Bulls REASONS TO BUY
Bears REASONS TO SELL
April 20, 2014
(Stock Blog Hub, 4/18/13)
CarMax Inc. (KMX) posted a profit of $107.2 million or 46 cents per share in the fourth quarter of fiscal 2013 ended Feb 28, 2013, barely exceeding the Zacks Consensus Estimate by a...(read more)
(Wax Ink, 11/12/12)
At Wax Ink, we are continually updating our valuations for selected stocks on our master watch list. Thus far in November we have updated our valuation worksheets for 18 stocks, five...(read more)
(The Market Financial, 3/14/12)
This is the first time we present a share price model for CarMax (NYSE: KMX). This company from services category of the S&P 500 index is a retailer of used vehicles in the United States. Several days ago we published a price model for a si...
CARMAX (KMX) Company Overview
CarMax, Inc. (CarMax) is the country's largest retailer of used cars by volume. CarMax competes in a highly fragmented, highly competitive market; there are approximately 20,000 automotive dealerships, 39,000 independent used vehicle dealers and an unknown number of individuals who sell used vehicles to the public. CarMax has used its size to take advantage of economies of scale in its operations, notably through its rigorous computer-based tracking systems and no-haggle pricing strategy.
Two seemingly unrelated drivers of sales are airline travel and hurricanes. CarMax sold over 200,000 wholesale vehicles to rental car companies such as Hertz Global Holdings (HTZ) and Avis Budget Group (CAR), which thrive on increased airline travel. In addition, hurricanes tend to destroy cars, thus temporarily driving up the prices that CarMax can charge for its vehicles. As mentioned above, Carmax's stock rose 80% with speculation on the passing of the cash for clunker's program, which capitalizes on the impacts of weatherization.(Read more at Wikinvest )
What's in this KMX analysis on Wikinvest...