Mounting Risks in Used Car Financing Will Hit CarMax

Changing consumer habits have hit the used car industry hard. Inventory turnover has slowed along with easy financing. Management has had to take extreme measures in response to a collapse in retail sales. With the increase in customer loan defaults and increased competition from auto manufacturers as a result of a lower customer base, CarMax’s stock price will start feeling the pressure.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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