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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。