used car market

Despite challenging economic conditions marked by inflationary pressures, higher interest rates and weak consumer confidence, CarMax, Inc (NYSE:KMX), the nation's largest used car retailer, reported a surprising first-quarter fiscal 2024 earnings beat, sparking an over 8% run on shares to the...

Online-only used card dealer Carvana Co (NYSE: CVNA) reported below-consensus fourth-quarter results and guidance after the close Tuesday. The Analyst BMO Capital Markets analyst Daniel Salmon downgraded Carvana from Outperform to Market Perform and lowered the price target from $23 to $15....