Subject: Re: Cost-plus model: COST, IBKR, KMX - any others?
I get the impression that Carmax do not pursue such a strategy. Do they claim to?


No, not as far as I know. But I say that that is their strategy because they seem to have a constant $2000 pre-tax margin on every vehicle, no matter where car prices go. They also have a fixed-price, no-haggle policy that means that the price that they set is pretty much the price the car gets sold at. And so I hypothesize that this is their undeclared strategy, and has allowed them to consistently gradually increase their market share. I could be wrong.