Latest News Updates From Rachel Phua

BusinessEquipment

CarMax turnaround effort begins to show results

Gross profit generated from used vehicle sales grew for the first time in five quarters, while the company sold more used vehicles in the quarter than analysts projected. 

September 29, 2026
BusinessPrivate

Five Below Raises Full-Year Guidance

The retailer said it will stay cautious on spending trends after tax refund-driven demand fades, while continuing to use viral products to drive store traffic.

June 4, 2026
BusinessLogisticsFor-Hire

J.B. Hunt Misses Revenue Estimates on Freight Slump

J.B. Hunt handled fewer longhaul, coast-to-coast shipments during the quarter, with intermodal volumes shifting toward shorter hauls in the eastern U.S.

January 16, 2026
BusinessEquipment

Struggling CarMax Reports Lower Used Car Sales

“It is clear CarMax needs change,” interim CEO David McCreight said. The used car retailer terminated its former CEO William D. Nash at the start of December.

December 18, 2025
BusinessPrivateTop 100

Sysco Says Consumer Woes Hamper Long-Term Outlook

Consumers are cutting back on restaurant spending as they cope with economic uncertainties, causing Sysco to forecast annual sales at the lower end of its target range, CEO Kevin Hourican said.

July 29, 2025
BusinessPrivateTop 100

Sysco Slashes Outlook as Wary Americans Tighten Budgets

Sysco Corp. lowered its outlook as weakening consumer confidence causes Americans to dine out less.

April 29, 2025

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