KMX Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: KMX's digital sales growth and efficient inventory management position it to capitalize on any economic recovery, especially if interest rates stabilize.




Bearish Case: Persistent high interest rates and tight lending conditions continue to suppress vehicle sales, further challenging KMX's profitability in a volatile market.




Potential Outcomes:
  • Easing rates boost demand (40% chance).
  • Tight lending inhibits sales (35% chance).
  • Online sales mitigate losses (15% chance).
  • Unexpected economic shocks reduce demand (10% chance).



April 24, 2025


Carmax Forecast

KMX        Carmax











Correlated Assets

Assets that tend to move strongly with KMX



TFC Forecast + Options Trading Strategies   TFC  Truist Financial (0.8)


PNC Forecast + Options Trading Strategies   PNC  PNC Financial Services (0.72)


SSO Forecast + Options Trading Strategies   SSO  ProShares Ultra S&P500 (0.69)


JPM Forecast + Options Trading Strategies   JPM  JPMorgan Chase (0.69)


KKR Forecast + Options Trading Strategies   KKR  KKR (0.69)



Uncorrelated Assets

Assets with little price relationship to KMX



ADI Forecast + Options Trading Strategies   ADI  Analog Devices (-0.01)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.01)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (0.01)


STLD Forecast + Options Trading Strategies   STLD  Steel Dynamics (-0.02)


OPCH Forecast + Options Trading Strategies   OPCH  Option Care Health Inc. - Registered Shares (0.02)



Anticorrelated Assets

Assets that tend to move strongly against KMX



PDD Forecast + Options Trading Strategies   PDD  Pinduoduo (-0.54)


MUX Forecast + Options Trading Strategies   MUX  McEwen Mining (-0.55)


DVN Forecast + Options Trading Strategies   DVN  Devon Energy (-0.55)


BHP Forecast + Options Trading Strategies   BHP  BHP Group Limited (-0.56)


GROY Forecast + Options Trading Strategies   GROY  Gold Royalty (-0.61)









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