Will the Recovery Slow CarMax Down?
Excerpt from the InvestorGuide.com Stock of the Day on 6/19/2009

There seems to be a fair amount of enthusiasm surrounding the largest used-car retailer in the country, CarMax. The Richmond-VA, based company reported earnings today for its fiscal first quarter which ended May 31st and they were well-ahead of expectations. Sales were down 17% but margins jumped as the retailer executed more efficiently and controlled costs associated with inventory management, reconditioning of cars etc. End result -- net income only dropped 2.7% and came in at 13 cents a share. The street was way behind at 4 cents a share, hence the roughly 15% jump in the stock price today. So has the stock gotten ahead of itself? More >

CarMax Profits Sputter in Second Quarter
Excerpt from the InvestorGuide.com Stock of the Day on 9/22/2008

First came the hardships at the auto manufacturers that led to massive operational changes, revised product offerings, and new financing deals for perspective buyers. Now, the weak economy and tightened consumer spending have trickled down to the auto retailers as well. CarMax, which buys and sells used cars, reported dismal second quarter earnings results today, blamed primarily on external conditions. The company is about to make some changes of its own to better steer through the rough market, but will CarMax get the jump it needs to motor on? More >

CarMax Misses Estimates but Has Sights Set on 2008
Excerpt from the InvestorGuide.com Stock of the Day on 3/29/2007

CarMax has somehow managed what most car companies only dream of these days- a financially profitable quarter. Ok so CarMax doesn't actually manufacture its own cars, but it has found a way to actually sell them. This kind of feat is considerable as the latest consumer confidence readings are at their lowest levels in nearly six months and fears for the strength of the economy have led to a collective tightening of the grip on the wallet. But CarMax doesn't show any signs of slowing down to keep pace with the market. The company missed analysts' estimates for the quarter, but has already announced plans for growth and expansion into 2008. Do they have what it takes to maintain speed as they move forward with these ambitious plans? More >