Opinions

Michael Hakes - CFA, MBA CarMax KMX-N COMMENT Jun 22, 2021

To play the used car market in the U.S. Has looked at Carvana, but doesn't know CarMax well. They have a digital online presence to attract customers, and they offer guarantees for their cars. They project high-single-digit growth, but the PE is not cheap. He's not totally against buying KMX, but slightly prefers Carvana.

Michael Hakes - CFA, MBA

Unlock Rating

$116.930

Stock price when the opinion was issued

Automotive

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

BUY

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.

BUY

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.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Michael Hakes - CFA, MBA CarMax KMX-N COMMENT Jun 22, 2021

You might be interested:

CarMax(KMX-N)

CarMax(KMX-N)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Stockchase Insights

Rebecca Teltscher

Andrey Omelchak

The Panic-Proof Portfolio (Stockchase Research)

The Monthly Gems by Allan Tong