Argus
•
Jun 25, 2025
CarMax, Inc.: Waiting for a more favorable entry point
Sector(s)
Consumer Cyclical
Summary
CarMax Inc. is primarily a retailer of used vehicles in the U.S. Established in 1993, the company operates 249 used car stores. CarMax has two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Sales Operations segment sells and purchases used vehicles, arranges financing options, and sells related products and services. The CAF provides auto financing to CarMax customers, services the loans it originates, provides billing statements, collects payments, and coordinates the repossession of vehicles as needed. The company also re
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Analyst Profile
William V. Selesky
Senior Analyst: Basic Materials
Bill covers the Basic Materials sector for Argus. He has worked in the investment business for over 15 years, including positions as a senior equity analyst for firms such as Palisade Capital Management, PaineWebber/Mitchell Hutchins Asset Management and John Hsu Capital Group. He has provided coverage on groups including Consumer Staples, Consumer Discretionary, Energy, Media, Transportation, Gaming and Utilities. At PaineWebber, he also served as part of a team that managed $9 billion in active equity products. Prior to working in the investment field, Bill spent eight years as a credit analyst at American Express Company and five years as an analyst at Equifax Services. Bill has a Masters of Business Administration degree in Investment Finance from Pace University, and a Bachelor of Science degree in Economics from Fordham University.
