Stocks on Our Radar: CarMax
CarMax delivered record first-quarter results today, sending its stock up more than 16%. Management attributes the success to sticking to its plan of controlling costs and providing an excellent experience for car shoppers.
Store traffic increased, driving the higher sales across the board: Wholesale unit sales, used vehicle sales, new vehicle sales, and CarMax's financing arm all expanded over the quarter. Stock Advisor analyst Sara Hov and Rule Breakers analyst Simon Erickson talk about how the company is executing on its strategy and what the outlook is for the company -- and for investors.
Warren Buffett's worst auto-nightmare (Hint: It's not Tesla)
A major technological shift is happening in the automotive industry. Most people are skeptical about its impact. Warren Buffett isn't one of them. He recently called it a "real threat" to one of his favorite businesses. An executive at Ford called the technology "fantastic." The beauty for investors is that there is an easy way to invest in this megatrend. Click here to access our exclusive report on this stock.
The article Stocks on Our Radar: CarMax originally appeared on Fool.com.Sara Hov and Simon Erickson have no position in any stocks mentioned. The Motley Fool recommends and owns shares of CarMax and Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.