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Schwab Network

Inside Out: KMX, CVNA Options Trades

9 min10 april 2025

With tariffs impacting vehicle prices, Karl Brauer looks at the pricing fluctuation potential for new and used cars. Looking at Carmax (KMX) and Carvana (CVNA) as two of the largest used vehicle retailers, Karl sees a lot of reach for KMX and says the tricky part will be incremental growth. He says so much of the forward picture for KMX and auto retailers is reliant on tariffs, consumer sentiment and the overall economy. Tom White looks at example options trading strategies in KMX and CVNA.


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Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D

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