CarMax Shares Slide as Used Car Sales Slow and Carvana Gains Ground
CarMax shares drop sharply after weak used car sales, shrinking profits, and rising pressure from fast-growing rival Carvana.
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Wedbush Upgrades Carvana to Outperform as Shares Pull Back
Wedbush upgrades Carvana to Outperform with a new $400 price target, saying the recent pullback is overdone and offers a strong risk/reward opportunity.
Ford Partners with Amazon to Sell Certified Pre-Owned Cars Online
Ford teams up with Amazon to sell certified pre-owned vehicles through Amazon Autos, allowing customers to browse, finance, and schedule pickups at participating dealers online.
Carvana Posts Record Sales But Stock Tumbles on Lending Concerns
Carvana reported record Q3 sales and profits, but shares fell 9% as the company stayed silent on its loan business amid rising subprime auto lending concerns.
Carvana Stock Drops Amid Auto Market Worries
Carvana shares fall nearly 11% as auto market concerns and lender bankruptcies shake investor confidence, despite strong year-to-date gains.
JPMorgan Boosts Carvana Price Target to $490, Sees Strong Q3 Ahead
JPMorgan raises Carvana stock target to $490 with Overweight rating, citing strong operational advantages and dismissing consumer credit concerns ahead of Q3 earnings.