: The company is selectively lowering prices to close the gap with the broader used market, which has directly impacted their gross profit per unit (GPU), falling to $2,115 —a 9% decrease from the previous year.
: To attract budget-conscious buyers, CarMax is expanding its inventory to include more older, higher-mileage vehicles . carmax buy car prices
CarMax is currently undergoing a "price reset" to address declining sales and the perception of being overpriced compared to local dealerships. : The company is selectively lowering prices to
: The company reported a significant swing to a $120.7 million loss for the quarter, compared to a profit of $89.9 million in the prior year. falling to $2
: Retail used-unit sales fell by 8% , while comparable-store sales dropped 1.9% .