CarMax stock slips 1.98% and outperforms some rivals
Updated
Updated · MarketWatch · May 1
CarMax stock slips 1.98% and outperforms some rivals
13 articles · Updated · MarketWatch · May 1
Shares closed at $38.53 as the S&P 500 rose 0.29% to 7,230.12 and the Dow fell 0.31% to 49,499.27.
CarMax lagged its 52-week high of $71.99 by 46.48%. Rival Carvana fell 3.34%, while ACV Auctions gained 1.73% and OPENLANE edged up 0.16%.
Trading volume was 2.3 million shares, about 1.1 million below CarMax's 50-day average of 3.4 million, indicating lighter investor activity despite the mixed session.
With wholesale prices rising, is CarMax's plan to slash retail prices a recovery strategy or a dangerous gamble?
As CarMax struggles, its digital rivals are thriving. Is the era of the physical used car superstore nearing its end?