Jim Cramer - Mad Money
CarMax
KMX-N
BUY
Mar 26, 2021
It reports Thursday and he expects a blow-out report. They sell used cars. Carmakers can't make new cars because of the ongoing semiconductor shortage. So, the used car market is soaking up demand.
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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