If You Own CarMax Stock, You'll Want to Know These 3 Things Now
If you own shares of CarMax (NYSE: KMX), you'll be glad to know that the stock bolted higher Friday following the release of fiscal first-quarter earnings that trounced analyst estimates, extending a rally underway since late March. As of the latest look, the stock is up 50% from that low, and seemingly still going.
But before celebrating that dubious victory (revenue slipped 17% year over year, while operating earnings tumbled nearly 10%), know that there are more red flags waving for this company. Here are four reasons you might want to take any unrealized profits on CarMax and run.
The used car market has been impressive of late. But consumers have bought used cars in droves largely because new cars simply haven't been available.
Source Fool.com
