(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
alone used-vehicle stores to compete with CarMax late next year. We are still awaiting ..... it still has a long way to go to match CarMax ’s level of 360. Our Oct. 21 note further ..... Sonic's strategy to compete directly with CarMax .
placing our fair value estimate for CarMax KMX under review while we update the ..... cash-flow model. Our positive CarMax thesis will remain unchanged, and ..... estimate, and we continue to believe CarMax is a compelling long-term growth
forward by essentially launching a CarMax competitor via a new stand-alone ..... plan is clearly Sonic going after CarMax , although management said the stores ..... initially have a captive finance arm like CarMax , but they also said the format could
Spirit Realty Capital [ SRC ; own 2,046 properties with 99% occupancy rate and housing many Walgreens, Lowe’s, Carmax ; most triple-net leases; 12.9x AFFO; 7.1% yield; pg 39]. Bearish stories: Sears Holdings [ SHLD ; its real
than companies that sell more discretionary items. For example, we're seeing companies like Lowe's or [TICKER: KMX ] CarMax which are two holdings in StockInvestor 's Hare portfolio outperform companies like Wal-Mart, which we also own
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
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
CarMax reported an excellent second quarter for ..... penetration of extended service plan business. CarMax Auto Finance's income increased 11.5 ..... from the first quarter at 1.0%. We see CarMax 's growth runway as very long, with only