Jim Cramer - Mad Money
CarMax
KMX-N
DON'T BUY
Jun 18, 2021
They report Friday. Used cars are booming, because carmakers like GM are stuck with the semiconductor shortage. He doubts Carmax will say that used cars are more plentiful, though. This stock could be tough.
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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They report Friday. Used cars are booming, because carmakers like GM are stuck with the semiconductor shortage. He doubts Carmax will say that used cars are more plentiful, though. This stock could be tough.