CarMax pops on strong Q1 results

Financial Performance - CarMax beat expectations on both top and bottom lines [1] - CarMax's same store sales increased by 81% for the quarter, exceeding analyst expectations of around 77% to 78% [2] - Gross profit per vehicle was also slightly better than many analysts anticipated [3][4] Market Dynamics - Tariffs are contributing to increased demand for used cars, particularly evident in April and May [1] - Residual value in the used car market is near a record high, benefiting CarMax's buy and sell operations [3] Company Outlook & Sustainability - The market is uncertain about CarMax's ability to sustain its strong performance consistently [4] - CarMax has historically struggled with delivering consistent results on a quarter-over-quarter basis [5]