(Adds stock activity) NEW YORK, May 20 (Reuters) - Used car seller CarMax Inc. on Friday cut back its quarterly earnings and sales outlook, saying high gasoline prices appear to be hurting demand for cars, sending shares down more than 10 percent. For the fiscal first quarter ending May 31, the Richmond, Virginia, company said it now expects earnings of either 35 cents or 36 cents per share with comparable-store used vehicle unit sales growth of 6 percent. That compares with previous ...
Premium Content (PAID Subscription Required)
"UPDATE 2-CarMax cuts outlook, blaming high gasoline prices" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642