CarMax (NYSE: KMX) has headwinds in 2204 but is navigating difficult times well, selling more cars than expected and sustaining a solid margin. The company isn’t thriving but is growing and building leverage for when economic headwinds ease.
Between then and now, the company can execute its plans while buying back shares, and the buybacks are significant. Activity in Q3 topped $114 million and reduced the share count by 2.2% year-over-year (YoY).
