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CarMax, Inc. (KMX): A Bull Case Theory

We came across a bullish thesis on CarMax, Inc. on Stock Region Research’s Substack by Stock Region. In this article, we will summarize the bulls’ thesis on KMX. CarMax, Inc.'s share was trading at $66.67 as of June 26th. KMX’s trailing and forward P/E ratios were 18.42 and 17.57, respectively, according to Yahoo Finance.

[caption id="attachment_1237843" align="aligncenter" width="768"] An auto warehouse filled with newly acquired used cars.[/caption]

CarMax delivered a strong first-quarter performance that exceeded expectations and reinvigorated investor confidence. The...