$19.63 -0.54 (-2.68%)
12/3/2009 4:00 PM

CarMax, Inc. (KMX)

CAPS Rating: 3 out of 5

The Compamy including its wholly owned subsidiaries, is a retailer of used vehicles in the United States.

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Member Avatar TMFMmbop (97.53) Submitted: 11/21/2006 1:10:25 PM : Outperform Start Price: $23.63 KMX Score: -1.01

I have a deep respect for business models like that at CarMax, or Blue Nile, and even The Motley Fool. What these companies have done is take an industry that was somewhat shady, made its customers feel awkward, and never guaranteed the same price or the same results, and made it more transparent, more user friendly, more educational, more fun, and more rewarding. These types of businesses represent such a vast improvement over the status quo, that I think that they can do nothing but succeed.

The problem with CarMax here is that the price appears to be a little steep for real money, but that's why we wait for dips.

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Member Avatar SafeAndCheap (99.49) Submitted: 3/14/2008 12:06:21 PM
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And the dip is here. Buffet and Chris Davis have been buying at higher prices.

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