Used car retailers were on the upswing last year because of a shortage of new cars, low interest rates and strong consumers. Are they starting to run out of gas?
Not quite yet. CarMax The largest retailer in the United States, reported Friday that its total revenue grew 21% in the quarter ended May 31 from a year earlier — higher than the 18% increase seen by retailers. exploratory analysis by Visible Alpha was expected. Net income was largely in line with expectations. Its shares were up 7% in midday trading.
https://www.wsj.com/articles/used-car-sellers-not-running-out-of-gas-just-yet-11656088363?mod=rss_markets_main Used car seller not running out of gas