KMX

Carmax Inc

Consumer, Finance/Real Estate, Industrial/Transportation


Presented:01/22/2023
Price:$66.08
Cap:$10.44B
Current Price:$73.67
Cap:$11.41B

Presented

Date01/22/2023
Price$66.08
Market Cap$10.44B
Ent Value$28.81B
P/E Ratio18.58x
Book Value$34.73
Div Yield0%
Shares O/S158.02M
Ave Daily Vol2,805,118
Short Int15.57%

Current

Price$73.67
Market Cap$11.41B
CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment pertains to its finance operation, which offers vehicle financing services to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in 1993 and is headquartered in Richmond, VA.

Publicly traded companies mentioned herein: CarMax Inc. (KMX), Carvana Co. (CVNA)

Highlights

The presenter is long shares of CarMax (KMX), the largest retailer of used vehicles in the United States, operating through two segments, CarMax Sales Operations and CarMax Auto Finance. He views $65 per share as an attractive entry point for a business that is in the early growth of its online business after effectively responding to competitive threats from players like CVNA.

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Idea Discussion

Commentor 1 - 2 weeks ago

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