moat

“We believe that the negative growth CarMax is experiencing is reflective of a highly competitive used-car market and demonstrates Carvana’s competitive moat.”

Falling prices are rarely good news for sellers—but when they come with millions of new patients and a bigger moat against competitors, the pain is worth it.

As you drive into Falmouth, there's still a moat of dirty looking standing water surrounding the town.

Analysts at Mizuho called the site a “moat” and said “rapid power at scale is possible.”

In normal times investors prefer companies that generate more profit with less capital—with the ideal being a firm with what Warren Buffett calls a “moat” protecting its business from too much competition.