Core Insights - CarMax is launching a new brand positioning with the tagline "Wanna Drive?" to emphasize its customer-centric, omni-channel car-buying experience [1][4][10] - The new approach aims to empower customers by allowing them to shop online, in-store, or switch between both seamlessly, setting a new standard in the used car retail industry [3][10] Brand Positioning - The new tagline "Wanna Drive?" replaces the previous tagline that had been in use for over 20 years, reflecting the evolution of CarMax and its commitment to customer empowerment [7][10] - CarMax's omni-channel experience allows customers to have control over their car-buying journey, providing clarity and confidence [10][12] Customer Experience - CarMax has achieved its highest Net Promoter Score since the rollout of its digital capabilities, indicating increased customer satisfaction, particularly among those using online and mixed shopping options [4][10] - The company emphasizes honesty, integrity, and innovation as core values that differentiate it from traditional and online-only dealers [4][10] Marketing Campaign - The campaign features the CarMax House Band, which represents the journey of car buying and selling, with creative spots designed to resonate with customers [11][12] - The marketing strategy includes a phased rollout across various platforms, including linear TV, streaming, social media, and audio [12]

Core Insights - Arhaus, Inc. reported first quarter 2025 results, showing resilience amid macroeconomic volatility, with a net revenue increase of 5.5% to $311 million compared to the same period in 2024 [6][27] - The company revised its full-year outlook due to broader uncertainties but remains confident in its business model and growth strategy [3][9] Operational Highlights - Comparable growth was (1.5)%, while demand comparable growth was 4.1%, indicating healthy client engagement and successful marketing initiatives [3][6] - The showroom footprint expanded to 103 showrooms across 30 states, with 5 showroom projects completed in the first quarter, including 1 new showroom and 4 relocations [4][6] Financial Performance - Gross margin increased by 0.4% to $116 million, while selling, general, and administrative expenses rose by 13.9% to $110 million [6][27] - Net and comprehensive income decreased by 67.6% to $5 million, and adjusted EBITDA fell by 36.2% to $19 million compared to the same period in 2024 [6][27] Future Outlook - The company plans to complete 12 to 15 total showroom projects in 2025, with expectations to reduce sourcing from China to approximately 1% of total receipts by the fourth quarter [2][4] - Updated guidance for full-year 2025 net revenue is projected between $1.29 billion and $1.38 billion, with comparable growth expected to range from (5)% to 1.5% [9][8] Balance Sheet and Liquidity - As of March 31, 2025, cash and cash equivalents totaled $214 million, with net merchandise inventory at $301 million, reflecting a 1.5% increase from the previous year [13][24] - Client deposits increased by 19.2% to $263 million, indicating strong customer engagement [13][24]