Carmax stock price forecast market models factoring seasonal auto

Market models factoring seasonal auto demand push CarMax stock price forecast estimates toward $72 in November, contingent on consumer spending remaining intact. The previous big move we wrote about was 26 days ago when the stock dropped 3.6% on the news that the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. Devitt noted that CarMax missed expectations on “all key metrics,” including revenue, retail sales, and diluted EPS . He also highlighted disappointing results in used-car unit growth, average selling price, and retail gross profit, all of which fell short of estimates. Based on recent earnings reports, CarMax stock price forecast models integrate macro factors like interest rate trends and auto loan delinquencies, suggesting nearer-term support at $