https://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-planContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-planhttps://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-plan#u9338Tue, 23 Jun 2026 05:10:45 +0000CarMax shares fell after the company reported first quarter fiscal 2027 results ending May 31, 2026. CEO Keith Barr introduced a four-pillar strategic framework to drive unit and earnings growth. Investors reacted negatively to shrinking margins and a multi-year turnaround plan.What's confirmed:Net revenues for the first quarter ended May 31, 2026, rose 6.2% to $8.0 billion.Combined retail and wholesale unit sales increased 3.3% to 392,357.Gross profit per retail used unit fell by $230 to $2,177.Wholesale units increased 8.4% with a gross profit per unit of $1,046.Extended Protection Plans mar https://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-planhttps://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-plan#u4120Fri, 19 Jun 2026 02:51:27 +0000CarMax shares fell over 6% following a first quarter earnings beat as investors focused on squeezed margins and credit worries. CEO Keith Barr highlighted operational shortcomings and high costs while detailing a multi-year turnaround plan. The company saw gross profit per retail used vehicle drop $230 from the previous year.What's confirmed:CarMax beat earnings and revenue expectations for the first quarter.CarMax shares fell more than 6% in early trade on Wednesday.CEO Keith Barr identified high costs and operational shortcomings.Gross profit per retail used vehicle decreased by $230 compare https://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-planhttps://www.live-feeds.com/feed/carmax-shares-fall-after-used-car-retailer-reports-earnings-beats-ceo-details-turnaround-plan#u2779Thu, 18 Jun 2026 02:12:24 +0000CarMax’s stock fell sharply following a Q1 earnings beat, as investors fixated on shrinking used-car margins, rising credit loss reserves, and doubts about the company’s ability to cut costs and grow under new leadership. The retailer topped earnings and revenue expectations but saw shares drop 6%–10% amid margin pressure and profitability concerns. CEO Keith Ba—’s turnaround strategy centers on digital upgrades and cost controls, though skepticism lingers about execution in a tougher market. Carvana’s stock also declined in sympathy, driven by broader used-car sector fears.What's confirmed:Ca