Used Car Sales

Heading into CarMax, Inc (NYSE: KMX)'s fourth-quarter earnings report Wednesday, investors were likely expecting weak same-store unit comps — which the company delivered, along with an EPS miss. In the view of Buckingham Research Group, the bullish narrative for the used car retailer...

Analysts at Oppenheimer assumed a "cautious" stance on CarMax, Inc (NYSE: KMX) in October, but three months later the firm is upgrading the stock.  The Analyst Oppenheimer's Brian Nagel upgraded CarMax's stock rating from Perform to Outperform with a price target boosted...

Good things happen if you’re Tesla Inc (NASDAQ: TSLA), not so good things if you’re any other automaker. “Consumers are going to feel better purchasing a used Tesla as opposed to a used traditional car with hundreds of thousands of miles on it,” Gene Munster, managing...

Sales of new vehicles in the U.S. throughout July were poor, and investors are scrambling to find an explanation, especially when factoring in a strong growth of licensed drivers, relatively affordable financing and cheap gas. But the answer is quite simple, Bloomberg reported. Going back 20 years...