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Carmax Inc   (KMX)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $79.8300 $-0.91 -1.127%
Day's High: $81.385 Week Perf: -2.66 %
Day's Low: $ 79.62 30 Day Perf: 7.4 %
Volume (M): 1,208 52 Wk High: $ 87.50
Volume (M$): $ 96,451 52 Wk Avg: $73.52
Open: $81.18 52 Wk Low: $55.77



 Market Capitalization (Millions $) 12,677
 Shares Outstanding (Millions) 159
 Employees 32,647
 Revenues (TTM) (Millions $) 26,632
 Net Income (TTM) (Millions $) 498
 Cash Flow (TTM) (Millions $) -60
 Capital Exp. (TTM) (Millions $) 459

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
   KMX is expected to report next financial results on April 12, 2024.


Customers Net Income grew by KMX's Customers Net Profit Margin fell to

10.9 %

8.5 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AN        6.18% 
AZO        1.39% 
ORLY        1.76% 
DORM   -0.5%    
GPC   -0.35%    
MPAA   -10.86%    
• View Complete Report
   



Carmax Inc

Automotive Aftermarket company endures challenging fiscal period with a commendable display of profitability and growth, despite declining revenue

Despite the recent weak revenue for Carmax Inc in the financial period ending November 30, 2023, the company has managed to showcase substantial growth in its earnings per share (EPS) and income per share. This demonstrates the company's ability to generate strong profitability even in the face of declining revenue.
Income per share grew rapidly by an impressive 116.67% to $0.52 per share, indicating that Carmax Inc has been able to effectively manage its expenses and generate higher profitability on a per share basis. This is a remarkable feat considering the overall decline in revenue by -5.494% to $6.15 billion year on year.

Carmax Inc

Headline: Carmax Inc Reports Significant Drop in Revenue During Second Quarter of 20242. Challenging Financial Performance Reveals Declining Income and Profit Margins



Carmax Inc, a prominent player in the automotive aftermarket industry, experienced a challenging second quarter in 2024 as both revenue and income decreased. In this article, we will delve into the financial performance of Carmax Inc and highlight some interesting facts surrounding its earnings, profit margins, inventories, and accounts receivable.
Declining Revenue and Income
The financial results for the second quarter of 2024 indicate a significant decline in both revenue and income for Carmax Inc. Income decreased by approximately 5.06% to $0.75 per share, while revenue dropped by 13.149% year-on-year. Comparing this period to the previous fiscal year, revenue fell from $8.14 billion to $7.07 billion, a decrease of approximately 13.149%. These figures demonstrate that Carmax Inc struggled to maintain its revenue growth.

Carmax Inc

Carmax Inc Reports 7.69% Decline in Profits and 17.447% Drop in Revenue for Fiscal Year ending May 2023


Introduction:
Carmax Inc recently released its financial results for the period ending May 31, 2023, revealing a decline in both revenue and profits. However, there were positive signs within the report that may indicate a potential rebound for the company. Let's delve deeper into these results and explore their potential impact on Carmax Inc's future trajectory.
A Year of Decline:
During the financial interval ending May 31, 2023, Carmax Inc experienced a decrease in profits of -7.69% to $1.44 per share. Similarly, revenue suffered a decline of -17.447% year on year, amounting to $7.69 billion compared to $9.31 billion in the same period a year earlier. These figures indicate a challenging year for the company.






 

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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