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Non-Tech : CarMax (KMX) - a recent IPO of a Circuit City unit
KMX 41.91+0.1%Oct 31 9:30 AM EST
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To: Hayward F. Taylor, IV who wrote (42)2/17/1998 9:18:00 AM
From: Wesson72  Read Replies (2) of 67
 
KMX Questions:

Are there any other "used car" super stores with multiple locations?

Any other publicly traded used car dealers?

Any thoughts on the low P/S ratio of 0.28?

I'm just beginning to look at the stock. I have already decided that I like the stores and the marketing strategy. It seems that most people that shop for used cars a primarily concerned with (1.) the negotiation process and (2.) the dubious quality of the vehicle. Both concerns have been addressed by CarMax.

Greg
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