Subject: Re: KMX
Down 6% today.
Down 11% last month
Down 55% 1 yr
Heading back towards recent low (55)
20-50% below 5 year average P/E and P/S
Carvana on its way to bankruptcy but Carmax not going away anytime soon
Have we reached peak bearishness?

Congratulations - you are the first Shrewd in Shrewdom to post a message that actually relates to investing, as the others were so stunned to see this platform appear just half a day ago.

I want to respond, alas I have so many Shrewdish technical requests!

So please someone respond to this: provide insights as to whether the quote for Carmax has fallen even more out of line with intrinsic value, or there are genuine changes to revise intrinsic value lower. This is exactly the subject of Falling Knives - investors becoming fearful and allowing an irrational price to get even more irrational for a while.

- Manlobbi