MarketPulse

used car market

3 articles
The Motley FoolThe Motley Fool··Lee Samaha

CarMax Shares Crater 13.3% as Used Car Prices Weigh on Margins

CarMax shares tumbled 13.3% after Q4 results revealed margin compression from aggressive pricing. New CEO plans $200 million cost cuts to stabilize profitability.
KMXmargin pressureused car market
The Motley FoolThe Motley Fool··Motley Fool Transcribing

Cango Reports 93% Revenue Plunge in Q2 2024 Amid China Auto Market Slump

Cango's Q2 revenue collapsed 93% YoY to RMB45.1M, but company returned to profitability through cost cuts and recoveries. Q3 outlook remains weak.
CANGprofitabilityrevenue decline
The Motley FoolThe Motley Fool··James Brumley

Carvana Stock Tumbles 10% Post-Earnings as Profitability Concerns Persist

Carvana stock dropped 10% post-earnings as profitability concerns persist despite 58% revenue growth. Compressed margins and missed EBITDA expectations weigh on investor sentiment.
CVNAstock declinerevenue growth