Auto Retailers

Vroom Inc. on Monday raised $467.5 million in its initial public offering. What Happened The online auto retailer said it sold 21.2 million shares priced at $22 each. Underwriters for the IPO, including have an additional option to purchase shares worth $70.1 million within a 30-day period....

CarMax, Inc. (NYSE: KMX) is in the early stages of a major change in sales strategy as it rolls out what it calls an omni-channel market, allowing customers to go through the whole car buying process online and have the car delivered to their home or work. Its second-quarter results Tuesday,...

Wednesday was a brutal day for auto part stocks after O'Reilly Automotive Inc (NASDAQ: ORLY) reported not only poor sales metrics for its second quarter but concerning commentary, including a "more challenging sales environment" than expected. So, why is that the entire stock market...

Shares of AutoNation, Inc. (NYSE: AN) plunged more than 10 percent on Wednesday after the company issuing a disappointing fourth quarter outlook. AutoNation, the nation's largest dealership operator, said that it sold 35,962 vehicles throughout December. The company noted that while this...