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On April 1, 2024, when KMX was at $85.72, we published our pre-earnings analysis to our clients - which included the whispers from our sources in the industry.
KMX reported its 4Q 2024 earnings on April 11th, 2024. KMX’s earnings were disastrous. We published a post-earnings analysis with our insights—the stock was at $68.68.
Here is the synopsis of what we heard from our auction sources and our brief interview with a dealer during the process.