(Reuters) - CarMax's parking lots are much emptier than the company, the nation's largest used car dealer, would like.
As a result, CarMax has had to pay more for used cars.
But now, with sales of new autos expected to rise 40 percent, that is about to change and new inventory will roll in just in time for the impending car buying spree, Barron's says. The average passenger car is 11.1 years old and ready for replacement.
Barron's says, as a result, the stock could gain another 20 percent in the year ahead. Carmax shares closed 4.2 percent higher on Friday at $32.55.
(Reporting By Michelle Conlin; Editing by Theodore d'Afflisio)