CVNA - CarMax's Q1 Waves Red Flags for Carvana Stock
2024-07-06 17:00:00 ET
Used car middleman Carvana (NYSE: CVNA) will report its second-quarter results at the end of this month. Given the stock's continued rally from November's low, investors appear to anticipate good news. Perhaps they'll get it.
If the numbers from rival CarMax 's (NYSE: KMX) fiscal 2025 first quarter are any indication, however, Carvana bulls might want to rethink any lofty expectations they have for the upcoming report.
Here's a rundown of the three biggest red flags from CarMax's prior quarter that could -- and probably do -- apply to Carvana as well.
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CarMax's Q1 Waves Red Flags for Carvana Stock