Sunday, November 5, 2017

GOP tax plan : Stocks to possibly buy?

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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