Under the Radar: CarMax Stock Slides as CEO Flags Challenges -- WSJ

Dow Jones

06/17

By WSJ staff

CarMax shares fell more than 7% in morning trading after the used-car retailer reported quarterly earnings and its new CEO said the company's operations aren't efficient enough and costs remain too high.

The stock has lost about a quarter of its value over the past year amid stagnant sales and intensifying competition. CarMax said it will work to implement its turnaround efforts in coming months, including keeping vehicle prices competitive, enhancing its digital platform and in-store experience, and reducing costs.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 17, 2026 11:09 ET (15:09 GMT)

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