CarMax (KMX) said Thursday it is removing the timelines for its long-term targets due to the current uncertainties of the market.
While it continues to make progress toward its long-term goals, "we are removing the timeframes associated with them given the potential impact of broader macro factors," the company said.
CarMax shares were down 6.1% in recent premarket trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.