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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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Tiaga - Everyone Saw This Coming

We have talked about this stock in a December 29th 2022 blog and in a January 17th 2024 blog. How do you sell electric snowmobiles during a winter of no snow? What do you do when you have $75 million in debt, much of it at very high interest rates? What a mess. Will the Quebec goverment continue to want to pour more money into this one? Probably not. If you have the time do your own research on this one.

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