CarMax beats expectations and we have ignition!
CarMax Inc. (Ticker: KMX) broke to an all time high today on five times its 3 month average volume. The used car Super Store auto dealer announced better than expected earnings and raised its full year projections. The stock closed up $3.16 for a gain of 7.87% for the day. The company is the largest U.S. retailer of used cars, with 71 super stores in 34 states. The company is on track to open 10 additional stores this year and to grow by 20% annually for the next 5 years. The stock is up 17.22% since my initial purchase.
posted by Greg @ 12:47 AM
1 comments
1 Comments:
I've heard such great things about CarMax. I know quite a few people who have purchased cars from there and say they will never go anyplace else now. That's where my next car will come from.
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