Largest retailer of used vehicles in the US which operates 113 used car superstores in 56 markets providing end to end service to the customers would show a phenomenal growth in the future
Online PR News – 20-November-2012 – New Delhi – New Delhi: 19/11/2012- CarMax, Inc. incorporated in 1993 is one of the leading used vehicles retailers in the US. The company also deals in on-site wholesale auctions and sells new vehicles under franchise agreements. Its offering includes customer financing services through CarMax Auto Finance, as well as through its third-party financing providers. CarMax offers broad range of services in used vehicles market, such as direct and indirect sale of used vehicles, appraisal and purchase of vehicles directly from consumers; the sale of extended service plans ("ESP") and guaranteed asset protection ("GAP") and accessories.
According to the research report “CarMax Inc. “, The company’s total used vehicle revenues increased by 9% in fiscal year 2012 as compared to USD 7.2 billion in the fiscal year 2011. The average wholesale vehicle selling price rose 10%, due to the year-over-year increase in industry wholesale prices. CAF interest and fee income increased USD 4.66 billion primarily due to the growth in average managed receivable.
“The revenue of CarMax Inc. is expected to increase by a CAGR of 7.5% from FY’2012 to FY’2015 because the company had announced that it will develop twelve new Auto superstores till FY’2014”- According to the Research Analyst, Ken Research
The report titled “CarMax Inc.” provides a comprehensive analysis of company on the basis of its three business segments: retailing, financial services and consumer services. The company analysis is provided on the basis of company overview, the recent acquisitions and mergers, the revenue generated from sale of services and company valuation. The report also provides competitive analysis of the company with other companies (AutoNation, Penske Automotive, Advance Auto Parts and Asbury Automotive group, Inc) in the used vehicle retail industry with their respective valuations and trading multiples. The report also provides future projections for the revenue, EBITDA, the net profit after tax and earnings per share. The report provides the reader with a forecasted view of the company based on the future expected movements of some of the exogenous factors affecting the company.
The report focuses on some of the recent major key developments of the company with a focus towards new products and services offered by the company and major acquisitions with their deal value, deal stake and transaction rationale.The report shows the product offering of the company which includes sale of used and new vehicles, wholesale of vehicles and reconditioning services. The report also shows the number of superstores the company has across the US and the superstores which are planned to open in the coming years.The report also provides an annotated view of the stock performance of the company and expert analyst recommendation on the same.
For more information on the company report please refer to the below mentioned link: