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Carmax Inc   (KMX)
Other Ticker:  
 
    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 



 

What are Carmax Inc's Business Segments?



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.

Wholesale Auctions. Vehicles purchased through our in-store appraisal process that do not meet our retail standards are sold through on-site wholesale auctions. Auction frequency at a given superstore is determined by the number of vehicles to be auctioned, which depends on the number of stores and the market awareness of CarMax and our in-store appraisal offer in that market. The typical wholesale vehicle is approximately 10 years old and has more than 100,000 miles.

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.

   

Carmax Inc Tax Rate Companies within the Automotive Aftermarket Industry


Carmax Inc Segments

 
Used vehicle
   82.45 % of total Revenue
New vehicle
   1.58 % of total Revenue
Wholesale vehicle
   15.49 % of total Revenue
Service department
   0.86 % of total Revenue
Thirdparty finance
   -0.38 % of total Revenue
 

Business Segments (Aug. 30. 2015)
Revenues
(in millions $)
II. Quarter
%
(of total Revenues)
(Aug. 30. 2015)
Income
(in millions $)
II. Quarter
%
(Profit Margin)
Used vehicle
3,150.20 82.45 % 338.90 10.76 %
New vehicle
60.50 1.58 % 1.10 1.82 %
Wholesale vehicle
591.80 15.49 % 101.30 17.12 %
Service department
32.90 0.86 % 0.00 -
Thirdparty finance
-14.60 -0.38 % 0.00 -
Total
3,820.80 100 % 441.30 11.55 %

• Carmax Inc Income Statement • Carmax Inc supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (Aug. 30. 2015)
Y/Y Revenue
%
II. Quarter
Q/Q Revenue
%
(Aug. 30. 2015)
Y/Y Income
%
II. Quarter
Q/Q Income
%
Used vehicle
7.88 % -4.33 % 8.8 % -6.36 %
New vehicle
-13.45 % 0.83 % -47.62 % 37.5 %
Wholesale vehicle
11.6 % 2.64 % 18.2 % -3.43 %
Service department
15.03 % 6.47 % - -
Thirdparty finance
- - - -
Total
8.05 % -3.1 % 10.52 % -5.62 %

• Carmax Inc Growth Comparisons Carmax Inc Profile • Carmax Inc Market Share

To get more information on Carmax Inc's Used vehicle, New vehicle, Wholesale vehicle, Service department, Thirdparty finance, Total segment. Select each division with the arrow.


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