10:41 AM EDT, 04/10/2025 (MT Newswires) -- CarMax ( KMX ) delivered "solid" Q4 results, with improvements that were driven by consumers adjusting to higher prices and "modestly" better affordability, Truist analysts said in a Thursday note.

Referring to tariffs, Truist analysts said they expect levies to "be a mixed bag" for the company as higher new auto prices could boost used car sales initially, but a subsequent rise in used prices could propel potential buyers to "fall out of the pool" and concentrate on repairing their current vehicle.

Truist highlighted the fact that CarMax ( KMX ) maintained its long-term goals -- including selling over 2 million total units and $33 billion in annual revenue -- but removed the previous timeframes it had for those objectives amid the macro uncertainty.

Truist reiterated a hold rating and $88 price target.

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