) 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
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.
O'Reilly Automotive Inc.
). 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
AUTOZONE INC (AZO): Free Stock Analysis
CARMAX GP (CC) (KMX): Free Stock Analysis
O REILLY AUTO (ORLY): Free Stock Analysis
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