CarMax's Q1 decline in consumer and wholesale car sales signals potential challenges for Carvana's Q2 report.

CarMax's Q1 results indicate potential challenges for Carvana. With a 3.1% and 8.3% year-over-year decline in consumer and wholesale car sales, respectively, the used car market appears to be weakening despite lower vehicle prices. These trends could apply to Carvana and may impact its upcoming Q2 report, posing potential risks for investors expecting good news.