CarMax Likely Still Faces Tough Competition, Truist Says

03:11 PM EDT, 09/28/2026 (MT Newswires) -- CarMax (KMX) is expected to report higher comparable sales in Q2 amid tough competition, Truist Securities said in a preview note Monday. The results are due on Sept. 29. The report said Q2 unit comparable sales growth forecast is raised to 9% from 7%, and against a market consensus of 5.5%. "While the company appears to be experiencing positive elasticity as it focuses on providing more value for consumers, we continue to believe they are in a difficult competitive position," the report said. The note said the firm is caught between Carvana (CVNA), which has gained substantial "mind share" for consumers looking for a fully on-line transaction experience and more traditional dealers. Truist maintained its hold rating and a $50 price target. Price: 57.56, Change: +0.35, Percent Change: +0.61