Earnings are approaching and
KMX
is one of the sweet spots in retail. New car sales are declining which limits the supply of second hand cars , this in turn increases demand and prices in the second hand market, improving margins and earnings. The same can be said for parts suppliers etc as cars are been maintained for longer. The chart illustrates just how good the sector is, the price is about to bang heads with the ATH level once again and earnings may be the stimulus to get past that level. Set alert for break above $82.
AVERAGE ANALYSTS PRICE TARGET $83
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 16
COMPANY PROFILE
CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.
KMX
is one of the sweet spots in retail. New car sales are declining which limits the supply of second hand cars , this in turn increases demand and prices in the second hand market, improving margins and earnings. The same can be said for parts suppliers etc as cars are been maintained for longer. The chart illustrates just how good the sector is, the price is about to bang heads with the ATH level once again and earnings may be the stimulus to get past that level. Set alert for break above $82. AVERAGE ANALYSTS PRICE TARGET $83
AVERAGE ANALYSTS RECOMMENDATION BUY
P/E RATIO 16
COMPANY PROFILE
CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.