Carvana stock has been on a steady downtrend since mid-2021 peaks, with declining earnings keeping the online used car retailer in a stock price rut. Despite macroeconomic headwinds and Carvana’s recent lackluster performance, Bank of America remains optimistic about the company’s business model.
CarMax (KMX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.