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CarMax, Inc. (KMX) operates as a retailer of used vehicles in the United States.
The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance.
It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.
The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions.
As of February 28, 2021, it operated approximately 220 used car stores and 1 new car franchises. On June 25th, Carmax reported 1st Quarter May 2021 earnings of $2.63 per share on revenue of $7.7 billion. The consensus earnings estimate was $1.61 per share on revenue of $6.1 billion. Revenue grew 138.4% on a year-over-year basis. The Company reports on September 30th.
Ahead of the report, shares are breaking out of their bullish "cup and handle." Higher share prices are expected.
Entry Point: $145.00
Stop Loss: $138.00
Trading Range: $84.70 to $146.98
Target Price: $159.50
KMX closed at $144
