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MarketBeat
MarketBeat
Jeffrey Neal Johnson

CarMax and Carvana: Steering the Used Car Market

The used car market is experiencing a period of dynamic change, with evolving consumer preferences, technological advancements, and economic factors shaping the fortunes of key players. CarMax (NYSE: KMX), a long-standing leader known for its brick-and-mortar presence and established brand, and Carvana (NYSE: CVNA), an online disruptor that has experienced dramatic recent volatility, exemplify these contrasting trajectories.

Carvana's stock has recently experienced the start of a solid rebound fueled by its latest earnings report, raising the question: Can CarMax replicate this success and potentially start a rebound of its own as it heads into its earnings call?  

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