The ten biggest companies in automotive retailing, services industry entrepreneur.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from entrepreneur.com Daily Mail and Mail on Sunday newspapers.
Multibagger Investor Chuck Akre’s Top 10 Stock Holdings
Akre Capital Management’s investment approach to choosing the potential pick is based on a “three-legged stool”:
1. Strong business with a sustainable competitive advantage;
2. Exceptional management team;
3. Pattern of disciplined reinvestment.
These three factors qualify companies to be among Akre’s investment opportunities, and he refers to those companies as “compounding machines”. Chuck differs from other asset managers in at least two important ways:
First, when he buys a security, he does not look on the exit point; He looks to compound the capital invested over a long term horizon.
Second, Chuck benefits from the opportunity created in Wall Street through what he calls: “beat by a penny, miss by a penny” syndrome. With a time frame ranged between five to ten years, he grab the opportunities created through quarterly “misses”.
11:44 pm
CarMax Inc with ticker code (KMX) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 180 and 73 with a mean TP of 115.54. With the stocks previous close at 94.87 this indicates there is a potential upside of 21.8%. The 50 day MA is 93.27 and the 200 day moving average is 96.08. The company has a market cap of $15,472m. Visit the company website at: http://www.carmax.com
CarMax, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale. The company also provides reconditioning and vehicle re