All articles tagged with #used car sales
CarMax's stock dropped to a more than five-year low after the company reported a disappointing second quarter with lower-than-expected profit, sales, and used car prices, prompting plans to cut costs amid a challenging market environment.
Carvana's stock continues to rise after a 56% rally, but analysts are holding off on any rating upgrades despite positive comments and lifted performance estimates. William Blair and Raymond James analysts reiterated market perform ratings, while JPMorgan analyst Rajat Gupta maintained a neutral rating. The company's progress is encouraging, but analysts are seeking improved visibility on liquidity and free cash flow generation before any potential stock upgrade.