CarMax buys cars and offers online and in-store appraisal. The company also provides used car financing through CarMax Auto Finance.
Second quarter wholesale gross profit per unit was $975, in line with $963 a year ago. We bought approximately 300,000 vehicles during the quarter, up 3% from last year. We purchased approximately 269,000 vehicles from consumers with more than half of those buys coming through our online in...
most of those buys came through our relationship with Edmunds. But as I said, just the trajectory where we see those things going, we think in very short order, we’ll buy more than anyone else online from consumers.
we completed the national rollout of this offering on carmax.com. Early response has been strong with online buys quickly exceeding our expectations, providing us with a clear pathway
year's first quarter. With regard to marketing going forward, we plan to speak to our spend on a per-total unit basis, inclusive of total retail and wholesale units. We believe this more holistically reflects the impact of our marketing initiatives, which support both vehicle sales and buys....