(CNN) - Rising interest rates and high prices are putting used cars out of reach for a growing number of car shoppers. It’s bad news for CarMax, the largest used car dealer in the U.S. CarMax reported ...
CarMax plunges 16% as 'vehicle affordability challenges' drive 3rd-quarter earnings and revenue miss
CarMax shares sharply fell Thursday as the used-car retailer missed third-quarter expectations. Customers are facing "vehicle affordability challenges" with high inflation and interest rates.
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