Latest news with #usedvehicles
Yahoo
a day ago
- Automotive
- Yahoo
Are Wall Street Analysts Predicting CarMax Stock Will Climb or Sink?
Valued at a market cap of $8.7 billion, CarMax, Inc. (KMX) is a leading retailer of used vehicles and related products. The Richmond, Virginia-based company offers customers a broad selection of domestic, imported, luxury, hybrid, and electric vehicles. Additionally, it offers vehicle financing, extended protection plans, reconditioning services, and repair services. This used vehicle retailer has significantly lagged behind the broader market over the past 52 weeks. Shares of CarMax have declined 27.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.4%. Moreover, on a YTD basis, the stock is down 29.4%, compared to SPX's 9.7% surge. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Lyft Generates Huge FCF Margins - LYFT Stock Is Too Cheap Powell, Trump Talks and Other Can't Miss Items this Week Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Narrowing the focus, KMX has also considerably underperformed the Consumer Discretionary Select Sector SPDR Fund's (XLY) 24.8% uptick over the past 52 weeks and 1.8% YTD rise. On Jun. 20, CarMax's shares surged 6.6% following its better-than-expected Q1 earnings release. Primarily due to a 7.5% rise in used vehicle sales, the company reported overall revenue of $7.5 billion, up 6.1% from the same period last year and marginally above the consensus estimates. Moreover, this solid top-line performance, along with a 70-basis-point expansion in gross profit margin, contributed to a notable 42.3% year-over-year increase in its net income to $1.38 per share, which topped the consensus estimates by an impressive margin of 16.9%. For the current fiscal year, ending in February 2026, analysts expect KMX's EPS to grow 19.3% year over year to $3.90. The company's earnings surprise history is mixed. It met or exceeded the consensus estimates in three of the last four quarters, while missing on another occasion. Among the 19 analysts covering the stock, the consensus rating is a "Moderate Buy' which is based on nine 'Strong Buy,' three "Moderate Buy," five 'Hold,' one "Moderate Sell,' and one 'Strong Sell' rating. This configuration is more bullish than a month ago, with eight analysts suggesting a 'Strong Buy' rating, and two recommending a 'Strong Sell.' On Aug. 12, Evercore Inc. (EVR) analyst Michael Montani maintained a "Buy" rating on KMX and set a price target of $80, implying a 38.5% potential upside from the current levels. The mean price target of $79.88 represents a 38.3% premium from KMX's current price levels, while the Street-high price target of $105 suggests an ambitious upside potential of 81.8%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
6 days ago
- Automotive
- Yahoo
Hertz Car Sales is Redefining the Test Drive and Expanding its Rent2Buy Program to 100+ Cities Nationwide
Newly added 2025 models now available for 3-day test drives, with no pressure to buy ESTERO, Fla., August 14, 2025--(BUSINESS WIRE)--Hertz Car Sales today announced the nationwide expansion of its popular Hertz Rent2Buy® program to more than 100 cities. As consumers increasingly embrace the "try before you buy" approach—from furniture to fashion—Hertz Car Sales is meeting the moment by redefining the traditional test drive. The Rent2Buy program offers thousands of well-maintained, competitively priced used vehicles—including newly added 2025 models—for an extended test drive. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Rent2Buy eliminates the pressure and guesswork of traditional car shopping by allowing customers to test drive vehicles at a low daily rate for up to three days before purchasing. In fact, 80% of those who rent through the program choose to buy the vehicle. Customers can browse online, reserve a vehicle, and take it home for a 3-day test rental. The low daily rental fee is completely waived if they decide to buy. "Buying a car is one of life's biggest decisions, and we believe customers deserve more than a spin around the block to make it," said Jeff Adams, Executive Vice President of Hertz Car Sales. "Rent2Buy reflects how we're rethinking every part of the customer experience at Hertz: giving people the time, tools, and transparency to feel confident in their choices. Whether it's testing how a car fits into your daily life or simply making sure it feels right, Rent2Buy puts the power back in the customer's hands, with no pressure and no surprises." How Rent2Buy Works: Choose your car – Browse a wide selection of vehicles online, including newly added 2025 models. Test it for 3 days – Take a complimentary 2-hour test drive or rent the car for up to 3 days at a special low rate. Make it yours – Love the car? Buy it and Hertz will waive the rental charges. In many states, you can even complete the purchase from home. Peace of Mind Comes Standard Every Rent2Buy vehicle is backed by a 12-month/12,000-mile limited powertrain warranty (whichever comes first), 24-hour roadside assistance, travel breakdown protection, and a 7-day/250-mile buy-back guarantee (whichever comes first)*. Because Rent2Buy vehicles are still part of Hertz's active rental fleet, buyers get early access to newer, lower-mileage cars, often priced below Kelley Blue Book Suggested Retail Value. Whether you're looking for a reliable commuter car, a family SUV, or a luxury ride, Hertz Car Sales makes it easy to find the right fit without the pressure. *Terms apply. Visit to learn more. Hertz Hertz Global Holdings Inc. is one of the world's leading car rental and mobility solutions providers. Its subsidiaries and licensees operate the Hertz, Dollar, Thrifty and Firefly vehicle rental brands with more than 11,000 rental locations in 160 countries around the globe, as well as the Hertz Car Sales brand, which offers a range of quality, competitively priced used cars for sale online and at locations across the US, and the Hertz 24/7 car sharing business in Europe. For more information about Hertz, visit View source version on Contacts mediarelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
6 days ago
- Automotive
- Zawya
South Africa: AutoTrader reports robust July sales growth as practical used cars rise in popularity
Buyer preferences continue to evolve, blending affordability with reliability in South Africa's used vehicle market. The South African used car industry is growing from strength to strength, with the latest July 2025 numbers showing year-on-year (YoY) and month-on-month growth (MoM), reflecting the continued trend of renewed consumer confidence and a resilient used vehicle market. The top five best-selling used vehicles remain unchallenged by new contenders. However, the bottom half of the top 10 has shown several minor shifts, indicating a change in the mindset of South African used car buyers. Based on the latest sales data from AutoTrader, 33,919 used vehicles were sold in July 2025, representing YoY and MoM increases of +7% and +9.4%, respectively. This makes last month the strongest sales period for 2025 so far, with a consistent rise noted over the past few months. In June, 31,008 sales were recorded, compared to 31,741 in May. Before examining the sales of specific models and variants, it is worthwhile to review the most popular used car brands in July 2025. As expected, Toyota retained its enviable first-place ranking, with 5,878 used cars sold last month. The Japanese automaker also recorded the biggest MoM increase of +13%, while YoY sales rose by +7%. Volkswagen followed in second place with 4,638 used car sales, posting smaller but steady gains of +7% MoM and +5% YoY. Ford secured third position with 3,604 sales, showing a solid MoM increase of +12% but only a modest +3% YoY rise. Hyundai delivered the strongest growth overall, with an impressive YoY surge of +49% and 2,416 sales in July. Suzuki also performed exceptionally well, recording a +41% YoY increase. Not all brands in the top ten shared in the upward trend. Premium marques BMW and Mercedes saw declines of -2% and -12% YoY, respectively, while Nissan, Renault, and Kia also posted YoY decreases. While Toyota leads on a brand level, Ford tops the charts on a model level, with 2,025 units of the Ranger sold last month — a YoY increase of +6.4%. The Ranger not only accounts for 56% of all Ford sales, but also outsold its closest rival, the Toyota Hilux, by 389 units. The Hilux recorded 1,636 sales, followed by the Polo (1,400), Polo Vivo (1,322), and Toyota Fortuner (815). The lower half of the top 10 reveals notable shifts. Once-regular entries like the BMW 3 Series and Mercedes-Benz C-Class are absent, replaced by smaller, more affordable crossovers and hatchbacks. The Suzuki Swift recorded a +34.5% YoY increase, while the Hyundai Grand i10 experienced the strongest growth of all, with sales surging by +116.7% YoY. Other popular models include the Toyota Starlet and Corolla Cross, reflecting a growing preference for practical, fuel-efficient hatchbacks and crossovers. It is worth noting that seven of the top 10 most-sold models are manufactured in South Africa. 'The evolving dynamics of South Africa's used car market highlight a maturing consumer mindset that balances reliability with smart economic choices,' commented George Mienie, CEO of AutoTrader. 'The sustained popularity of rugged workhorses like the Ranger underscores enduring demand for utility and durability, yet the rapid growth in compact, locally manufactured models signals a broader shift toward accessibility and everyday practicality.' Mienie added that this balance suggests the used car market is not only resilient, but responsive to the diverse needs of South African consumers. 'This reflects both economic realities and changing lifestyle preferences.' In July 2025, the used car market showed the following key figures: The cumulative value of used cars reached R14.10 billion, representing an MoM increase of +8.67% from June 2025 (R12.98 billion). The average price of a used vehicle was R415,983, down from R418,770 in July 2025, but higher than the average of R409,238 in July 2024. The average mileage has fallen from 75,227 km in July 2024 to 73,579 km in July 2025. While the Ranger is the most successful used vehicle in South Africa—and has been so for many months—the title of the best-selling variant belongs to the Polo Vivo 1.4. 1,037 examples were sold in July 2025, making up 78.4% of all Polo Vivo sales. The affordable hatchback is followed by the Polo 1.0 TSI (879), the Hilux 2.8 GD-6 (723), the Ranger XL (664), and the Hilux 2.4 GD-6 (555). The Ford Ranger retained its lead as South Africa's top-selling used vehicle in July 2025, with 2,025 units sold, followed by the Toyota Hilux and Volkswagen Polo. Data from AutoTrader shows continued strong demand for bakkies and compact hatchbacks. Top 10 sold used models in July 2025 Ranked by most sold Model Sold Count Price (R) Average Mileage (km) Average Registration year Average 1 Ford Ranger 2,025 R492,873 81,051 km 4 years old 2 Toyota Hilux 1,636 R477,253 106,222 km 5 years-old 3 Volkswagen Polo 1,400 R271,691 67,456 km 5 years-old 4 Volkswagen Polo Vivo 1,322 R207,978 51,819 km 3 years-old 5 Toyota Fortuner 815 R496,026 109,012 km 6 years-old 6 Suzuki Swift 690 R204,605 36,697 km 3 years-old 7 Isuzu D-Max 578 R423,884 70,810 km 3 years-old 8 Hyundai Grand i10 546 R192,388 41,932 km 3 years-old 9 Toyota Starlet 508 R240,326 36,054 km 2 years-old 10 Toyota Corolla Cross 486 R387,197 28,920 km 2 years-old Source: AutoTrader Used Car Sales Data: 1 – 31 July 2025
Yahoo
01-08-2025
- Automotive
- Yahoo
Why Shares of Carvana Are Surging This Week
Key Points Auto tariffs appear to have increased demand for used vehicles. Carvana's stock has been on a crazy ride since the pandemic. Wall Street analysts raised their price target on the name. 10 stocks we like better than Carvana › Since the close of trading last Friday, shares of the online used-car retailer Carvana (NYSE: CVNA) had surged roughly 11.4%, as of 10:26 a.m. ET today. The company reported strong second-quarter earnings this week and received several price target increases from Wall Street analysts. A boost from auto tariffs In the second quarter of 2025, Carvana reported $308 million of net income on total revenue of $4.8 billion. Profits are up more than fivefold on a year-over-year basis, while revenue surged 42%. During the quarter, Carvana sold an all-time high 143,280 retail units. "In April, we saw strong demand following the initial announcement of auto tariffs in late March, resulting in higher-than-normal April Retail GPU [gross profit per unit]. For the full quarter, we estimate that this transitory benefit positively impacted Q2 Retail GPU by ~$100," management said in its quarterly letter to shareholders. Following earnings, Bank of America analyst Michael McGovern reiterated his buy rating on the stock, assigning a $425 price target, which implies about 15% upside from current levels. "We think CVNA is also benefiting from a mix-shift toward Used, as cost conscious customers seek value," McGovern wrote in the note. Interesting valuation dynamics Carvana has been an extremely volatile stock to own over the past few years. The stock traded to less than $5 per share in 2023 and now trades over $370. The stock is now valued at over 65 times forward earnings but just 2.7 times forward revenue. Given how the used-car business can be heavily impacted by the economy, and given how the economic trajectory is still quite uncertain, I'd stay more cautious on the name. Should you buy stock in Carvana right now? Before you buy stock in Carvana, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carvana wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Bank of America is an advertising partner of Motley Fool Money. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Shares of Carvana Are Surging This Week was originally published by The Motley Fool Sign in to access your portfolio
Auto Blog
11-07-2025
- Automotive
- Auto Blog
Florida Dealerships Sued For Selling Used Cars As New
Two Florida dealerships are facing legal trouble over allegations that they sold used vehicles as new—an accusation that, if proven true, could land them in serious violation of state consumer protection laws. One of the lawsuits, filed in early July, accuses Sun Toyota in Holiday, Florida, of selling a 2024 Toyota Land Cruiser as 'new' despite the vehicle allegedly having prior use. The buyer, Shawn Crowley, claims the Land Cruiser was represented as a brand-new model with just '10 factory miles' on the odometer. But according to court documents, Crowley later discovered that the SUV had been used by dealership staff and should have been sold as a used vehicle. A second, separate lawsuit has been filed against another Florida dealership over similar allegations—though the details of that case are still sealed or pending full release. 0:02 / 0:09 GM sued for selling driver data to insurers Watch More Source: Toyota A Pattern Of Misrepresentation? In both cases, the plaintiffs argue that the dealerships violated the Florida Deceptive and Unfair Trade Practices Act (FDUTPA), which prohibits businesses from making false or misleading claims about a product's condition, history, or use. While some dealers lean on 'as-is' clauses to cover themselves, state law is clear: you cannot legally sell a used vehicle while representing it as new—especially when mileage, documentation, or vehicle history suggest otherwise. The cases mirror a larger trend of automotive legal action across the US. From mechanical defects to misleading sales practices, frustrated consumers are increasingly turning to the courts when dealerships or automakers fail to deliver honest transactions. Just last month, GM was sued over claims its vehicles can be stolen in under 30 seconds, thanks to reportedly hackable keyless entry systems. Lawsuits Mounting Across The Industry Legal action isn't limited to just dealerships. Ford is currently fending off a class action lawsuit from EcoBoost owners who allege the company has ignored persistent engine defects. Rather than issuing proper fixes, the lawsuit claims Ford applied temporary patches and software updates that did little to address the root cause—often after warranty coverage expired. And Mazda is under fire too. CX-90 lessees have sued the company over noisy, juddering brakes that reportedly won't stay fixed, even after multiple dealership visits and service bulletins. Plaintiffs argue that the persistent issues amount to a defect in all 2024–2025 models. In that context, the Florida lawsuits—though centered on sales tactics rather than mechanical problems—highlight a growing wave of scrutiny toward all corners of the automotive industry. Whether it's faulty parts or misleading paperwork, consumers are becoming more assertive in demanding accountability. What Buyers Can Do Attorneys representing the plaintiffs in the Florida dealership cases are asking for damages, court costs, and—most importantly—a ruling that confirms the vehicles were misrepresented. If the court sides with the buyers, it could trigger further investigations or additional claims from other customers who purchased vehicles from the same dealers. In the meantime, experts recommend that consumers shopping for 'new' vehicles double-check the vehicle history report, confirm mileage, and ask whether the car has been used as a demo or staff loaner. If anything seems off, walk away—or at least consult a lawyer before signing. About the Author Max Taylor View Profile
