CarMax, Inc. (KMX)

This is a total long term play. Economy will turn around and this company has a killer business plan. Once consumers start to purchase cars again, they will come to Carmax to do it.

car sales down

buffett bought it for more

Buffet pick. Outperform.

Perceived weak economy, jobs plentiful, lets spend a little less for a car though.

Buffett is also an investor, as are we. I don't think you can wrong following him. However, WE saw it first! So there's no glory in that, is there?

CarMax looks like a fun ride to me <- that's actually so stupid I think I'll keep it as my pitch. They've been growing revenue and earnings at a nice pace and, as the current top pitch says, taking some of the slime out of the used car business. No debt is also key here. I'm always a fan of the rapid access to large amounts of information that the internet holds. Unless someone comes along that can do it better, CarMax is going to continue to grow.

Bringing trust to one of the most common yet heart rending financial transactions for the average consumer

No credit = no car - new or used. Who has enough cash to buy a car?

Used car sales in the U.S. is over 300 billion dollars per year. Carmax has not yet begun to grow.

The concept works and there is a still a lot of growth to be had geographically as they expand into new areas.

If the consumer is strapped then why not buy used rather than new and why not use the largest used car retailer to do it. Great earnings report last week and the stock seems poised to continue its march higher after its recent split. I see 10% gains in the next few months.

CarMax has a great business model and is very customer friendly. Used car market should improve in a down economy with lower prices needed by consumers.

Car dealership chain (used cars) will enjoy resurgence when we can all afford to buy cars again.

03/26/07 SPLIT AND RECENT QUARTER SHOWED PROFIT, BUT DID NOT MEET EXPECTATIONS... MAJOR REBOUND.

Sounds awful, but when GM, Chrysler and Ford are no longer making new cars, where do people get their cars? It will take quite a long time for the foreign auto makers to ramp up production. So where to you buy a car in the mean time? CarMax!

WB at 25% + discount

Company has niche market and expertise. No other company can compete!

Yes-man, long-term, bought 1/25/08;
Mid-cap $3.6 B, used car sales on internet;
ROE 17.8, ROA 11.7, P/E 18.1, Beta 1.60