Carmax Released Q4 Data

The data is clear that individuals are selling their cars online more than ever. As David Long would say, “How do we future-proof ourselves?”
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Carmax Released Q4 Data

The online automotive retail company, Carmax, reported a 5.2% drop in used car sales but a 33% increase in profits during Q4 2021 due to average retail prices . The year ended with revenue up 49% but earnings down 28%.

BUY. EVERY. THING. Carmax reported buying 1.4M cars in 2021, a 95.5% increase year over year. The company used its online instant appraisal tool for about half of the vehicles.

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