CarMax: Is There a Silver Lining to the Earnings Car Wreck?

Key PointsCarMax shares suffered a 9.2% drop on its fiscal Q4 2024 earnings report, marking its first EPS miss since fiscal Q2 2023.CarMax is suffering from falling used car prices that aren't up-ticking consumer demand as affordability remains a top challenge driven by high interest rates and low consumer confidence.CarMax unit sales rose on the retail front and the CEO is confident they will accelerate market share growth as used car affordability improves with deflation and as vehicle values stabilize.5 ...