CarMax, the largest used-car retailer, faces challenges as high prices for cars and trucks impact the industry. The company’s Q3 results and updates are expected on Dec. 18. CarMax’s stock has dropped over 50% this year, hitting a 13-year low. Affordability remains a concern as used car prices hover around $26,000. CarMax’s valuation metrics are currently at historic lows. Following a CEO shake-up, analysts are cautious about the stock. The company’s future performance hinges on its ability to stabilize and adapt to changing consumer preferences. Investors await fresh catalysts to boost the stock.

Read more at Nasdaq: What Every CarMax Investor Should Know Before Buying