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CarMax tops analysts estimates for earnings and revenue in Q4

The used-car retailer reports £13.74 billion of full-year revenue. CarMax shares were 5% down in premarket trading on Thursday. CarMax Inc. (NYSE: KMX) reported its financial results for the fiscal fourth quarter on Thursday that topped analysts’ estimates for earnings and revenue, despite the renewed COVID-19 restrictions. The health emergency has so far infected more than 31 million people in the United States and caused over half a million deaths. CarMax shares were reported about 5% down in premarket trading on Thursday. Including the price action, the stock is now exchanging hands at £92.25 per share. In comparison, it had started the year at a lower £67.67 per share. The price action should come in handy if you are interested in investing in the stock market.

CarMax customers get 24-hour test drives, 30-day guarantee

CarMax customers get 24-hour test drives, 30-day guarantee Photo credit: Ken Wolter / Shutterstock.com. Tuesday, Jan. 12, 2021, 07:30 AM By Auto Remarketing Staff RICHMOND, Va. -  Stating that the program allows customers to experience a day in their life with a new ride, CarMax launched a new offering in which customers can take 24‐hour test drives before committing to purchase. CarMax said the program, called the “Love Your Car Guarantee,” provides increased peace of mind and buyer confidence. CarMax has also extended its seven‐day money back guarantee to 30 days. The company is allowing customers 30 days to return the car for any reason for a full refund up to 1,500 miles.

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