Saturday, September 09, 2006

CarMax Inc. (Ticker: KMX) AKA the Walmart of Used Car Superstores

The stock of the retailer of used cars CarMax Inc. which operates 71 dealerships in 34 markets is showing subtle but steady strength as it broke above a three year high recently. The company is scheduled to release earnings on Sep. 20th and the indications are that the company had a strong quarter. My initial purchase for one account I manage is up 5.99% and the rising price on higher trading volume is encouraging. The company’s share price is also very close to an all time high, which could cause the stock to continue to run higher on a breakout

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