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Used Vehicle Retailer CarMax's Mixed Q1: Sales Decline 7.5%, CEO Highlights Positive Trends Amid Challenges

Shares of CarMax Inc (NYSE:KMX) are trading slightly higher in premarket today. The company reported a first-quarter FY25 total net sales and operating revenues decline of 7.5% year-on-year to $7.11 billion, missing the analyst consensus estimate of $7.245 billion. The company sold 358,817 units through combined retail and wholesale channels, a decrease of 5.3% year-over-year. Total retail used vehicle unit sales fell 3.1% to 211,132 ...