CarMax hits the skids as management removes timelines from its financial goals on trade chaos

CarMax still has goals; it’s just not thinking of them in terms of time any more. In its earnings report on Thursday, CarMax said it’s backing away from the time frames attached to its long-term financial goals because of trade volatility.

“We are focused on growing the business, and we continue to make progress toward our long-term goals. However, we are removing the timeframes associated with them given the potential impact of broader macro factors.”

It’s a similar move to one Delta Air Lines made Wednesday, when it pulled its full-year guidance and warned of the possibility of a recession. Shares of the used vehicle retailer were down more than 8% in premarket trading.

CarMax said it sold 301,811 vehicles between its retail and wholesale businesses in the fourth quarter, short of analyst expectations of 312,800.

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Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Although Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report — at the Golden Arches, however, customers weren’t lovin’ the vibe.

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Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

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Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

September marked another banner month for Ford’s electric vehicle business, with EV sales climbing 85% from the same month last year to more than 11,700 units.

For the third quarter as a whole, Ford’s electrified unit sales grew nearly 20%. That’s the division’s best Q3 on record, boosted by the looming end of the $7,500 federal tax credit on Tuesday. Ford, with rival GM, has found some ways to extend that credit in the hopes of keeping sales stable.

Overall, Ford sales rose 8.2% on the quarter, and September was the automaker’s seventh straight month of sales gains. Ford sales have been buoyed this year by panic buying: first from fears of tariff price hikes (and Ford’s strong incentives), and lately from the EV credit expiration.

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Have chicken strips become the fast-food panic button of 2025?

McDonald’s, Taco Bell, and now Wendy’s have all added variations on the theme this year.

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Co-CEOs are back in Corporate America — and Wall Street isn’t sure what to make of it

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