CarMax Stock Gains 2.53% Tuesday Despite Underperforming Competitors

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CARMAX ($NYSE:KMX): Tuesday was a positive day for the stock market, with the S&P 500 index climbing higher.

However, CarMax Inc. stock, despite experiencing daily gains, fell short of its competitors and ended the day at $85.81 with a 2.53% increase. CarMax offers customers a range of services, including appraisals for used cars, financing, warranty coverage, and extended service plans. The company also offers customers a wide selection of used and certified pre-owned vehicles from a variety of manufacturers. CarMax has enjoyed great success in the industry due to its commitment to customer service and its innovative approach to used car sales. Although CarMax Inc.’s stock fell short of its competitors on Tuesday, it is still outperforming the S&P 500 index, which has been volatile over the past few months. Investors have been responding positively to the company’s strategic investments in digital retailing and its focus on creating a better online shopping experience for customers. CarMax’s commitment to customer satisfaction and strong balance sheet are also encouraging signs of continued success in the future.

Analysis

At GoodWhale, we have conducted an analysis of CARMAX’s well-being. Based on our Risk Rating, CARMAX is a medium risk investment in terms of financial and business aspects. After analyzing their balance sheet and cashflow statement, we have detected two risk warnings that could be of interest to potential investors. To access the full report, become a registered user today and check it out. CarMax_Stock_Gains_2.53_Tuesday_Despite_Underperforming_Competitors”>More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Carmax. CarMax_Stock_Gains_2.53_Tuesday_Despite_Underperforming_Competitors”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Carmax. CarMax_Stock_Gains_2.53_Tuesday_Despite_Underperforming_Competitors”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Carmax. CarMax_Stock_Gains_2.53_Tuesday_Despite_Underperforming_Competitors”>More…

Key Ratios Snapshot

Some of the financial key ratios for Carmax are shown below. CarMax_Stock_Gains_2.53_Tuesday_Despite_Underperforming_Competitors”>More…

Peers

CarMax Inc is one of the largest used car dealers in the United States. Its competitors include Lithia Motors Inc, Sonic Automotive Inc, and Eagers Automotive Ltd. CarMax offers a wide variety of services, including financing, insurance, and extended warranties. It has a nationwide network of stores and a strong online presence.

– Lithia Motors Inc ($NYSE:LAD)

As of 2022, Lithia Motors Inc had a market cap of 5.04B and a Return on Equity of 25.15%. Lithia Motors Inc is a publicly traded automotive retailer that sells new and used vehicles, and provides financing, vehicle service contracts, and other aftermarket products. The company operates through three segments: Retail Operations, Vehicle Financing, and Other. Lithia Motors Inc has over 200 dealerships across the United States.

– Sonic Automotive Inc ($NYSE:SAH)

Sonic Automotive Inc is a public company that owns and operates automotive dealerships across the United States. As of 2022, the company had a market cap of 1.61B and a return on equity of 31.11%. Sonic Automotive Inc is a Fortune 500 company and is headquartered in Charlotte, North Carolina. The company operates in over 100 locations and employs over 10,000 people. Sonic Automotive Inc is a publicly traded company on the New York Stock Exchange under the ticker symbol SAH.

– Eagers Automotive Ltd ($ASX:APE)

Eagers Automotive Ltd is a publicly traded company with a market capitalization of $2.81 billion as of 2022. The company has a return on equity of 26.52%. Eagers Automotive is a leading provider of automotive products and services in Australia. The company operates a network of over 60 dealerships across Australia, New Zealand, and the United Kingdom. Eagers Automotive offers a wide range of vehicles, including passenger cars, SUVs, and light commercial vehicles. The company also provides finance, insurance, and aftermarket products and services.

Summary

CarMax Inc. (CAR) shares had a mixed day on Tuesday as the stock market finished higher. Despite outperforming its competitors, CAR shares only gained 2.53% to close at $85.81. As CAR continues to show signs of bullishness, investors may want to consider adding CAR to their portfolios.