CarMax Earnings: Growth Downshifts

CarMax (NYSE: KMX) investors were bracing for some potentially bad news in the used auto retailer's third-quarter results. While the company had quickly recovered from pandemic-related shutdowns, its business was threatened by further COVID-19 outbreaks, rising wholesale car prices, and a volatile economic environment.

The good news is that CarMax managed to grow sales and profits through these challenges in the period that ended in late November. However, its expansion rate stalled.

Let's take a closer look.

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Source Fool.com