CarMax Acquires Edmunds in $400 Million Deal

Yesterday, used-car giant CarMax announced it finalized a deal to acquire automotive consumer advice site Edmunds, in a deal worth just over $400 million. CarMax promises it’s magnanimous, and that Edmunds and its advice will operate independently of CarMax and its sales. CarMax first showed interest in Edmunds in January of 2020, when it handed […]
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