CarMax: Business Is Improving, But Not Good Enough (Rating Upgrade)
We bridge the gap between financial information and actionable insight by providing unrivaled coverage on all asset classes and access to best-in-class tools. Luis Alvarez/DigitalVision via Getty Images Investment summary My previous view on CarMax (KMX) was a sell rating because retail volumes were shrinking, KMX was losing market share, and the decision to trade retail margin for volume created downside risk at an expensive valuation. I am upgradingThis article was written byRedfox Capital Ideas767 FollowersFollowI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities.
- ▪We bridge the gap between financial information and actionable insight by providing unrivaled coverage on all asset classes and access to best-in-class tools.
- ▪Luis Alvarez/DigitalVision via Getty Images Investment summary My previous view on CarMax (KMX) was a sell rating because retail volumes were shrinking, KMX was losing market share, and the decision to trade retail margin for volume created
- ▪I am upgradingThis article was written byRedfox Capital Ideas767 FollowersFollowI focus on long-term investments while incorporating short-term shorts to uncover alpha opportunities.
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