Tariffs May Have Mixed Effects On Carmax, May Boost Used Car Demand Due To Pricier New Cars: Analyst
1. CarMax reported a 5.1% increase in same-store sales, improving from the previous quarter. 2. Adjusted earnings per share were slightly above expectations at $0.64. 3. The analyst firm predicts a mixed impact from tariffs on used car demand. 4. Market share is stable, with growth in the 0–4-year vehicle segment. 5. CarMax plans to broaden omnichannel sales and increase auto finance penetration.