CarMax to Add 1200 Employees in US - Analyst Blog


CarMax Inc. ( KMX ) announced that it will recruit 1200 workers in the U.S. for positions in sales, service, purchasing and business office. The company is offering both full and part-time permanent positions, together with day and evening shifts.

CarMax has recognized sales growth opportunities in areas like Albuquerque, NM, Hartford, CT, Baton Rouge, LA and places in the Washington, D.C. and Baltimore, MD area. The appointed individuals will likely be positioned in these areas to help the company capitalize on the growth opportunities.

CarMax is a developing company and keeps hiring people to support business growth. In Sep 2013, the company hired 1,000 workers for service operations (specifically detailers, experienced technicians), sales, purchasing and the business office. The new employees in the services sector were mainly be posted in Baton Rouge, Columbia, SC, Charlotte, NC, Nashville, TN, Lancaster, PA and several areas in Texas.

Currently CarMax has an employee base of 18,000. The company posted earnings per share of 47 cents in the third quarter of fiscal 2014 ended Nov 30, 2013, up 14.6% from 41 cents a year ago. Reported earnings missed the Zacks Consensus Estimate by a penny.

Net sales and operating revenues in the quarter rose 13% to $2.9 billion, missing the Zacks Consensus Estimate of $3.1 billion. The year-over-year improvement in revenues was mainly due to improvement in used vehicle and new vehicle sales.

CarMax currently holds a Zacks Rank #2 (Buy). Other stocks worth considering in the automobile industry are Advance Auto Parts Inc. ( AAP ), AutoZone, Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ). Advance Auto sports a Zacks Rank #1 (Strong Buy), while AutoZone and O'Reilly carry a Zacks Rank #2.

ADVANCE AUTO PT (AAP): Free Stock Analysis Report

AUTOZONE INC (AZO): Free Stock Analysis Report

CARMAX GP (CC) (KMX): Free Stock Analysis Report

O REILLY AUTO (ORLY): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: AAP , AZO , KMX , ORLY

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