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CarMax is the latest company to nix long-term growth targets on earnings call: 'Why put a target out there?'

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The company points to the "potential impact of broader macro factors."
CarMax has eliminated its long-term growth targets, as announced during its recent earnings call, signaling a shift in strategy amid challenging market conditions. CEO Bill Nash explained that the decision to remove these targets, which included goals for unit sales and earnings per share, was made to provide the company with greater flexibility to navigate the current economic environment. Despite the removal of these long-term goals, CarMax reported a slight increase in quarterly earnings, though it continues to face pressures from high interest rates and a competitive used car market. Nash emphasized that the company remains focused on improving operational efficiency and customer experience to drive growth in the near term.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/10/carmax-nixes-long-term-growth-targets-earnings-call-ceo/ ]