Digital Auto Sales Are Here to Stay. That’s Good for CarMax and Carvana.
During the pandemic, many people became comfortable ordering their groceries online, bringing online sales to one of the final bricks-and-mortar categories. CarMax in particular saw “nicely improved trends” last month, she notes, leading her to believe that its used car comparable sales will be up between 3.5% and 4% in the fiscal quarter ended February, comfortably above consensus estimates of 1% to 1.5%.