CarMax Pulls Financial Target Timelines on Trade Volatility (3)

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.

Its shares tumbled as much as 21% in New York, the biggest intraday decline since September 2022.

The guidance change reflects uncertainty in the market ...