CarMax Shakes Up Leadership Amid Steep Sales Drop
The nation's largest used car seller, CarMax, is replacing CEO Bill Nash following disappointing financial performance and weak sales forecasts for the third quarter.
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CarMax Q2 Sales Slump After Tariff-Driven Rush
CarMax Q2 results severely missed Wall Street forecasts (64¢ vs. ~$1.04 expected). Used car sales fell 6.3%, partly due to customers rushing buys ahead of tariffs and high loan losses. The stock dropped 12%. CEO Bill Nash called it "challenging".
Hertz & Amazon Now Sell Used Cars Online!
Hertz now sells used rental cars on Amazon Autos in Dallas, Houston, LA, & Seattle. Expanding to 45 locations, this partnership marks Amazon Autos' first rental fleet deal, boosting Hertz's retail ops and aiming for convenience & profit.