I think I would like a combination of the attached Melton Motorsports logo and the Alex Thomas logo. I like the motorsports, flashy look of Melton and the more professional, business appearance of the Alex Thomas logo. I like the shiny/reflective colors of the letters in Melton and Rive. The Melton font is about right but without the notches...all caps I think. 
I have attached the JR Motorsports and Michael Waltrip logos to show the more modern trend in motorsports logos. The logo above the Michael Watrip logo is actually meant to simulate a &quot;W&quot; for Waltrip. I am not opposed to considering the initials CM in some sort of stylistic way included in the logo...maybe behind the wording....? We could look at incorporating a checkered flag somehow but in a modern sort of way as the checkered flag is somewhat old school when it comes to motorsports logos. 
I will need it reversible....a file with a black background, and one with a white background (colors reverse?). Also, it will need to be a logo that can be embroidered. 
I added the Fusion logo as it has a modern design. 
I added the Rive logo to show some colors (brightness) that I like. 
I added the Bobby Runyan logo to show the brighter colors we might try as well as it has a modern, progressive styling we might want to try use as an example with our CM initials....just curious how something similar to this would look.

Excellent designer.  Very responsive to changes and design variations!

Cefalia Motorsports