KMX

Headquartered in Virginia, CarMax (KMX) operates a retail store chain and an online platform that sells used motor vehicles. I am bullish on the stock. In the used car business, several major challenges are present in 2022. The first one is high inflation, which makes it more difficult for shoppers to be able to afford a vehicle. Another problem is rising interest rates, as this will increase borrowing costs, which tends to dis-incentivize car purchases. Additionally, the looming threat of a recession is top-of-mind for some shoppers, so they might choose to save their money instead of buying a vehicle now.
https://www.tipranks.com/news/article/carmax-stock-a-promising-vehicle-for-potential-upside?utm_source=advfn.com&utm_medium=referral