CarMax Inc.

CarMax is a holding company. Through its subsidiaries, the company is engaged as a retailer of used vehicles. The company operates in two segments: CarMax Sales Operations, which sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers; and CarMax Auto Finance, which consists of finance operation that provides vehicle financing to customer buying retail vehicles from the company The company's products and services include retail merchandising, wholesale auctions, extended protection plans, reconditioning and service, and customer credit.
  • TickerKMX
  • ISINUS1431301027
  • ExchangeNew York Stock Exchange
  • SectorGeneral Retailers
  • CountryUnited States
Nathan Friedman ...
  • Seth Basham

2Q20 Review: It’s All About Units, Not ASPs

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

10-Year Treasury Yield Reversing Higher Our outlook remains bullish and we believe the path of least resistance remains higher. Several concerns that we have previously noted as being risks to our bullish outlook are now becoming tailwinds. We are encouraged by yesterday's bullish reversal in the 10-year Treasury yield and recent rotations into smid-caps, Financials/banks, Consumer Discretionary, Transportation, Manufacturing, Materials, and Energy Sectors -- which in turn has resulted in improved breadth. These types of Sector rotations are what healthy bull markets are made of. · S...

CARMAX reduced its risk exposure resulting in an upgrade to Slightly Positive

CARMAX (US), a company active in the Specialty Retailers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date August 11, 2020, the closing price was USD 103.99 and its potential was estimated at USD 121.55.

Valens Research

Valens Equity Insights and Inflections - 2020 08 11

WMT currently trades above corporate averages relative to Uniform earnings with a 30.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 9% in 2020 to 14% in 2025, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bullish expectations, projecting Uniform ROA to maintain 9% levels through 2022, accompanied by 2% Uniform asset shrinkage. Furthermore, management may be concerned about growth, margins, and e-commerce. Current valuations appear to be pricing in overly bullish expectations for WMT, and if the com...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • A number of significant Communications names are developing bullishly. (ex. GOOG, FB, and NWS) • Consumer Discretionary names continue to develop positively. (ex. THRM, LEA, WYNN, PENN, CMG, KMX, and AMZN) • Energy Sector names continue to attempt to carve out bottoms. (ex. OXY, VAL) • Financial Sector names continue to develop bullishly (ex. C, UMPQ, EWBC, TROW, MSCI, SPGI, GS, and MS)

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • The U.S. dollar is breaking its 16-month uptrend and is declining through its 200-day moving average and Gold is breaking to 6-year price highs. RS appears to be staging a reversal at a support level. (ex. GC00, GDX) • A number of Healthcare Sector names are breaking out or staging reversals. (ex. ITGR, CHE, XRAY, OMCL, MOH, WCG, ARWR, INCY, GILD, VRTX, IQV, MEDP, and CTLT)

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Gold at a critical juncture We remain neutral on U.S. equities as the S&P 500 continues its sideways consolidation pattern between support at 2,720-2,730 and resistance at the all-time highs of 2,954. On the bright side, most technical indicators that were deteriorating throughout the month of May are now stabilizing - however they are not actually improving. Below we go into further detail, and also highlight the potential return of the gold trade. • Gold at a critical juncture. Gold prices have been generally consolidating for six years, and have been consistently unable to break above the...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/top-down ideas, short-term patterns that may have long-term significance, etc. We believe you will find this product valuable as significant price and relative moves begin in the daily charts.

Carmax Inc: 4 directors sold/sold after exercising options

Four Directors at Carmax Inc sold/sold after exercising options 302,207 shares at between 97.090USD and 98.000USD. The significance rating of the trade was 70/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is re...

Nathan Friedman ...
  • Seth Basham

2Q20 Review: It’s All About Units, Not ASPs

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

10-Year Treasury Yield Reversing Higher Our outlook remains bullish and we believe the path of least resistance remains higher. Several concerns that we have previously noted as being risks to our bullish outlook are now becoming tailwinds. We are encouraged by yesterday's bullish reversal in the 10-year Treasury yield and recent rotations into smid-caps, Financials/banks, Consumer Discretionary, Transportation, Manufacturing, Materials, and Energy Sectors -- which in turn has resulted in improved breadth. These types of Sector rotations are what healthy bull markets are made of. · S...

Valens Research

Valens Equity Insights and Inflections - 2020 08 11

WMT currently trades above corporate averages relative to Uniform earnings with a 30.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 9% in 2020 to 14% in 2025, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bullish expectations, projecting Uniform ROA to maintain 9% levels through 2022, accompanied by 2% Uniform asset shrinkage. Furthermore, management may be concerned about growth, margins, and e-commerce. Current valuations appear to be pricing in overly bullish expectations for WMT, and if the com...

Valens Research

KMX - Embedded Expectations Analysis - 2020 08 07

CarMax, Inc. (KMX:USA) currently trades near historical highs relative to UAFRS-based (Uniform) earnings, with a 41.5x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about loan losses, their inventory management, and profitability Specifically, management is confident they are pausing additional spend on store expansion activities in FY2021. Additionally, they may lack confidence in their ability to grow gross profit per unit, improve sales from alternative delivery channels, and sustain SG&A expense reductions. Furthermore, the...

CARMAX reduced its risk exposure resulting in an upgrade to Slightly Positive

CARMAX (US), a company active in the Specialty Retailers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date August 11, 2020, the closing price was USD 103.99 and its potential was estimated at USD 121.55.

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

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