KMX

CarMax Inc

Consumer, Industrial/Transportation


Presented:04/06/2016
Price:$53.29
Cap:$10.84B
Current Price:$73.67
Cap:$11.41B

Presented

Date04/06/2016
Price$53.29
Market Cap$10.84B
Ent Value$21.91B
P/E Ratio17.88x
Book Value$14.74
Div Yield0%
Shares O/S203.38M
Ave Daily Vol3,230,575
Short IntN/A

Current

Price$73.67
Market Cap$11.41B
CarMax, Inc. is as a holding company which, through its subsidiaries, operates as a retailer of used vehicles and wholesale vehicle auction operator. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment consists of all aspects of the auto merchandising and service operations, excluding financing provided by CarMax Auto Finance. The CarMax Auto Finance segment provides vehicle financing through CarMax superstores. It also offers financing solely to customers purchasing vehicles at CarMax, and offers qualifying customers an array of competitive rates and terms, allowing them to choose the one that best fits their needs. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.

Publicly traded companies mentioned herein: CarMax Inc (KMX)

Highlights

The presenter is long shares of CarMax (KMX), expecting the company will grow 2x – 3x in size given the fragmented nature of the used car market. He feels concerns over auto demand and consumer credit are misplaced, as slowdowns that have hampered the company are temporary in his view.

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Idea Discussion

Commentor 1 - 2 weeks ago

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