Morgan Stanley Downgrades CarMax, Prefers Carvana

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Recorded10 Nov 2025

Publisherfeeds.acast.com ↗

Handlerec:2198514

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Morgan Stanley downgrades CarMax, citing operational issues and leadership uncertainty. The firm lowered its rating from Overweight to Equal-weight and cut its price target from $56 to $35. This comes as CarMaxs stock has dropped by 60% this year, and the company faces a competitive market, affordability challenges, and strategic problems. Morgan Stanley is now looking for a new CEO to improve CarMaxs online and in-store platform, digital buying experience, and strategic direction. Despite the downgrade, Morgan Stanley still views CarMax as a high-quality brand with valuable assets, but they currently prefer Carvana due to its strong growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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