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CarMax Pulls Financial Target Timelines on Trade Volatility
CarMax said a year ago it aimed to sell more than 2 million total retail and wholesale units annually between fiscal 2026 and 2030.
Photographer: Amy Osborne/BloombergThis article is for subscribers only.
CarMax Inc. backed away from the timing of its financial goals, joining a growing list of companies indicating that uncertainty around President Donald Trump’s trade war is making long-term planning difficult.
While the used-car retailer said it was making progress toward its targets, it will remove the timelines associated with them due to “the potential impact of broader macro factors.” CarMax revealed the decision Thursday in a statement that also detailed worse-than-expected fourth-quarter results.