| Back in September, I looked at shares of used-car seller Carvana Co. (NYSE: CVNA). This once red-hot stock had been beaten up. From their peak, Carvana shares had dropped a staggering 91%! Many investors were wondering whether the market had overcorrected and that perhaps Carvana stock had become a bargain... My opinion at the time was that it HAD NOT! In fact, I called this used-car stock a lemon. I did not like that the company was burning through cash and was laden with debt. Debt and no cash flow is a combination that does not mix. Since then, Carvana shares have dropped another 75%. I still see no value here and would recommend staying away. The Value Meter retains its "Extremely Overvalued" rating on Carvana. But if you're still looking for a bargain in the used-car industry, then keep reading. A Used-Car Stock You Can Trust Used-car salesmen don't have the best reputation. But used-car retailer CarMax (NYSE: KMX) is trying to kick that perception to the curb. Originally operating as part of Circuit City, the first CarMax retail location opened in September 1993 in Richmond, Virginia. By 2002, CarMax was a completely independent, publicly traded company. And just look at how the stock has performed since then! A $10,000 investment in CarMax at the time the stock went public is now worth $272,400. A $10,000 investment in the S&P 500 at the same time is worth $49,210. This used-car stock has performed like a high-quality automobile! An impressive performance... But does CarMax have what it takes to fuel your portfolio higher? | 
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