CarMax, Inc. (NYSE:KMX) flagged execution risks tied to its omni-channel strategy, prompting Morgan Stanley to lower its price target to $56 while maintaining an Overweight rating. The firm noted Carvana’s competitive edge, casting doubt on CarMax’s market dominance despite fundamental strengths. The stock’s volatility reflects investor unease over the used-car market’s normalization.

Headquartered in Richmond, Virginia, CarMax, Inc. (NYSE:KMX) is the largest used-vehicle retailer in the U.S. Founded in 1993, it operates over 240 stores with a growing online platform supporting its customer-centric sales model. Analysts are closely monitoring the stock, suggesting valuation support could improve with better execution.

Read more at Yahoo Finance: CarMax Faces Omni-Channel Uncertainty as Morgan Stanley Cuts Target