
“Our deliberate actions are driving improved trends in the business, despite…
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