Professional
Added to YB: 2024-08-15
Pitch date: 2024-06-30
KMX [bullish]
CarMax, Inc.
-44.06%
current return
Author Info
No bio for this author
Company Info
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States.
Market Cap
$5.1B
Pitch Price
$73.15
Price Target
N/A
Dividend
N/A
EV/EBITDA
16.91
P/E
10.13
EV/Sales
0.84
Sector
Specialty Retail
Category
growth
FPA Crescent Fund Portfolio Holding: CarMax, Inc.
KMX: Largest US used car dealer (245 locations, 4% mkt share). No-haggle pricing, online/in-store shopping, 125-pt inspection, 10-day return. Industry-leading GPU. Recent sales downturn due to inflation/rates. Long-term growth potential (oldest stores 10%+ mkt share). Improving customer experience should drive volumes, market share, profits/vehicle, ROIC.
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