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More on CarMax (KMX +2.9%) (previous: I, II): The company delivered a Y/Y increase in profit...

More on CarMax (KMX +2.9%) (previous: I, II): The company delivered a Y/Y increase in profit during Q4 but a larger disturbing trend could be in play with comparable used-car sales falling 6% during the period after Q3 saw a 12% gain. What to watch: Did the delay in tax refunds significantly affect the number of consumers purchasing used vehicles or is a larger shift of buyers preferring to buy new cars instead of used cars playing out?
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