CarMax's Q1 Moderately Better, but Competitive Challenges Persist, Truist Says

MT Newswires Live06-18

CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.

Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.

The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival Carvana (CVNA) and traditional dealerships with deeper inventories.

Truist maintained its hold rating and $47 price target on the stock.

Price: 47.62, Change: -4.49, Percent Change: -8.62

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2644272696?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-18 03:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2644272696","market":"hk","top_or_hot":-1,"title":"CarMax's Q1 Moderately Better, but Competitive Challenges Persist, Truist Says","media":"MT Newswires Live","content":"<html><body><p> CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected  gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.</p><p>Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.</p><p>The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival <a href=\"https://laohu8.com/S/CVNA\">Carvana</a> (CVNA) and traditional dealerships with deeper inventories.</p><p>Truist maintained its hold rating and $47 price target on the stock.</p><p>Price: 47.62, Change: -4.49, Percent Change: -8.62</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CarMax's Q1 Moderately Better, but Competitive Challenges Persist, Truist Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarMax's Q1 Moderately Better, but Competitive Challenges Persist, Truist Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-18 03:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected  gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.</p><p>Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.</p><p>The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival <a href=\"https://laohu8.com/S/CVNA\">Carvana</a> (CVNA) and traditional dealerships with deeper inventories.</p><p>Truist maintained its hold rating and $47 price target on the stock.</p><p>Price: 47.62, Change: -4.49, Percent Change: -8.62</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CVNY","symbol_name":"CVNA期权收益策略ETF-YieldMax","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2644272696","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2644272696","pubTimestamp":1781723940,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CarMax's  fiscal Q1 was moderately better, helped by better than expected  gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival Carvana  and traditional dealerships with deeper inventories.Truist maintained its hold rating and $47 price target on the stock.Price: 47.62, Change: -4.49, Percent Change: -8.62","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CVNY":"CVNA期权收益策略ETF-YieldMax","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","CVNX":"2倍做多CVNA ETF-Defiance","BK4588":"碎股","KMX":"车美仕","BK4585":"ETF&股票定投概念","CVNA":"Carvana Co.","BK4214":"汽车零售","BK4548":"巴美列捷福持仓","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","BK4503":"景林资产持仓","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC"},"translate_title":"Truist表示，CarMax第一季度业绩略有好转，但竞争挑战依然存在","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KMX":1.5,"CVNA":1,"CVNX":0.6,"CVNY":0.6},"content_text":"CarMax's (KMX) fiscal Q1 was moderately better, helped by better than expected  gross profit, wholesale results and consumer finance income, though comparable used-vehicle sales remained slightly negative, Truist said in a note on Wednesday.Used-vehicle comparable sales fell 0.8%, compared with Truist's forecast for flat growth, while gross profit per unit was $2,177, above the brokerage's $2,118 estimate, according to the note.The brokerage said CarMax's new strategy focused on pricing, customer experience, ancillary sales and cost reductions addresses key issues, but the company remains caught between online rival Carvana (CVNA) and traditional dealerships with deeper inventories.Truist maintained its hold rating and $47 price target on the stock.Price: 47.62, Change: -4.49, Percent Change: -8.62","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2644272696","isCrawlerRequest":true}