10:09 am CarMax (KMX)
CarMax (KMX) is jumping 9% today after reporting strong 3Q15 (Nov) earnings results this morning. You're probably familiar with CarMax, but some of the details may be new to you. For starters, you may not know that CarMax is the nation's largest retailer of used vehicles. It currently operates 143 used car stores in 72 markets. The main thing to know about CarMax is that they have a no-haggle price policy. A price is posted on each vehicle and that's what you pay. You can try negotiating but it won't get you anywhere.
This no-haggle pricing approach is …More