CarMax stock rallies 5.85% and outperforms competitors
Updated
Updated · MarketWatch · May 6
CarMax stock rallies 5.85% and outperforms competitors
14 articles · Updated · MarketWatch · May 6
Shares closed at $39.43 on Wednesday, extending gains for a second straight day as the S&P 500 rose 1.46% and the Dow gained 1.24%.
CarMax beat peers including Carvana, up 2.71%, ACV Auctions, down 3.33%, and OPENLANE, up 1.64%, during the broad market advance.
Even after the rally, CarMax remained 45.23% below its 52-week high of $71.99 reached on 3 July, while trading volume of 2.7 million stayed below its 50-day average.
Amidst falling EV sales and new tariffs, is CarMax's recent stock rally truly sustainable for investors?
Can a new CEO and an AI app fix CarMax's deep operational flaws and fend off digital rivals?