Used Cars

Automotive retailer CarMax Inc (NYSE:KMX) reports fourth-quarter (Q4) financial results Thursday, April 11 before market open. Here are the key earnings estimates, what analysts are saying and key items to watch for investors. Earnings Estimates: Analysts expect CarMax to report Q4 revenue of $5....

Whistleblower Edward Snowden expressed bewilderment over reports of individuals paying $3,000 monthly for cars. Snowden reminisced about purchasing his last car for a total of $3,000, questioning the current state of the used car market and inflation’s impact. What Happened: On Tuesday, he...

Online used car company Carvana Co (NYSE:CVNA)’ stock is volatile Monday with a new short report out on the company that comes on the heels of the company’s fourth-quarter results. What Happened: Kerrisdale Capital is out with a short report on Carvana. "We're short $CVNA post the 30...

Online used car company Carvana Co (NYSE:CVNA) is set to report fourth-quarter financial results after market close Thursday. Here are the key earnings estimates from analysts, what analysts are saying and key items to watch. Earnings Estimates: Analysts expect Carvana to report fourth-quarter...

The YouTube channel "What's Inside? Family" — which has over two million subscribers — recently tested how much a Tesla (NASDAQ:TSLA) Cybertruck could fetch from used car purchaser and retailer CarMax Inc (NYSE:KMX). In the video, which currently boasts over 130,000 views, host Lincoln Markham said...

Vroom, Inc. (NASDAQ: VRM) shares are trading lower in Monday's after-hours session after the company announced it is discontinuing its operations and winding down its used vehicle dealership business. What To Know: Vroom announced on Monday after the close of the market, causing shares to...

Carvana Co. (NYSE:CVNA) has successfully ramped up its cash reserves by trimming costs. Yet the ongoing turbulence in the used car sector has Morgan Stanley analyst Adam Jonas pondering the sustainability of Carvana’s overarching strategy. Morgan Stanley Issues Mixed Signals On Carvana...

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, rising from 3% in June but lower than expected 3.3%. Despite the overall figure, there were substantial variations among the basket’s key components, but the significant decline in the price of second-hand...

The U.S. consumer price index (CPI) inflation decelerated more than predicted in June, increasing investor conviction that the Fed may decide for only one more rate hike and then halt its tightening cycle. The annual inflation rate in the United States dropped from 4% in May to 3% in June,...

Wall Street speculators may be seeing the early stages of a potential short squeeze after some of the most heavily shorted stocks experienced massive price increases on Thursday. Shares of Nikola Corp. (NASDAQ:NKLA), Verve Therapeutics, Inc. (NASDAQ:VERV), Carvana Co. (NYSE:CVNA), Zentalis...

After skyrocketing since the outbreak of COVID-19, used car prices have finally started to ease, raising early hopes that a bubble is starting to wane. Investors keep tabs on a number of well-known used vehicle stocks, including CarMax Inc. (NYSE: KMX), Lithia Motors Inc (...

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This...

Shares of online automobile marketplace Cars.com Inc (NYSE: CARS) are flying into Thursday’s trading session, up 11.85% after the company reported better-than-expected earnings along with upbeat forward guidance. Opposite of Vroom Inc (NASDAQ: VRM), and Carvana Co (NYSE: CVNA) shares, the...

Shares of Carvana Co (NYSE: CVNA) are experiencing upside volatility Friday, following a report suggesting lenders do not expect the company to file for bankruptcy soon. The stock was trading 13.1% higher at $5.61 late Friday morning after it resumed trading following a circuit breaker halt. ...

Carvana Co (NYSE: CVNA) shares are down more than 98% since the start of the year and one analyst firm said the stock was likely to remain in freefall.  What To Know: Wedbush on Wednesday downgraded Carvana from Neutral to Underperform and slashed the price target...