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CarMax Puts?

 Here is the number. Call in to listen to their just released quarterly report. You won't have to talk to anyone. It is 800-839-1247. In about five days this link will disappear. Please listen to it. I listened to all of it once and to the first half of it two times. What I learned is that their retail car sales on the quarter compared to the same quarter a year were up 6%. They purchased 336.000 vehicles from the public, up 7% and 48.000 from dealers up 38%. Their average retail sale price was $26,100, down $400.00 per vehicle from last year. They doubled their share buy back program. AI technologies are now helping them operate more efficiently. Everything seems positive. But wait, we are talking about  the used car business and what could happen if consumer confidence suddenly starts to wain? Look at it's three year chart. It now sees to be hitting a rough patch.  Now a one month chart.  All of this talk about tariffs and what level of tariffs will be imposed on n...
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Barron's and Their Comments on the Auto Stocks

1) Telsa. What they are saying is to wait and see if it drops down to $100.00 then buy it. The stock is volatile. U.S. sales of all-electric vehicles grew 45% year over year. Sales of gasoline-powered cars were roughly flat from the fourth to the first quarter, while EV sales climbed roughly 15%. Telsa is still the king of the EV future. 2) G.M. and Ford? Maybe, they say these two stocks should be considered as technology stocks and maybe they warrant higher price/earning ratios. For a decade, their stocks have traded, on average at about seven times estimated next years earnings, while the S&P 500 Index has fetched 18 times. Todays cars require a huge amount of software. G.M. has the Cruise which operates a fleet of self-driving taxis in San Franciso and will apply this driver-assistance system to it's new 2024 Cadillac Celestiq, an ultra-luxury sedan with a likely base price of $300,000. It looks like the big players will survive. All eyes are on Telsa which swings up and down. 3) How is the industry in general doing? Read this.
Will the smaller EV players survive? Will investors continue to have an appetite to support other new upstart electric vehicle players? So many are life support. Here are three other interesting companies in this space to watch.
Now Fisker. Their product offerings look promising and they continue to win design awards.
Can investors make money playing in this space? Well none of these lower tiered companies are making money yet.
But wait. We are still in the first inning. It's all going to be an amazing story to watch going forward. Now wait again. Here is a new story. Fisker jumped 10% in the first 90 minutes of trading this morning and the Calls jumped. Yes there are exciting things happening.
Did you notice the percentage increases in just ninety minutes. I missed it. I was to busy writing this blog!

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