In today’s briefing:
- CarMax Inc: Digital Platform Upside, Marketing & New Sponsorships, Other Key Drivers, inancial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- Carnival Corporation: Market Position, Resumption Update & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- FedEx Corporation: Partnership With Boxed, Business Strategy & Key Drivers, inancial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
CarMax Inc: Digital Platform Upside, Marketing & New Sponsorships, Other Key Drivers, inancial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- CarMax had a decent start to the 2023 fiscal and generated total sales of $9.3 billion in the first quarter, up 21% from the previous year’s period.
- Total unit sales in their retail division fell by 11% in the first quarter, and used unit comps dropped by 12.7% from the same period in 2017.
- The same broad macroeconomic factors that contributed to a market-wide decline in used car sales during the quarter drove CarMax’s performance.
Carnival Corporation: Market Position, Resumption Update & Key Drivers, Financial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- Carnival Corporation continued its recovery story from the pandemic and delivered a decent quarterly result by restarting 20 more ships, using 74% of its fleet’s capacity for guest cruise operations throughout the entire period.
- The company currently operates guest cruises with 91% of its fleet’s capacity which is a very positive sign.
- Regarding the ships in operation, occupancy for the second quarter was 69%, a significant improvement over the first quarter’s 54%.
FedEx Corporation: Partnership With Boxed, Business Strategy & Key Drivers, inancial Forecasts, DCF & Comparables Valuation, ESG & Other Risks (07/22)
- FedEx ended the 2022 fiscal year with its highest-ever revenue of $93.5 billion and adjusted operating income of $6.9 billion, both up 11% year over year, in the face of an increasingly difficult global backdrop.
- After a successful turnaround effort, the company has been enjoying the fruits of a successful long-term strategy.
- In this report, we have carried out a fundamental analysis of the historical financial statements of the company.
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