Good morning. As earnings season continues, uncertainty around tariffs is leading some companies to pull timelines for financial targets.
CarMax, the largest retailer of used cars in the U.S., reported results on Thursday for its fourth quarter that ended Feb. 28. But missing expectations and backing away from offering a long-term financial goals timeline, “given the potential impact of broader macro factors,” sent its stock price tumbling. At market close, CarMax shares were down about 17% amid a broader stock market selloff.
