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For years following the worst of the COVID-19 crisis, the Federal Reserve wrestled with blistering inflation. Unfortunately, it was a necessary evil.
An active 2024 hurricane season will likely help sales at Home Depot Inc., Lowe's Cos., Floor & Decor Holdings Inc, and Tractor Supply Co. but hurt used car seller CarMax Inc., analysts at Mizuho said Thursday.
Demand for used cars continues to deteriorate despite falling prices. CarMax is still spending heavily, seemingly unable to adjust to its shrinking business.
21 new analysts joined in June and are highlighted today. Each is introduced with some details on their first investment thesis on Seeking Alpha and their background. Analysts cover a range of sectors including biotech, technology, consumer staples, and real estate. Take a look for new authors to follow and investment ideas to consider.
I wasn't keen on writing about used car stocks to buy. But then I read an article from early June in the Wall Street Journal that was an interesting take on used car sales.
Finding a good stock to buy as the market hits new all-time highs can be a challenge. But not every company has participated in the current stock market rally.
The majority of consumers now seek out both digital and physical channels in their car buying journey, according to CarMax, and this omnichannel adoption continues to grow.
CarMax, Inc.'s Q1 2025 revenues fall year-over-year, but beat consensus estimates. CarMax's Q1 2025 earnings show a decline in comparable sales and margins, but surpass consensus expectations. CarMax's repurchase program accelerates with $104 million spent in Q1, targeting five new stores for Fiscal 2025.
U.S. stocks traded mixed midway through trading, with the Dow Jones index edging higher on Friday.
What's going on in the used car market? Garrett Nelson discusses CarMax (KMX) versus Carvana (CVNA) in the used car space.