1151 ET - CarMax's inventory changes over the years reflect U.S. consumer demand. The Covid pandemic allowed Americans to accumulate extra savings following the government's stimulus checks. But inflation has soured in the U.S. and many Americans are feeling financially stretched. Used-car retailer CarMax is responding to those needs, CEO William Nash says on a call with analysts. "When we came out of Covid, our six to 10 year old cars just wasn't a big focus for us, as that's not really what customers were looking for," Nash says. "So we had to build that muscle up," the executive says, noting that CarMax now has more six- to 10-year old cars.(sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 10, 2025 11:52 ET (15:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。