The Latest Breaking News from Carmax

Used-car seller Carvana stock grew fast in the pandemic. Investors parsed through the Carvana earnings report for positive trends.

Fuelled by robust demand, shifting consumer demands, and technological advancements, the auto industry is booming. So, let us discuss how fundamentally strong auto stocks Group 1 Automotive (GPI), Rush Enterprises (RUSHA), and Cars.com (CARS) might be poised for gains more than CarMax (KMX). Keep reading.

Wall Street expects used car retailer CarMax (KMX) to post a year-over-year decline in revenue and earnings for the second quarter. Should one invest in the stock before its earnings results are reported? Read on to learn my view….

Used cars remain out of reach for many Americans, the CarMax earnings report showed.

The most traded-in brand for EVs was Toyota, with 12 percent, followed by BMW and Ford with 8 percent each.

The small-cap Russell 2000 improved but remains below its 200-day moving average.

Sales of new manual-equipped cars increased to 1.7% of the total market this year, up from 0.9% in 2021.

Carvana has shot up by a whopping 904% in 2023. Will the rally continue or does it have some steam left?

The second-quarter earnings season is about is about to get underway. The S&P 500 profits are expected to decline the most in three years.