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Carmax Inc   (KMX)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $80.9300 $1.22 1.531%
Day's High: $81.69 Week Perf: 10.86 %
Day's Low: $ 77.70 30 Day Perf: 17.49 %
Volume (M): 2,108 52 Wk High: $ 88.22
Volume (M$): $ 170,568 52 Wk Avg: $73.81
Open: $78.50 52 Wk Low: $59.66



 Market Capitalization (Millions $) 12,763
 Shares Outstanding (Millions) 158
 Employees 32,647
 Revenues (TTM) (Millions $) 25,962
 Net Income (TTM) (Millions $) 403
 Cash Flow (TTM) (Millions $) -21
 Capital Exp. (TTM) (Millions $) 433

Carmax Inc

We are the nation’s largest retailer of used cars and the first used vehicle retailer to offer a large selection of high quality used vehicles at competitively low, “no-haggle” prices using a customer-friendly sales process in an attractive, modern sales facility. The CarMax consumer offer provides customers the opportunity to shop for vehicles the same way they shop for items at other “big-box” retailers, and it is structured around four customer benefits: low, no-haggle prices; a broad selection; high quality vehicles; and a customer-friendly sales process.

Our strategy is to revolutionize the auto retailing market by addressing the major sources of customer dissatisfaction with traditional auto retailers and to maximize operating efficiencies through the use of standardized operating procedures and store formats enhanced by sophisticated, proprietary management information systems.

We purchase, recondition and sell used vehicles. All of the used vehicles we retail are thoroughly reconditioned to meet our high standards, and each vehicle must pass a comprehensive inspection before being offered for sale. We acquire used vehicle inventory directly from consumers through our in-store appraisal process and through other sources, including local, regional and online auctions, wholesalers, franchised and independent dealers and fleet owners, such as leasing companies and rental companies.

Our new car operations are governed by the terms of the sales, service and dealer agreements. Among other things, these agreements generally impose operating requirements and restrictions, including inventory levels, working capital, monthly financial reporting, signage and cooperation with marketing strategies. A manufacturer may terminate a dealer agreement under certain circumstances.

We offer customers a broad selection of makes and models of used vehicles, including both domestic and imported vehicles, at competitive prices. Our used car selection covers popular brands from manufacturers such as Chrysler, Ford, General Motors, Honda, Hyundai, Kia, Mazda, Mitsubishi, Nissan, Subaru, Toyota and Volkswagen and luxury brands such as Acura, BMW, Infiniti, Lexus and Mercedes. Our primary focus is vehicles that are 1 to 6 years old, have fewer than 60,000 miles and generally range in price from $11,000 to $30,000. For the more cost-conscious consumer, we also offer used cars that are more than 6 years old or have 60,000 miles or more and that generally range in price from $8,000 to $21,000.

We also sell new vehicles at five locations under franchise agreements with four new car manufacturers (Chrysler, General Motors, Nissan and Toyota)


We provide customers with a full range of related products and services, including the financing of vehicle purchases through CarMax Auto Finance (“CAF”), our own finance operation, and third-party financing providers; the sale of extended service plans, guaranteed asset protection and accessories; the appraisal and purchase of vehicles directly from consumers; and vehicle repair service.

The CarMax consumer offer enables customers to evaluate separately each component of the sales process and to make informed decisions based on comprehensive information about the options, terms and associated prices of each component. The customer can accept or decline any individual element of the offer without affecting the price or terms of any other component of the offer. Our no-haggle pricing and our commission structure, which is generally based on a fixed dollars-per-unit standard, allow sales consultants to focus solely on meeting customer needs.

CarMax provides financing to qualified customers through CAF and a number of third-party financing providers. In the event that one or more of these third-party providers could no longer, or choose not to, provide financing to our customers, could only provide financing to a reduced segment of our customers or could no longer provide financing at competitive rates of interest, it could have a material impact on our business, sales and results of operations. Additionally, if we were unable to replace current third-party financing providers upon the occurrence of one or more of the foregoing events, it could also have a material impact on our business, sales and results of operations.

Competition. Automotive retailing is a highly competitive business. Our competition includes publicly and privately owned new and used car dealers, as well as millions of private individuals. Competitors sell the same or similar makes of vehicles that we offer in the same or similar markets at competitive prices. Further, new entrants to the market could result in increased acquisition costs for used vehicles and lower-than-expected vehicle sales and margins. Competition could be affected by the increasing use of the Internet to market and potentially sell used vehicles and obtain vehicle financing. The increasing use of the Internet in the automotive retailing business could reduce our sales and adversely affect our results of operations. In addition, CAF is subject to competition from various financial institutions



   Company Address: 12800 Tuckahoe Creek Parkway Richmond, 23238 VA
   Company Phone Number: 747-0422   Stock Exchange / Ticker: NYSE KMX
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Stocks on the Move

CarMax Inc Shares outshine Competitors despite Market Volatility

Published Sat, Jul 13 2024 1:58 PM UTC

CarMax Inc, a leading used car seller, has caught the attention of investors and market analysts this week with its consistent performance, outperforming both the market and its competitors. Despite facing challenges and external factors affecting the industry, CarMax has managed to maintain a positive trajectory. This article will delve into the recent events surrounding Ca...

Stocks on the Move

Carmax Inc Faces Share Sell-Off Amid Market Underperformance

Published Thu, Jul 11 2024 4:10 AM UTC

In the past few weeks, Carmax Inc shares have lagged behind the overall market performance. Year to date, the company has struggled to match the market's strong growth of 18.79%. To understand the reasons behind this underperformance, we delve into several significant events and news articles related to Carmax Inc.On July 10, news emerged that CarMax had launched new feature...

Stocks on the Move

Carmax Inc Shares Experience Sell-Off Amidst Mixed Performance and Industry Challenges

Published Wed, Jul 3 2024 11:28 AM UTC

Carmax Inc (NYSE: KMX), a renowned used-vehicle retailer, witnessed a recent sell-off in its shares, reflecting a lackluster year-to-date performance of 15.6% compared to the broader market. This article aims to decode the factors contributing to this sell-off by examining recent events and financial performance. Despite showcasing robust used vehicle sales and a strong omni...

Carmax Inc

CarMax Inc. Faces Significant EPS Decline in First Quarter of 2025

CarMax Inc, the largest used-car retailer in the United States, has experienced fluctuations in its stock price over the past few months. In the past three months, CarMax Inc stock has decreased by -15.17%, indicating a downward trend. However, in the preceding 30 days, the stock has shown some improvement with a 6.04% increase. Currently, CarMax Inc stock is only trading 22.9% above its 52-week low.
The decline in stock price can be attributed to the company's financial performance in the first quarter of 2025. During this period, CarMax Inc saw a decrease in its earnings per share by -32.64% to $0.97 per share. This decline in earnings was primarily caused by a decrease in revenue of -7.463% to $7.11 billion compared to the same period last year. In the prior quarter, CarMax Inc generated a revenue of $5.63 billion and a bottom line of $0.32 per share.

Announcement

CarMax Releases 2024 Responsibility Report, Highlighting Commitment to Sustainability and Positive Societal Impact

Published Mon, May 20 2024 2:00 PM UTC

CarMax, the largest used-car retailer in the United States, has recently published its highly anticipated 2024 Responsibility Report, reaffirming its ongoing commitment to sustainability and its dedication to making a positive impact on society. This comprehensive report outlines CarMax's initiatives, achievements, and future goals in areas related to environmental stewardsh...






 

Carmax Inc's Segments
 
Used vehicle
 Segment     of total Revenue
New vehicle
 Segment     of total Revenue
Wholesale vehicle
 Segment     of total Revenue
Service department
 Segment     of total Revenue
Thirdparty finance
 Segment     of total Revenue
 
• View Complete Report

Carmax Inc's Operating Statistics Decrease / Increase
       
Used vehicle unit sales    Used vehicle unit sales Growth   
New vehicle unit sales   New vehicle unit sales Decline   
Wholesale vehicle unit sales    Wholesale vehicle unit sales Growth   
Total vehicle unit sales    Total vehicle unit sales Growth   
Used vehicles (Average selling price $)   Used vehicles (Average selling price $) Decline   
New vehicles (Average selling price $)   New vehicles (Average selling price $) Decline   
Wholesale vehicles (Average selling price $)    Wholesale vehicles (Average selling price $) Growth   
Used vehicles (Gross profit per Unit $)   Used vehicles (Gross profit per Unit $) Decline   
New vehicles (Gross profit per Unit $)   New vehicles (Gross profit per Unit $) Decline   
Wholesale vehicles (Gross profit per Unit $)   Wholesale vehicles (Gross profit per Unit $) Decline   
Other vehicles (Gross profit per Unit $)   Other vehicles (Gross profit per Unit $) Decline   
Total vehicles (Gross profit per Unit $)   Total vehicles (Gross profit per Unit $) Decline   




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