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CarMax seeks to put its 2nd NJ location in Wayne
2015-07-15 12:15:19| Auto Dealers - Topix.net
A major used-car retailer is proposing to build a store on the former State Farm site on Route 23, ending more than a decade of vacancy as, the township continues to attract developers. CarMax, a Virginia-based company, applied to build a store on 1750 Route 23 north, along with a service building and non-public carwash, according to the application the company submitted on June 24. It would be CarMax's first location in North Jersey and the second in the state.
Why CarMax Is A 'Favorite' Stock At Oppenheimer
2015-07-05 02:44:10| Auto Dealers - Topix.net
In a report published Friday, Oppenheimer analyst Brian Nagel maintained an Outperform rating on CarMax, Inc with a price target of $77. CarMax's 1Q results were hit by unfavorable weather and lumpy trends.
Tags: stock
favorite
oppenheimer
carmax
CarMax Has Healthy Growth Prospects, But Valuation Keeps Us Tethered
2015-06-28 18:24:54| Auto Dealers - Topix.net
Car sales surging to pre-2008 Recession levels behind low fuel prices, low interest rates, and a high-and-flattened average age of vehicles. CarMax possesses certain competitive advantages, such as its flat-commission sales strategy, which should ensure in-line growth with market and high customer retention.
Tags: us
growth
healthy
prospects
CarMax Revisited: Shares May Still Be Too Expensive
2015-06-22 14:20:37| Auto Dealers - Topix.net
In my previous work on CarMax, I claimed that the company is great but that shares may be overvalued relative to its peers. While the company posted attractive growth, used vehicle data is a concern and shares of the business still appear pricey after falling, which leads me to leave my thesis unchanged.
Tags: too
expensive
shares
revisited
CarMax tops 1Q profit forecasts, but revenue disappoints
2015-06-19 19:25:56| Auto Dealers - Topix.net
CarMax, the chain of used car dealerships, reported better-than-expected earnings in its fiscal first-quarter, but its sales growth came up short as used car prices slipped. The Richmond, Virginia-based company reported net income of $182 million, or 86 cents per share, topping Wall Street expectations.
Tags: profit
revenue
tops
forecasts
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