The Contrarian Case For CarMax Stock

The cycle is turning against CarMax. It's worth buying anyway

TLDR:

• Used car dealer CarMax is headed for a few challenging quarters, at least.

• The industry benefited from the pandemic but is now facing multiple headwinds.

• Even in that context, a stunning decline implies CarMax’s business is less attractive than even pre-2020.

• That sentiment appears far too bearish, and long-term, is likely to reverse.