Amid the tax-reform debate, there’s talk about allowing companies to
immediately write off the cost of new investments. That would be a big
boon to a company like CarMax
KMX, -1.04%
the used-car retailer that
continues to grow at a brisk clip and invests a ton of money in new
locations and new inventory.
CarMax spends a lot of money each year opening new stores that can cover up to 35 acres. As of its annual report in February,
the company tallied 173 stores, up from 158 at the same time a year
earlier for a roughly 10% increase. It spent roughly $420 million in the
last fiscal year to open those locations. - 5 stocks that could win big from the GOP tax plan
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