Carmax stock price moved slightly higher today to $75

CarMax stock price moved slightly higher today to $75.10, supported by better-than-expected wholesale unit sales data. Institutional buyers are cautiously increasing positions, citing historical resilience in vehicle turnover even during economic cooling cycles. Technical traders note bullish short-term indicators, with resistance near the $77 level. Chris Bottiglieri (BNP Paribas) probed the company’s approach to expanding credit penetration into riskier segments. Nash clarified, “We are not talking about deep subprime,” and emphasized a disciplined approach to credit expansion. Morgan Stanley sees “investor capitulation” on display as CarMax and Carvana shares have differed this year. Today, CarMax stock price is at $76.10, up 1.2%, helped by upbeat consumer sentiment surveys. Analyst notes suggest strong retail confidence could drive incremental sales volumes, aligning with management's growth targets.