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Posted by
Two Blokes 5 hours ago -
Filed in
Stock
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CarMax delivered a strong Q1 beat, driven by higher volumes and record margins, but some gains may be temporary due to tariff pull-forward. Financing profits remain pressured by rising credit losses, and I expect ongoing provisioning to weigh on future earnings. CarMax shares now trade near my fair value target, reflecting a balanced risk/reward after recent underperformance and improved cost controls.
