CarMax KMX

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    1. Markel Adds to Investments in 3Q

      Commentary

      Thu, 6 Nov 2014

      firms, management is actively adding to the company's public equity portfolio--which includes large positions in Carmax , Walgreen, Berkshire Hathaway, and Disney--but repurchased only $26 million in stock during the first nine months

    2. CarMax's 2Q Dragged Down by New Stores and Flat Comps

      Commentary

      Tue, 23 Sep 2014

      We think CarMax had a weak second quarter for fiscal 2015 results ..... 0.03. This year’s calendar meant CarMax had one less Saturday than the prior year ..... great, but we are not concerned about CarMax ’s long-term health. Management has

    3. Put These Firms on Your Industrials Watchlist

      Headlines

      Sat, 28 Jun 2014

      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

    4. CarMax Starts Fiscal 2015 With All-Time Record Sales and Earnings

      Commentary

      Fri, 20 Jun 2014

      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

    5. CarMax's Fourth Quarter Looks Strong to Us Despite the Street's Apparent Disappointment

      Commentary

      Fri, 4 Apr 2014

      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

    6. Moats Drive Auto Dealerships

      Headlines

      Mon, 31 Mar 2014

      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

    7. CarMax unit could lend to subprime customers, shares fall

      Headlines

      Fri, 20 Dec 2013

      (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...

    8. CarMax Increases EPS 15% in Fiscal 3Q, Announces Subprime Pilot Lending Program

      Commentary

      Fri, 20 Dec 2013

      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

    9. Sonic Automotive Reports Complete 3Q Results

      Commentary

      Fri, 8 Nov 2013

      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 .

    10. Corporate Culture—Not Lip Service—Counts

      Headlines

      Fri, 8 Nov 2013

      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

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