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Carmax, Inc reports its income statement with the following data: 2020 2019 2018 2017 2016 Net Sales and operating revenue $ 20,320.0 $ 18,173.1 $
Carmax, Inc reports its income statement with the following data:
2020 | 2019 | 2018 | 2017 | 2016 | |
Net Sales and operating revenue | $ 20,320.0 | $ 18,173.1 | $ 17,120.2 | $ 15,875.1 | $ 15,875.1 |
Net Earnings | $ 888.4 | $ 842.4 | $ 664.1 | $ 627.0 | $ 623.4 |
Diluted net EPS | $ 5.33 | $ 4.79 | $ 3.60 | $ 3.26 | $ 3.03 |
Project revenues for the next year. Discuss how you came up with your forecast of revenues. Do not simply assume that revenues grow at the same rate as this year unless you discuss reasons why you expect no change in the growth rate of revenues. As part of your answer discuss 1) the firms business model (such as what they sell and how) and 2) at least three factors that may affect revenue growth
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