Jim Cramer - Mad Money
CarMax
KMX-N
BUY
Dec 18, 2020
A tailwind is the current trend of people moving out of the city into the suburbs and country as the homebuilding sector rallies. Another is the fear of people using public transit during Covid.
They can beat earnings when they report tomorrow. The industry has been hurt because the price of used cars was getting so high, but has been coming down the last two quarters. The industry will start to accelerate in volumes.
The chart has been choppy and rough, but the last quarter finally showed sales picking up. They've invested a lot on their online platform to the best in the industry. The worst is behind it.
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