CarMax to Keep Gaining Market Share Due to Potential New Tariffs -- Market Talk

Dow Jones2025-04-21

0853 ET - CarMax is in a position to take market share and capitalize on strengthening used car sales due to potential new car tariffs, Wedbush analysts say in a research note after meeting with the car retailer's management team. The company has been adding share in the last three quarters and should continue to do so now that its omnichannel rollout is complete with a competitive price strategy, the analysts say. Overall, CarMax's long-term growth potential is solid even if it decided to remove the timeframe to achieve its long-term targets due to macro uncertainty, the analysts say, adding that they continue to believe Carmax can reach its sales and market share goals. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 21, 2025 08:53 ET (12:53 GMT)

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