Carmax Inc 's Suppliers Performance
KMX's Supply Chain
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KMX
Costs vs Sales of Suppliers Growth |
Carmax Inc 's Suppliers recorded increase in sales by 8.74 % year on year in Q1 2022, sequentially sales grew by 42.93 %, Carmax Inc 's cost of sales deteriorated by % year on year, compare to one quarter ago cost of sales fell by -9.3 % in Q1.
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Carmax Inc 's Suppliers recorded increase in sales by 8.74 % year on year in Q1 2022, sequentially sales grew by 42.93 %, Carmax Inc recorded increase in cost of sales by 54.23 % year on year, compare to one quarter ago cost of sales fell by -9.3 % in Q1.
• More on KMX Suppliers
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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 |
-27.73 % |
11.77 % |
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 |
14,809.37 |
31,900.41 |
1,151.30 |
27,050 |
Cts Corporation |
1,263.99 |
532.19 |
-33.62 |
322 |
Commercial Vehicle Group Inc |
212.45 |
970.83 |
19.22 |
6,700 |
Dana Inc |
2,279.03 |
9,162.00 |
152.00 |
22,600 |
DELPHI CORPORATION |
0.00 |
0.00 |
0.00 |
0 |
Federal Mogul Corp |
0.00 |
6,786.00 |
49.00 |
53,700 |
Genuine Parts Co |
18,901.57 |
19,700.43 |
926.92 |
55,000 |
Johnson Controls International Plc |
28,473.50 |
24,693.00 |
1,448.00 |
83,000 |
Modine Manufacturing Co |
440.16 |
1,990.60 |
63.20 |
7,100 |
Enpro Industries Inc |
2,064.34 |
1,191.20 |
176.00 |
5,000 |
Stoneridge inc |
518.14 |
797.73 |
-4.40 |
4,100 |
Visteon Corp |
3,058.00 |
2,845.00 |
54.00 |
25,500 |
Allegiance Bancshares Inc |
801.84 |
240.03 |
82.20 |
305 |
Arctic Cat Inc |
0.00 |
698.31 |
35.88 |
1,670 |
Atlantic Capital Bancshares inc |
661.93 |
118.57 |
48.43 |
361 |
Accuride Corp |
0.00 |
0.00 |
0.00 |
2,290 |
Automatic Data Processing Inc |
87,002.41 |
16,107.70 |
2,861.60 |
58,000 |
Affinia Group Intermediate Holdings Inc. |
0.00 |
0.00 |
0.00 |
4,592 |
Ajs Bancorp, Inc. |
0.00 |
0.00 |
0.00 |
40 |
Alamogordo Financial Corp |
0.00 |
0.00 |
0.00 |
97 |
Autoliv Inc |
6,700.02 |
8,112.00 |
363.00 |
54,600 |
American National Bankshares Inc |
376.06 |
112.71 |
41.24 |
303 |
American River Bankshares |
123.00 |
27.90 |
8.27 |
100 |
Aptiv Plc |
25,529.71 |
15,773.00 |
399.00 |
151,000 |
Arrow Financial Corporation |
512.40 |
142.26 |
113.10 |
511 |
American Axle and Manufacturing Holdings Inc |
703.00 |
5,167.70 |
-31.70 |
13,050 |
Bank Of America Corporation |
282,480.32 |
89,520.00 |
30,995.00 |
210,250 |
Leet Technology Inc. |
0.00 |
-0.09 |
-5.81 |
3 |
Bankfinancial Corp |
129.00 |
50.47 |
7.21 |
230 |
BURLINGTON NORTHERN SANTA FE CORP. |
0.00 |
0.00 |
0.00 |
0 |
Bok Financial Corp |
5,583.79 |
1,860.76 |
534.47 |
4,789 |
Popular Inc |
6,112.94 |
2,742.70 |
882.53 |
7,810 |
Brookline Bancorp inc |
1,144.75 |
316.69 |
200.59 |
675 |
Brown and Brown Inc |
15,810.10 |
3,140.82 |
607.66 |
7,807 |
Cordia Bancorp Inc |
0.00 |
0.00 |
0.00 |
55 |
Citigroup inc |
99,459.71 |
73,141.00 |
23,169.00 |
200,000 |
Commerce Bancshares Inc |
8,183.08 |
1,464.53 |
527.39 |
4,391 |
Community Choice Financial Inc. |
0.00 |
454.02 |
-176.22 |
3,356 |
Citizens Financial Group Inc |
16,137.49 |
6,901.00 |
2,014.00 |
18,000 |
California First National Bancorp |
188.12 |
23.81 |
8.02 |
107 |
Cullen |
7,860.89 |
1,387.94 |
426.17 |
4,211 |
Clarcor Inc. |
0.00 |
0.00 |
0.00 |
6,093 |
Community First Inc |
0.00 |
19.75 |
3.90 |
106 |
Commercial Bancshares Inc Oh |
0.00 |
0.00 |
0.00 |
72 |
Cnh Industrial N v |
19,875.55 |
33,428.00 |
1,760.00 |
69,207 |
Congaree Bancshares Inc |
0.00 |
0.00 |
0.00 |
20 |
Cooper standard Holdings Inc |
81.24 |
2,274.21 |
-355.92 |
29,000 |
Csx Corporation |
69,057.57 |
13,122.00 |
3,934.00 |
19,300 |
Cooper Tire and Rubber Co |
3,086.72 |
2,645.21 |
177.31 |
13,550 |
Cyngn Inc |
64.74 |
-336.73 |
-80.60 |
3,570 |
Citizens Bancshares Corp |
0.00 |
0.00 |
0.00 |
97 |
Dcb Financial Corp |
0.00 |
0.00 |
0.00 |
164 |
Dana Corporation |
0.00 |
0.00 |
0.00 |
0 |
Embassy Bancorp Inc |
148.16 |
45.72 |
16.94 |
76 |
Enerpulse Technologies, Inc. |
0.00 |
0.00 |
0.00 |
8 |
Equity Bancshares Inc |
518.97 |
188.40 |
53.06 |
297 |
East West Bancorp inc |
10,008.42 |
1,913.26 |
905.64 |
2,833 |
Ford Motor Co |
51,783.36 |
133,139.00 |
2,518.00 |
186,000 |
First Business Financial Services Inc |
282.18 |
118.11 |
34.70 |
258 |
First Citizens Bancshares Inc |
10,390.41 |
2,482.90 |
671.14 |
5,734 |
Fidelity D and D Bancorp Inc |
206.63 |
81.27 |
25.86 |
164 |
First Financial Bankshares Inc |
5,838.31 |
513.52 |
226.62 |
1,270 |
First Interstate Bancsystem Inc |
3,157.08 |
655.30 |
107.30 |
1,742 |
First Midwest Bancorp Inc |
2,447.32 |
729.14 |
176.87 |
1,790 |
F and m Bank Corp |
101.60 |
33.65 |
3.14 |
168 |
Fnb Corp |
3,910.00 |
1,230.00 |
365.00 |
2,747 |
First Nbc Bank Holding Co |
0.00 |
0.00 |
0.00 |
486 |
Fncb Bancorp Inc |
149.99 |
56.93 |
19.89 |
269 |
First Niagara Financial Group Inc |
0.00 |
1,326.50 |
255.05 |
5,428 |
Fomo Corp |
2.72 |
0.75 |
-14.04 |
0 |
Franklin Financial Services Corporation |
136.30 |
65.08 |
17.80 |
250 |
Fuel Systems Solutions, Inc. |
0.00 |
0.00 |
0.00 |
1,300 |
Fulton Financial Corp |
2,501.91 |
952.08 |
275.50 |
3,460 |
First National Corp |
123.37 |
49.28 |
11.65 |
187 |
Glacier Bancorp Inc |
5,087.94 |
799.46 |
271.75 |
2,245 |
Green Earth Technologies, Inc |
0.17 |
0.00 |
0.00 |
1 |
Greenkraft, Inc. |
2.63 |
1.01 |
-0.23 |
18 |
General Motors Company |
53,140.50 |
130,509.00 |
9,738.00 |
155,000 |
Gentex Corporation |
7,099.66 |
1,715.70 |
334.87 |
4,757 |
The Goodyear Tire and Rubber Company |
3,383.73 |
18,875.00 |
858.00 |
67,000 |
Great Western Bancorp Inc |
1,715.29 |
503.03 |
203.26 |
1,475 |
Hills Bancorporation |
648.38 |
136.73 |
43.54 |
391 |
Hcsb Financial Corp |
60.27 |
28.19 |
23.60 |
90 |
Honda Motor Co Ltd |
42,372.19 |
118,717.50 |
6,268.65 |
0 |
Harley davidson Inc |
4,954.89 |
5,815.06 |
850.96 |
5,900 |
Hilltop Holdings inc |
2,391.79 |
1,679.40 |
286.29 |
5,300 |
Horizon Global Corp |
66.43 |
763.79 |
-44.92 |
2,700 |
Iberiabank Corp |
2,266.49 |
1,182.35 |
384.16 |
3,084 |
County Bancorp Inc |
218.44 |
61.82 |
19.30 |
97 |
Independence Bancshares, Inc. |
2.55 |
3.23 |
-2.35 |
30 |
Sobr Safe Inc |
1.76 |
0.00 |
7.87 |
1 |
First Internet Bancorp |
370,337.18 |
122.53 |
48.87 |
152 |
Independent Bank Corp |
3,747.87 |
531.58 |
132.38 |
1,051 |
Isabella Bank Corp |
183.25 |
67.03 |
19.44 |
374 |
Investors Bancorp Inc |
3,293.49 |
884.15 |
313.33 |
1,712 |
Orix Corporation |
108,876.05 |
20,637.55 |
1,771.60 |
33,333 |
Juniata Valley Financial Corp |
74.19 |
26.92 |
6.35 |
105 |
Kandi Technologies Group Inc |
186.91 |
100.40 |
27.65 |
557 |
Lnb Bancorp Inc |
0.00 |
0.00 |
0.00 |
272 |
Mam Software Group, Inc. |
148.51 |
37.71 |
3.71 |
244 |
Mackinac Financial Corp |
226.13 |
63.81 |
13.79 |
173 |
Mint Leasing Inc |
0.00 |
0.00 |
0.00 |
17 |
Meritor Inc |
2,566.12 |
4,099.00 |
233.00 |
8,400 |
Navistar International Corporation |
4,458.90 |
7,714.00 |
-173.00 |
14,400 |
National Bank Holdings Corp |
1,214.29 |
290.68 |
85.15 |
956 |
National Commerce Corp |
684.89 |
119.48 |
25.10 |
289 |
Newstar Financial, Inc. |
488.51 |
88.95 |
20.45 |
122 |
Nicholas Financial Inc |
72.54 |
50.69 |
4.50 |
333 |
Nicolet Bankshares Inc |
0.00 |
0.00 |
0.00 |
280 |
National Penn Bancshares Inc |
0.00 |
0.00 |
0.00 |
1,606 |
Newell Brands Inc |
8,358.10 |
10,689.00 |
717.00 |
30,000 |
New Peoples Bankshares Inc. |
0.00 |
36.48 |
0.00 |
0 |
Ocean Bio chem Inc |
64.96 |
63.90 |
7.80 |
128 |
Ofg Bancorp |
1,342.01 |
553.32 |
153.30 |
1,466 |
Omnitek Engineering Corp |
0.00 |
1.14 |
-0.05 |
11 |
Bank Of The Ozarks Inc |
1,555.83 |
253.38 |
87.16 |
1,642 |
Prosperity Bancshares Inc |
6,438.21 |
1,127.82 |
514.84 |
3,037 |
Paccar Inc |
28,367.90 |
25,058.90 |
2,067.10 |
27,000 |
Puradyn Filter Technologies Inc |
0.32 |
1.53 |
-1.69 |
21 |
Polaris Inc |
6,309.11 |
8,203.90 |
430.00 |
8,100 |
Pilgrim Bancshares, Inc. |
48.30 |
8.13 |
1.28 |
34 |
Prime Meridian Holding Co |
81.28 |
25.44 |
8.35 |
56 |
Park National Corporation |
1,908.12 |
464.80 |
156.27 |
1,793 |
Privatebancorp, Inc |
5,031.37 |
504.60 |
122.98 |
1,219 |
Sb Financial Group, Inc. |
0.00 |
0.00 |
0.00 |
214 |
Renasant Corp |
1,668.40 |
597.56 |
151.53 |
1,996 |
Emav Holdings, Inc. |
0.00 |
0.00 |
0.00 |
1 |
Southeastern Bank Financial Corp |
0.00 |
63.86 |
16.35 |
346 |
Simmons First National Corp |
2,786.74 |
826.65 |
598.76 |
1,946 |
Shyft Group Inc |
773.08 |
1,000.79 |
54.69 |
0 |
Svb Financial Group |
25,700.76 |
5,996.92 |
2,044.24 |
3,898 |
Saleen Automotive Inc |
0.00 |
38.19 |
6.32 |
22 |
Smartfinancial Inc |
410.16 |
140.05 |
33.29 |
225 |
Snap on Inc |
11,711.70 |
4,674.00 |
866.50 |
12,300 |
Sun Bancorp Inc |
470.12 |
73.91 |
61.62 |
362 |
Sunnyside Bancorp Inc |
15.31 |
2.28 |
-0.94 |
15 |
Sense Technologies Inc |
0.88 |
-0.36 |
-0.22 |
2 |
Santander Holdings Usa Inc |
0.00 |
10,365.75 |
3,344.90 |
15,150 |
Square 1 Financial Inc |
0.00 |
0.00 |
0.00 |
258 |
Surrey Bancorp |
0.00 |
0.00 |
0.00 |
64 |
Southstate Corp |
5,450.15 |
1,492.01 |
428.92 |
2,058 |
S and t Bancorp Inc |
1,094.83 |
323.22 |
107.58 |
1,067 |
Strattec Security Corp |
117.95 |
466.82 |
25.62 |
3,877 |
Superior Industries International Inc |
986.86 |
1,427.08 |
0.70 |
3,050 |
Triumph Bancorp Inc |
1,677.32 |
438.00 |
103.38 |
500 |
T Bancshares, Inc. |
0.00 |
0.00 |
0.00 |
39 |
Starco Brands Inc |
0.00 |
1,084.72 |
263.78 |
0 |
Tidelands Bancshares Inc |
0.00 |
0.00 |
0.00 |
79 |
Toyota Motor Credit Corporation |
442,372.95 |
263,499.72 |
22,450.56 |
348,877 |
Tesla Inc |
821,510.50 |
62,190.00 |
8,460.00 |
70,757 |
Titan International Inc |
1,141.57 |
1,932.69 |
61.25 |
600 |
Mufg Americas Holdings Corporation |
0.00 |
6,260.00 |
1,126.00 |
12,400 |
United Bancshares Inc |
105.10 |
49.97 |
11.98 |
151 |
United Bankshares Inc |
4,858.46 |
1,040.60 |
375.55 |
1,701 |
United Community Banks Inc |
3,192.84 |
735.03 |
235.81 |
1,883 |
Unique Fabricating Inc |
17.41 |
126.18 |
-6.46 |
734 |
Umb Financial Corp |
4,322.62 |
1,292.72 |
366.34 |
3,830 |
Union Bankshares Inc |
130.17 |
48.82 |
31.50 |
0 |
Union Pacific Corp |
138,077.28 |
22,663.00 |
6,812.00 |
31,285 |
United Bancshares Inc |
0.00 |
3.98 |
-0.49 |
173 |
Uwharrie Capital Corp |
55.62 |
40.56 |
6.30 |
156 |
Valley National Bancorp |
4,971.97 |
1,370.42 |
474.86 |
2,929 |
Voxx International Corporation |
166.77 |
635.92 |
-27.47 |
2,060 |
Valvoline Inc |
5,287.01 |
3,371.00 |
433.00 |
5,150 |
Westamerica Bancorporation |
1,550.19 |
216.31 |
87.41 |
813 |
Western Alliance Bancorporation |
7,912.92 |
2,151.80 |
946.80 |
1,446 |
Washington Trust Bancorp Inc |
821.30 |
224.96 |
72.88 |
582 |
Wabco Holdings Inc |
7,013.48 |
3,234.20 |
198.90 |
12,429 |
Wilson Bank Holding Co |
0.00 |
157.36 |
49.66 |
446 |
Webster Financial Corporation |
5,544.45 |
1,262.13 |
284.04 |
2,946 |
Wesbanco Inc |
1,959.28 |
618.88 |
213.27 |
1,633 |
Wsfs Financial Corporation |
2,588.15 |
734.21 |
210.43 |
947 |
West Bancorporation Inc |
405.32 |
108.17 |
51.04 |
174 |
Wintrust Financial Corp |
4,793.27 |
1,734.57 |
440.39 |
0 |
Zap |
14.14 |
10.78 |
-34.02 |
400 |
SUBTOTAL |
2,997,738.80 |
1,258,249.61 |
154,548.08 |
2,306,214 |
|