its creation of EchoPark, a chain of preowned-vehicle stores that will challenge used-car retailers such as CarMax (NYSE: KMX ) and Asbury Automotive (NYSE: ABG ). EchoPark is part of Sonic's $350M investment to revamp its approach
to approve transfers of franchise rights at some dealerships, limiting acquisition-based growth.As category killer CarMax grows, it has the potential to take away some of the highly profitable used-car business.The company has had goodwill
sales remains at 15.9 million-16.2 million units. We think the dealer sector--including Lithia Motors LAD, CarMax KMX , and Asbury Automotive ABG--is the most competitively advantaged business in the automotive supply chain. Parts
leaving our fair value estimate of CarMax unchanged after analyzing the company ..... remember that it is just one quarter and CarMax ’s first half of its fiscal year ..... to declining by $39 as reported. CarMax has added 17 stores since the start
CarMax operates in a cyclical industry, and its ..... vehicle purchasing cycle is not a sure thing. CarMax has increased revenue and profitability at ..... growth rate in a highly fragmented industry, CarMax has excellent growth prospects for new and
Sonic plans to take CarMax head-on in used vehicles.
fair value estimate after analyzing CarMax ’s fiscal 2014 fourth-quarter results ..... and 12% for all of fiscal 2014. CarMax needs comparable-store sales to ..... mature stores. For the full year, CarMax ’s SG&A per unit declined 4.5
recording of new- and used-vehicle revenue and inventory valuation, and uncertainty around the company's plan to take CarMax head-on with Sonic's own stand-alone used-vehicle stores starting late this year. Still, we do not think our
(Reuters) - CarMax Inc said it could start lending to borrowers with weak credit records as it seeks to cut its reliance on third-party subprime car loan providers that are tightening their lending...
CarMax reported a strong third quarter for fiscal ..... announcing that its captive finance arm, CarMax Auto Finance, or CAF, will start a small ..... million of originations over the next year. CarMax 's cash on hand will fund this amount and