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Non-Tech : CarMax (KMX) - a recent IPO of a Circuit City unit -- Ignore unavailable to you. Want to Upgrade?


To: Wesson72 who wrote (43)5/15/1998 3:30:00 PM
From: Saturday  Respond to of 67
 
hey...is anyone eyeballing this board??? kmx has been on a definite slide over the past two weeks! do you think we will see 6.5 again.

yes, there are other used car companies with multiple locations

auto nation
credit car america (something like that)
etc, etc. etc.



To: Wesson72 who wrote (43)5/15/1998 3:33:00 PM
From: Saturday  Respond to of 67
 
about 1 year ago, auto nation took a revolver...a 1 billion dollar revolver!!!! since this time, they have found that the used car industry is cut throat...and have been unable to become as profitable as they had hoped.