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Partner Interview
Published January 9, 2026

CarMax: Inventory Missteps, Omnichannel Friction, and the Carvana Challenge

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Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.

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That means the wrong prices and wrong cars?

Too many cars at a high price, not enough cars, and not moving your margins effectively to take advantage of the ups and downs more aggressively. I don't understand why the company got fixated on this narrow band of margin management, thinking that's what shareholders wanted. I think it led them to poor decisions since Covid.

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