Carvana Stock Hits Buy Zone, CarMax Jumps With Used-Car Market Poised To Rebound

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Carvana stock returned to a buy zone on Wednesday and CarMax shares popped after the latest Mannheim used-car value report. Carvana also earned a Street-high price target and unveiled website upgrades to make shopping for used electric vehicles 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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