Carvana Stock, CarMax Rally As Used-Car Market Seen Rebounding

Carvana stock and CarMax both popped on Wednesday after the latest Mannheim used-car value report. Carvana also earned a Street-high price target and unveiled website upgrades to make shopping for electric vehicles and hybrids easier. In June, retail used-vehicle sales fell 5% month over month but rose 3% year over year, Cox Automotive said on Tuesday afternoon.

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