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CarMax Stock Is Still Racing Ahead

TheMotleyFool

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CarMax Stock Is Still Racing AheadPhoto, wide shot, wide-angle lens, soft focus, Auto parts supplier, sunset photo at golden hour, photo by Thomas Heaton: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-ZpZWLOA2q1Lrbc78ceLTs90l.png?st=2023-05-15T05%3A50%3A02Z&se=2023-05-15T07%3A50%3A02Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-14T21%3A19%3A00Z&ske=2023-05-15T21%3A19%3A00Z&sks=b&skv=2021-08-06&sig=aAZzsKm3Fg0e2CB07XvcACW5j1LlZPrsv8bXoWdHs6k%3D

CarMax (NYSE: KMX) is capitalizing on an unusually positive selling environment for used cars. The automotive retailer just reported strong sales gains, compared to both the comparable 2020 and 2019 period, as consumers eagerly upgraded their wheels.

CarMax also boosted its inventory through is popular trade-in program, leaving it in a great position to fill more demand over the next few quarters. Let's take a closer look.

Image source: Getty Images.

Source Fool.com

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