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Carmax Inc   (KMX)
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    Sector  Retail    Industry Automotive Aftermarket
   Industry Automotive Aftermarket
   Sector  Retail
 

Carmax Inc's Suppliers Performance

KMX's Supply Chain

 
KMX Costs vs Sales of Suppliers Growth Revenues of Carmax Inc's Suppliers, deteriorated by -0.01 % compared to the same quarter a year ago, sequentially sales grew by 0.35 %, Carmax Inc's cost of sales deteriorated by -1.39 % year on year, relative to one quarter ago cost of sales fell by -8.95 % in Q1.

More on KMX Suppliers




Carmax Inc's Suppliers realized a deteriorated in sales by -0.01 % compared to the same quarter a year ago, sequentially sales grew by 0.35 %, Carmax Inc's cost of sales deteriorated by -1.39 % year on year, compare to one quarter ago cost of sales fell by -8.95 % in Q1.

More on KMX Suppliers



  News about Carmax Inc Contracts



Carmax Inc's Comment on Supply Chain


We acquire used vehicle inventory directly from consumers through our appraisal process, as well as through other sources, including local, regional and online auctions, wholesalers, franchised and independent dealers and fleet owners, such as leasing companies and rental companies. The supply of late-model used vehicles is influenced by a variety of factors, including the total number of vehicles in operation; the rate of new vehicle sales, which in turn generate used-car trade-ins; and the number of used vehicles sold or remarketed through retail channels, wholesale transactions and at automotive auctions.

Our used vehicle inventory acquired directly from consumers through our appraisal process helps provide an inventory of makes and models that reflects the consumer preferences in each market. We have replaced the traditional “trade-in” transaction with a process in which a CarMax-trained buyer appraises a customer’s vehicle and provides the owner with a written, guaranteed offer that is good for seven days. An appraisal is available to every customer free of charge, whether or not the customer purchases a vehicle from us. Based on their age, mileage or condition, fewer than half of the vehicles acquired through this in-store appraisal process meet our high-quality retail standards. Those vehicles that do not meet our retail standards are sold to licensed dealers through our on-site wholesale auctions.

The inventory purchasing function is primarily performed at the store level and is the responsibility of the buyers, who handle both on-site appraisals and off-site auction purchases. Our buyers evaluate all used vehicles based on internal and external auction data and market sales, as well as estimated reconditioning costs and, for off-site purchases, transportation costs. Our buyers, in collaboration with our home office staff, utilize the extensive inventory and sales trend data available through the CarMax information system to decide which inventory to purchase at off-site auctions. Our inventory and pricing models help the buyers tailor inventories to the buying preferences at each superstore, recommend pricing adjustments and optimize inventory turnover to help maintain gross profit per unit.

Based on consumer acceptance of the in-store appraisal process, our experience and success in acquiring vehicles from auctions and other sources, and the large size of the U.S. auction market relative to our needs, we believe that sources of used vehicles will continue to be sufficient to meet our current and future needs.

Suppliers for New Vehicles. 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.


Carmax Inc's Comment on Supply Chain


We acquire used vehicle inventory directly from consumers through our appraisal process, as well as through other sources, including local, regional and online auctions, wholesalers, franchised and independent dealers and fleet owners, such as leasing companies and rental companies. The supply of late-model used vehicles is influenced by a variety of factors, including the total number of vehicles in operation; the rate of new vehicle sales, which in turn generate used-car trade-ins; and the number of used vehicles sold or remarketed through retail channels, wholesale transactions and at automotive auctions.

Our used vehicle inventory acquired directly from consumers through our appraisal process helps provide an inventory of makes and models that reflects the consumer preferences in each market. We have replaced the traditional “trade-in” transaction with a process in which a CarMax-trained buyer appraises a customer’s vehicle and provides the owner with a written, guaranteed offer that is good for seven days. An appraisal is available to every customer free of charge, whether or not the customer purchases a vehicle from us. Based on their age, mileage or condition, fewer than half of the vehicles acquired through this in-store appraisal process meet our high-quality retail standards. Those vehicles that do not meet our retail standards are sold to licensed dealers through our on-site wholesale auctions.

The inventory purchasing function is primarily performed at the store level and is the responsibility of the buyers, who handle both on-site appraisals and off-site auction purchases. Our buyers evaluate all used vehicles based on internal and external auction data and market sales, as well as estimated reconditioning costs and, for off-site purchases, transportation costs. Our buyers, in collaboration with our home office staff, utilize the extensive inventory and sales trend data available through the CarMax information system to decide which inventory to purchase at off-site auctions. Our inventory and pricing models help the buyers tailor inventories to the buying preferences at each superstore, recommend pricing adjustments and optimize inventory turnover to help maintain gross profit per unit.

Based on consumer acceptance of the in-store appraisal process, our experience and success in acquiring vehicles from auctions and other sources, and the large size of the U.S. auction market relative to our needs, we believe that sources of used vehicles will continue to be sufficient to meet our current and future needs.

Suppliers for New Vehicles. 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.



KMX's Suppliers Net profit fell by KMX's Suppliers Net margin fell in Q1 to
-8.66 % 13.14 %


Carmax Inc 's Suppliers Sales Growth in Q1 2024 by Industry

Suppliers from Miscellaneous Manufacturing Industry      0.49 %
Suppliers from Auto & Truck Parts Industry      0.3 %
Suppliers from Railroads Industry -0.67 %   
     
• KMX Suppliers Valuation • KMX Suppliers Mgmt. Effect.





KMX's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Carmax Inc 10,770.98 26,536.04 479.20 32,647
Cts Corporation 1,379.24 568.01 60.15 322
Commercial Vehicle Group Inc 213.44 993.72 49.41 6,700
Dana Inc 1,800.62 10,555.00 48.00 22,600
Genuine Parts Co 22,804.56 23,197.05 1,253.06 52,000
Johnson Controls International Plc 43,955.20 26,273.00 1,994.00 102,000
Modine Manufacturing Co 4,602.86 2,478.70 177.90 7,100
Enpro Inc 3,142.46 1,058.80 18.30 5,000
Stoneridge Inc 424.88 977.48 -7.98 4,100
Visteon Corporation 3,078.48 3,954.00 505.00 25,500
Automatic Data Processing Inc 101,602.88 18,586.00 3,557.70 60,000
American National Bankshares Inc 487.03 102.42 26.16 303
Aptiv Plc 19,626.65 20,051.00 2,966.00 155,000
Arrow Financial Corporation 390.81 130.57 67.60 511
American Axle and Manufacturing Holdings Inc 836.52 6,079.30 -33.60 13,050
Bank Of America Corporation 304,608.50 98,581.00 26,515.00 208,000
Leet Technology Inc 38.60 0.32 -1.38 3
Bankfinancial Corp 125.78 56.84 10.75 230
Bok Financial Corp 5,907.03 2,016.13 531.13 4,789
Popular Inc 6,120.88 2,573.64 539.93 7,810
Brookline Bancorp inc 826.75 333.44 75.00 675
Brown and Brown Inc 23,406.05 4,132.40 747.00 12,023
Citigroup inc 139,219.46 78,462.00 9,381.00 223,400
Credit Acceptance Corp 6,754.77 1,901.90 286.10 1,425
Commerce Bancshares Inc 7,197.84 1,535.72 485.18 4,391
Citizens Financial Group Inc 16,458.16 7,537.00 1,491.00 17,463
Cullen 7,360.04 1,941.04 597.97 4,211
Cnh Industrial N v 15,492.33 24,687.00 2,383.00 69,207
Cooper standard Holdings Inc 269.14 2,815.78 -203.32 29,000
Csx Corporation 67,924.44 14,632.00 3,621.00 20,900
Cyngn Inc 4.57 1.71 -23.00 3,570
Embassy Bancorp Inc 101.85 41.85 12.66 76
Equity Bancshares Inc 507.68 193.67 47.73 297
East West Bancorp inc 10,571.11 2,482.52 1,161.16 2,833
Ford Motor Co 51,842.00 176,191.00 4,329.00 183,000
First Citizens Bancshares Inc 23,595.25 18,787.00 11,466.00 5,734
Fidelity D and D Bancorp Inc 262.59 72.13 18.21 164
First Financial Bankshares Inc 4,307.12 490.18 211.67 1,270
First Interstate Bancsystem Inc 2,711.02 993.60 257.50 1,742
F and m Bank Corp 53.79 40.79 2.77 168
Fnb Corp 4,857.39 1,499.00 485.00 2,747
Fncb Bancorp Inc 108.39 52.66 12.98 269
Franklin Financial Services Corporation 133.79 65.76 13.60 250
Fulton Financial Corp 2,518.16 1,021.14 290.56 3,460
First National Corp 93.98 49.05 9.62 187
Glacier Bancorp Inc 4,180.16 794.97 222.93 2,245
General Motors Company 59,159.92 171,842.00 9,840.00 157,000
Gentex Corporation 7,974.35 2,298.63 428.40 4,757
The Goodyear Tire and Rubber Company 3,388.65 20,324.00 -496.00 67,000
Hills Bancorporation 605.19 131.99 43.31 391
Honda Motor Co Ltd 58,607.42 114,450.18 4,855.54 215,638
Harley davidson Inc 5,657.04 5,836.48 695.05 5,900
Hilltop Holdings Inc 1,968.44 1,177.43 117.98 5,300
First Internet Bancorp 284.14 84.38 8.42 152
Independent Bank Corp 2,244.34 707.88 239.50 1,051
Orix Corporation 122,637.91 18,580.22 1,948.82 33,333
Juniata Valley Financial Corp 58.00 27.51 6.60 105
Kandi Technologies Group Inc 203.09 133.65 -4.17 557
National Bank Holdings Corp 1,297.14 417.57 142.05 956
Nicholas Financial Inc 46.53 33.37 -38.10 333
Newell Brands Inc 2,864.60 8,133.00 -388.00 32,000
New Peoples Bankshares Inc 59.24 38.13 7.89 4,000
Ofg Bancorp 1,695.26 628.61 181.87 1,466
Omnitek Engineering Corp 0.34 1.06 -0.22 11
Prosperity Bancshares Inc 5,788.06 1,111.47 461.72 3,037
Paccar Inc 59,138.27 32,358.10 3,653.10 28,500
Polaris Inc 5,091.50 8,822.10 511.60 8,100
Prime Meridian Holding Co 70.22 29.79 8.71 56
Park National Corporation 2,175.44 462.84 126.73 1,793
Renasant Corp 1,696.01 616.81 144.68 1,996
Simmons First National Corp 2,345.51 763.66 375.66 1,946
Shyft Group Inc 379.85 871.36 6.46 1,800
Smartfinancial Inc 332.63 149.38 28.59 225
Snap on Inc 14,413.89 5,114.60 1,049.90 12,800
Sobr Safe Inc 4.59 0.16 0.00 0
Santander Holdings Usa Inc 0.00 7,508.72 1,085.79 15,150
South State Corp 6,064.07 1,625.43 494.31 2,058
S and t Bancorp Inc 1,191.93 389.14 144.78 1,067
Stellantis N v 76,951.12 212,289.28 20,860.00 400,000
Strattec Security Corp 0.00 492.15 -8.95 3,877
Superior Industries International Inc 94.65 1,477.41 -73.96 3,050
Triumph Financial Inc 1,631.92 406.05 41.08 0
Tesla Inc 495,424.15 96,773.00 14,974.00 99,290
Titan International Inc 728.37 1,820.85 83.71 600
United Bankshares Inc 4,644.19 1,031.46 386.69 1,701
United Community Banks Inc 2,999.24 803.82 180.85 1,883
Umb Financial Corp 4,074.61 1,411.63 379.27 3,830
Union Bankshares Inc 125.73 48.25 24.13 0
Union Pacific Corp 143,127.67 24,119.00 6,379.00 29,905
Uwharrie Capital Corp 53.98 41.56 9.27 156
Voxx International Corporation 160.25 505.13 -36.43 2,060
Valvoline Inc 5,550.84 1,483.50 1,369.70 5,150
Westamerica Bancorporation 1,264.51 324.80 161.77 813
Western Alliance Bancorporation 6,365.78 2,557.00 722.40 1,446
Washington Trust Bancorp Inc 439.90 190.04 48.18 582
Wilson Bank Holding Co 0.00 159.89 50.08 446
Webster Financial Corporation 8,337.27 2,500.86 867.84 2,946
Wesbanco Inc 1,697.11 595.54 176.27 1,633
Wsfs Financial Corporation 2,679.63 931.76 289.96 947
West Bancorporation Inc 281.93 78.40 24.14 174
Wintrust Financial Corp 6,163.88 2,157.58 622.63 0
SUBTOTAL 2,042,144.55 1,315,856.84 148,872.03 2,434,692


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