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CarMax's quarterly profit, revenue dip as used car market weakens
Reuters· 2025-12-18 13:17
Core Insights - CarMax reported a decline in third-quarter revenue and profit due to weaker demand and falling prices for used vehicles in the U.S. [1] Company Summary - The company experienced a drop in revenue and profit in the third quarter [1] - The decline is attributed to reduced demand for used vehicles [1] - Falling prices of used vehicles in the U.S. have negatively impacted the company's financial performance [1]
Copart misses revenue estimates on weak demand for used cars
Reuters· 2025-11-20 22:21
Core Viewpoint - Online vehicle auction company Copart reported first-quarter revenue below Wall Street estimates due to weak demand and falling vehicle values for used cars [1] Company Summary - Copart's first-quarter revenue was negatively impacted by a decline in demand for used vehicles [1] - The company faced challenges as vehicle values for used cars continued to fall, contributing to the revenue shortfall [1]