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)

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