- Carmax Inc. reports a 9% increase in quarterly revenue, reaching $5.16 billion, beating analysts’ expectations. The company also saw a 70% rise in used car unit sales compared to the same period last year.
- The S&P 500 closed at a record high on Thursday, driven by strong gains in technology and healthcare stocks. The index gained 0.7% to end the day at 4,358.69.
- In economic news, the U.S. Labor Department reported that jobless claims fell to 360,000 last week, marking a new pandemic low. The decrease suggests a strengthening labor market as the economy continues to recover from the impact of COVID-19.
Read more at Barchart: What to Expect From CarMax’s Next Quarterly Earnings Report