What do you think about CarMax (KMX)?

vanzandt said:
You might want to take a look at Lear Corp... LEA.... for a short at 171 here.
Auto parts. Its all hype.
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Thanks. I will check them. I have to get cash for any trade that I do. If I believe it will go up, I sell naked put and if I believe I will go down, I sell naked calls and some more sophisticated option strategies.
 
vanzandt said:
You might want to take a look at Lear Corp... LEA.... for a short at 171 here.
Auto parts. Its all hype.
More...
Put an order to sell Call 175 and buy 165 PUT on LEA for October for credit. It has not gone through yet
 
hajimow said:
Carmax reported its earning and it was up 17%. I believe it is a seasonal thing and the sales might inch up a little because of the hurricanes but I guess it is a good idea the fade this rally but you have to be patient. It is not that they have a niche technology or an approved drug. That is my belief and I want to hear from you. Now it is traded at 73.5 up 6.7%
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Downgraded by Goldman this A.M.
Its down $.84 pre-market. $73.35
As these things go, its probably a good long today.
See what happens.
 
Most of the today's drop is because of the market but I want to be fair on KMX, it is not really worth even $60. I am evaluating it comparatively. Their loan business is also risky. Their car loan default rate was increased by 10% in last quarter. This will be my last post on this thread since I have a position now and I feel I am biased now and maybe my posts might not be rational. It is up to you guys to evaluate it and go either long or short or stay away.
 
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