Carvana Shares Climb Following CarMax Earnings Beat

Key Facts

1Carvana shares climbed on Tuesday morning in sympathy with the broader used-car retail sector.

2CarMax reported second-quarter financial results that beat Wall Street expectations.

Carvana shares climbed on Tuesday morning in sympathy with the broader used-car retail sector. Benzinga reported that the rally followed CarMax reporting second-quarter financial results that beat Wall Street expectations, acting as a catalyst for the industry.

CVNA closed at $60.47 on September 28, 2026, while KMX closed at $56.55 on the same date. Sector sentiment was further supported by data from September 24, 2026, showing European Union new car sales grew 3% year-over-year, although this figure trailed previous growth levels.