Replies to post #34 on CarMax (KMX)

[uber darthium]

The only thing keeping CarMax and Carvana alive is Allied Financial which at any moment could make either or both insolvent, in my opinion.

Both CM, CV, and AutoNation are sitting on hundreds of thousands of vehicles that a depreciating at an accelerated rate as the manufacturers are putting out huge rebates ($8,000 - $12,000 and some dealers are sending brand new cars to auction because their floorplan financing is up.

I see both CM and CV being crucified in the very near future. I never believed the Carvana financials and do not believe they are accurate, in my opinion