CarMax Reports Slight Revenue Decline and Pauses Share Repurchases
CarMax (KMX) reported a slight revenue decline in its fiscal fourth quarter, though retail unit sales improved sequentially. The company paused its share repurchase program to manage its balance sheet, and shares have fallen sharply over the past year. Despite the drop, the stock may not be cheap, and investors are advised to exercise caution.
Tickers: $KMX
Topics: Balance Sheet Management Earnings Revenue Stock Performance Used-Car Retail