Amazon, Ford Partner on Used Cars. 4 Stocks That Could Be Impacted.

Amazon stock was dropping, but it likely didn’t have much to do with a deal it made with Ford. (Brandon Bell/Getty Images)

Key Points

• Amazon.com and Ford Motor announced that certified preowned Ford vehicles are now available on Amazon Autos.
• Amazon Autos, launched in late 2024 with Hyundai Motor, now expands its offerings to include Ford vehicles.
• On Monday, Carvana stock rose 1.5%, CarGurus lost 1.6%, while CarMax fell 6.7% and Cars.com dropped 1.3%.

Amazon .com, with its penchant for disrupting retail industries, is going after the used car business with the help of Ford Motor . That could be bad news for CarGurus, Cars.com, CarMax, and Carvana , though they weren’t really acting like it, for the most part.

Monday, Ford Motor and Amazon announced that car buyers can shop for certified preowned Ford vehicles on Amazon Autos. Amazon launched its car buying platform in late 2024, partnering with Hyundai Motor. Hertz was Amazon Autos’ first fleet customer.

The deal is good for Ford dealers, who have another platform to reach potential buyers. Happy dealers are good for Ford, but it shouldn’t impact Ford’s investment case all that much. Ford stock dropped 2.4% on Monday, closing at $12.88. The market didn’t help. The S&P 500 and Dow Jones Industrial Average fell 0.9% and 1.2%, respectively. Amazon stock fell 0.8% to $232.87.

Investors should probably pay more attention to car dealers and buying platforms. Amazon Autos represents either a distribution platform or more competition for them.

The results seem mixed, for now. Shares of CarGurus lost 1.6% after trading higher early in the day. Shares of Cars.com fell 1.3%. Both are relatively small moves compared with the overall market. Shares of CarMax fell 6.7%. Carvana stock added 1.5%.

Coming into Monday trading, shares of CarGurus and Cars.com were down 3% and 34% year to date, respectively. Carvana stock was up 57%, as improved performance reduced fears about the company’s balance sheet. CarMax stock was down 58%. Poor performance prompted the board to make a CEO change.

Other things have impacted shares of those four companies. And the mixed Monday moves seem to indicate, for now, that investors aren’t paying too much attention to Amazon Autos and its potential impact on how Americans buy used cars.

Investors should keep it on their radar, though.

Write to Al Root at allen.root@dowjones.com