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Carmax Inc   (NYSE: KMX)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 
Price: $66.6400 $-1.19 -1.754%
Day's High: $67.18 Week Perf: 1.42 %
Day's Low: $ 66.00 30 Day Perf: -4.2 %
Volume (M): 48 52 Wk High: $ 91.25
Volume (M$): $ 3,155 52 Wk Avg: $76.50
Open: $68.69 52 Wk Low: $61.34



 Market Capitalization (Millions $) 10,392
 Shares Outstanding (Millions) 156
 Employees 24,883
 Revenues (TTM) (Millions $) 26,353
 Net Income (TTM) (Millions $) 501
 Cash Flow (TTM) (Millions $) -290
 Capital Exp. (TTM) (Millions $) 468

Carmax Inc
Company Profile: CarMax Inc.

Overview:
CarMax Inc. is the nations largest retailer of used cars, pioneering the
o-hagglemarketing approach in the used vehicle sector. Established on the principle of delivering a stress-free and transparent car buying experience, CarMax offers a significant selection of high-quality used vehicles at competitive prices, utilizing a straightforward and customer-centric sales process in modern facilities.

Core Offerings:
CarMax provides a wide variety of used vehicles from both domestic and international manufacturers. The inventory includes popular brands such as Chrysler, Ford, General Motors, Honda, Hyundai, Kia, Mazda, Mitsubishi, Nissan, Subaru, Toyota, and Volkswagen. Additionally, luxury brands like Acura, BMW, Infiniti, Lexus, and Mercedes-Benz are featured. The primary focus is on vehicles that are 1 to 6 years old, with fewer than 60,000 miles, ranging in price from approximately $11,000 to $30,000. For budget-conscious consumers, CarMax also offers older vehicles (over 6 years or 60,000 miles) usually priced between $8,000 and $21,000.

Purchase and Sales Process:
CarMax acquires inventory through various channels, including direct appraisals from customers, local and regional auctions, and partnerships with wholesalers, franchise dealers, and fleet owners. All vehicles undergo rigorous reconditioning and inspections to uphold high standards of quality before being offered for sale.

Financing and Services:
In addition to vehicle sales, CarMax provides comprehensive financing options through CarMax Auto Finance (CAF) and third-party financiers. The company also offers extended service plans, guaranteed asset protection, and vehicle accessories. Customers can sell their vehicles directly to CarMax through a simple appraisal process, enhancing the overall customer experience.

Sales Model:
The companys sales model prioritizes transparency and customer empowerment, allowing clients to evaluate individual components of the purchasing process distinctly. CarMax employs a no-haggle pricing structure, which simplifies the buying experience. Sales consultants work on a fixed compensation basis, enabling them to focus on understanding and addressing customer needs effectively.

Market Position and Competition:
As a leader in the automotive retail space, CarMax faces competition from various automobile dealerships'both public and private'as well as private sellers. The competitive landscape is dynamic, influenced by technological advancements, particularly with the growing use of the internet for vehicle marketing and sales, which poses challenges to traditional retail methods.

Locations:
In addition to its extensive used vehicle operations, CarMax operates new car sales at five locations under franchise agreements with manufacturers such as Chrysler, General Motors, Nissan, and Toyota.

Conclusion:
CarMax Inc. continues to revolutionize the used car retailing industry by addressing customer dissatisfaction often associated with traditional car dealerships. By emphasizing a no-haggle pricing model, comprehensive quality checks, and a wide selection of vehicles, CarMax strives to enhance the overall buying experience while maintaining operational efficiency.


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


   

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Announcement

Challenges and Opportunities Steering CarMaxs Future Amid Legal Uncertainty,

Published Fri, May 9 2025 5:46 PM UTC

Navigating the Road Ahead: Investors Eye CarMax s Performance Amid New Legal Investigation CarMax, Inc. (NYSE: KMX), the prominent player in the used car industry, finds itself at a crossroads as it navigates a challenging year while attracting the scrutiny of the esteemed Pomerantz Law Firm. The legal investigation has ignited discussions and concerns among investors, unde...

Announcement

Navigating Uncertainty CarMax Balances Growth Prospects and Investor Concerns

Published Fri, Apr 25 2025 8:06 PM UTC

In recent weeks, CarMax, Inc. (NYSE: KMX) finds itself navigating a landscape of both promising growth opportunities and looming investor concerns. The Pomerantz Law Firm is currently investigating potential claims on behalf of investors, leading many to scrutinize the company?s financial and market positioning. However, amid these legal inquiries, CarMax s recent performanc...

Announcement

CarMax to Host Nationwide Hiring Events for Automotive Technicians on February 20,

Published Thu, Feb 6 2025 3:03 PM UTC

CarMax Hosts Nationwide Hiring Events for Automotive Professionals on February 20 RICHMOND, VA, February 6, 2025 CarMax, Inc. (NYSE: KMX), the nation s largest retailer of used cars, is excited to announce a series of in-person hiring events aimed at bolstering its workforce in the automotive sector. On Thursday, February 20, from 10:00 a.m. to 7:00 p.m. local time, CarM...

Announcement

CarMax Celebrates a Decade of Distinction Ranking 6th on Fortune?s Best Workplaces in Retail,

Published Wed, Sep 25 2024 6:00 PM UTC

CarMax: A Testament to Workplace Excellence, Again! In a world where employee satisfaction is paramount and workplace culture is increasingly scrutinized, CarMax Inc. has once again proven to be a shining beacon of what it means to be a great place to work. The Richmond, Virginia-based used car retailer has earned a coveted spot on Fortune magazine s 2024 Best Workplaces in ...

Announcement

A Harmonious Ascendancy CarMax and the Flying Squirrels Embark on a New Frontier with CarMax Park,

Published Wed, Sep 4 2024 4:15 PM UTC

An Exalted Union in Richmond: CarMax and the Flying Squirrels Herald a New Epoch with CarMax Park In the thriving and industrious city of Richmond, a momentous occasion is upon us as the Richmond Flying Squirrels, in a jubilant alliance with CarMax, have declared the advent of a novel ballpark and entertainment venue, destined to be known henceforth as CarMax Park. The vener...







Carmax Inc's Segments
Used vehicle sales    78.56 % of total Revenue
Wholesale vehicle sales    18.78 % of total Revenue
Extended protection plan revenues    1.7 % of total Revenue
Third-party finance income fees net    0.02 % of total Revenue
Advertising subscription revenues    0.58 % of total Revenue
Service revenues    0.33 % of total Revenue
Other    0.05 % of total Revenue
Total other sales and revenues    2.67 % of total Revenue





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