SOURCE: StockCall


September 29, 2010 09:16 ET

Opinions on CarMax and AutoNation -- The Used Car Sales Winning Formula

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 29, 2010) - offers investors comprehensive research on the auto dealerships industry and has completed analytical research on CarMax Inc. (NYSE: KMX) and AutoNation Inc. (NYSE: AN). Register with us today at to have free access to these researches. 

Recently released sales and earnings figures for the auto dealerships industry show mixed results. Comparative sales figures from the second quarter of 2009 were distorted by the Cash for Clunkers government incentive which had boosted sales. However, when compared to July 2010, August sales have risen for many in the industry. Some companies claim that despite the lack of further government incentive programs, customer traffic for the month and quarter has been high and that the conversion rates are in fact higher than last year. Register now at to have free access to our reports on the auto dealerships industry. is an online platform where investors doing their due-diligence on the auto dealerships industry can have easy and free access to our analyst research and opinions on CarMax Inc. and AutoNation Inc.; all investors need to do is register for a complimentary membership at

Industry giants like used car dealership chain CarMax Inc. and AutoNation Inc. have also managed to increase profits from used car sales by acquiring cars directly from their customers and improving the efficiency of their reconditioning practices. CarMax, which reported its financial results last week, saw profits surge by as much as 5% whilst revenue climbed by 13%. Investors looking for free research on CarMax Inc. and AutoNation Inc. are welcome to sign up at or

Furthermore, the industry is seeing a profitable rise in demand for extended service plans.On the other hand, third-party finance fees have dropped, eating into profits. While the numbers are positive, companies in the industry are still wary. Some are concerned about the sustainability of these sales figures, while unemployment remains high and the economic climate remains shaky.Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

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