Post #607 by FishBulb on the Falling Knives board

Investment Strategies / Falling Knives

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This stock has been a stinker for about 3 years, and today it got extra stinky.
Down 16% at the moment after earnings release this morning.

https://www.barrons.com/articles/carmax-earnings-s...

Shares of Carmax sank Thursday after the used-car dealer reported fiscal-fourth-quarter earnings that missed expectations and management sounded the alarm about the looming impact of auto tariffs.

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“I think it will it will push some folks into looking at used cars, late model used cars, which is interesting because that’s what we’re seeing a lot of interest in right now,” CarMax CEO William Nash said Thursday. “Now, I think over time, what could happen is that the used car prices will also go up.”

What’s more significant, in Nash’s view, is the higher cost of auto parts. “The other thing to think about on the tariffs that impacts our business as well as any anybody that sells used cars, it’s just the parts piece,” he said.

CarMax must find ways to offset those increases, the CEO continued. Still, he struck an upbeat tone on the earnings call, asserting the company manages inventory “better than anybody in the business.”

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