Today’s chart highlights a company that has been able to adapt and thrive…
Regular readers know the COVID-19 pandemic limited in-person shopping, leading to a massive boost in e-commerce. Many brick-and-mortar retailers have shifted their focus as a result. By adding new online stores and services – or improving their existing ones – they can profit from the online-shopping trend. Today’s company is a perfect example…
CarMax (KMX) is the U.S.’s leading used-car retailer. The $25 billion company has more than 220 stores across the nation and sold more than 1 million vehicles last fiscal year. CarMax introduced a flexible online car-buying service in 2020 to offset lower foot traffic to its retail stores… Now, with a combination of online shoppers and folks returning to CarMax’s physical locations, the company is performing better than ever. CarMax posted record revenues of $8 billion in the second quarter, up about 49% year over year.
As you can see in today’s chart, KMX shares are soaring. They’re up nearly 250% from last year’s lows… And they recently hit a fresh all-time high. As the e-commerce trend remains strong, CarMax should continue to benefit…
New research reveals what Elon Musk could be planning in Washington D.C. and how it may impact your money. In short, Elon has much bigger plans than simply "draining the swamp." His next big project could bring about nothing short of a revolution in our economy... It could change the way you file and pay your taxes... collect Social Security... and how you travel. To do it, Elon will likely use the same strategy he’s applied in every other business. See the playbook, here.
Source: Daily Wealth’s Market Notes