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News 2026-09-29 10:43 UTC

CarMax's quarterly profit, revenue rise as pricing boosts used-car sales

CarMax NYSE:KMX on Tuesday reported a rise in second-quarter profit and revenue as the used-car retailer leaned on its pricing strategy to drive a rebound in sales.Shares of the company rose about 3% in premarket trading following the results.Higher interest rates and a tighter availability of chea…