Eräs suuri Jenkkitalo julkaisi juuri päivitetyt estimaatit Carmaxille. Odottaa Q1 2021 (Helmikuu - Toukokuu 2020) liikevaihdon putoavan noin 59% ja -2.6% liikevoittomarginaalia. Normaali marginaali Carmaxilla noin 6-6.5% hujakoilla.
Kuuntelin Carmaxin conference callin eilen ja johto totesi muun muassa seuraavaa (pahoittelut, paljon tekstiä :)):
-“Over the past few weeks, approximately half of our stores have closed or are running under limited operations and consumer demand has progressively deteriorated.”
-“Advancements in technology have enabled us to quickly move sales to an online platform and we will be moving all sales online in the coming weeks. For both our retail and wholesale GPUs, we anticipate pressure for a period of time as we look to right-size our inventory levels in light of the current environment.”
-“At this time, we are unable to fully quantify the size of the impact as it largely depends on the duration of store closures, which is constantly changing, consumer demand, and how large the changes are and the underlying valuations.”
“…Accordingly, we have already begun taking measures to preserve cash with specific steps that will best position us to emerge in strong financial health. Over the past few weeks, we have been reducing inventory levels, pausing on most capital expenditures and aligning operating expenses to the state of the business.”
"…As far as adding a little bit more color on the sales, all of the open stores are substantially off on sales year-over-year, over the last 2 weeks. Most of the stores that had been open during that time, so for the last 2 weeks are selling 50% or less than 50% of what they sold last year. "
-“As far as the omni focus and kind of consumer demand, everyday I’m in touch with the stores and everyday I hear stories about who’s coming into the stores right now. And so the folks that are coming into the stores and buying cars today are the ones that absolutely have to have cars.
Just to bring it to life a little bit, you have medical providers that need to make sure that they can get to work. We’ve seen customers come in who have lost their jobs and need to downsize their car. And so they’re selling a car and then downsizing the car or they’re just selling their car to get cash. You see customers that have relied on ride-sharing that no longer feel comfortable there and they want to buy a vehicle. So the consumers that are in there today are ones that need a vehicle a vehicle.”
Ainakin itsellä kuluu huomattavasti vähemmän rahaa nyt kun mitään ei voi tehdä ja mihinkään mennä.