CarMax crushed third-quarter earnings estimates early Thursday as the used-car retailer's revenue unexpectedly rose. CarMax stock jumped. Online auto sales rival Carvana tumbled.

CarMax's tough Q2 results set off alarms Persisting inflation, high retail prices and climbing interest rates are prompting consumers to put off buying used cars and trucks.

Moving forward CarMax's omnichannel retail strategy aims to personalize the car-buying experience while allowing customers to shop however and from wherever they choose.

Both CarMax and Carvana are great platforms for buying and selling used cars, but which one is better? Here's a full overview to help you make your decision.

Why CarMax stock is rising: The evolution of the American car buying experience CarMax is on the rise as the company increases its inventory. Here's why it's winning in 2025.