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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 Carmax Inc's Suppliers recorded increase in sales by 2.71 % year on year in Q1 2023, from the previous quarter, sales fell by -15.52 %, Carmax Inc's cost of sales deteriorated by -26.72 % year on year, relative to one quarter ago cost of sales fell by -13.79 % in Q1.

More on KMX Suppliers




Carmax Inc's Suppliers recorded an increase in sales by 2.71 % year on year in Q1 2023, from the previous quarter, sales fell by -15.52 %, Carmax Inc's cost of sales deteriorated by -26.72 % year on year, compare to one quarter ago cost of sales fell by -13.79 % in Q1.

More on KMX Suppliers




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 Income grew by KMX's Suppliers Net margin grew in Q1 to
62.11 % 18.51 %


Carmax Inc 's Suppliers Sales Growth in Q1 2023 by Industry

Suppliers from Chemical Manufacturing Industry -61.12 %   
Suppliers from Chemicals - Plastics & Rubber Industry -24.41 %   
Suppliers from Iron & Steel Industry -1.32 %   
Suppliers from Miscellaneous Fabricated Products Industry -14.02 %   
Suppliers from Construction & Mining Machinery Industry    
Suppliers from Industrial Machinery and Components Industry      9.64 %
Suppliers from Electronic Parts & Equipment Industry -16.69 %   
Suppliers from Auto & Truck Manufacturers Industry -19.84 %   
Suppliers from Auto & Truck Parts Industry      11.71 %
Suppliers from Tire Manufacturing Industry      0.67 %
Suppliers from Consumer Financial Services Industry -0.42 %   
Suppliers from Insurance Brokerage Industry      23.36 %
Suppliers from Investment Services Industry -6.75 %   
Suppliers from Regional Banks Industry      128.32 %
Suppliers from S&Ls Savings Banks Industry -0.31 %   
Suppliers from Commercial Banks Industry      12.88 %
Suppliers from Print Media & Newspaper Publishing Industry      3091.2 %
Suppliers from Electronic Instruments & Controls Industry      10.55 %
Suppliers from Cloud Computing & Data Analytics Industry      9.21 %
Suppliers from Semiconductors Industry -1.15 %   
Suppliers from Railroads Industry      5.27 %
     
• 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 11,595.89 29,684.87 484.76 32,647
Dana Inc 1,922.08 10,320.00 -300.00 22,600
Genuine Parts Co 22,329.48 22,566.46 1,240.82 52,000
Johnson Controls International Plc 43,316.00 26,093.00 1,582.00 102,000
DELPHI CORPORATION 0.00 0.00 0.00 0
Visteon Corp 3,982.32 3,905.00 145.00 25,500
Commercial Vehicle Group Inc 343.43 999.89 -17.25 6,700
Federal Mogul Corp 0.00 6,786.00 49.00 53,700
Modine Manufacturing Co 1,448.11 2,370.10 87.70 7,100
Stoneridge Inc 451.53 920.19 -13.77 4,100
Enpro Industries Inc 2,188.21 1,053.10 223.20 5,000
Cts Corporation 1,463.25 585.17 57.68 322
Green Earth Technologies, Inc 0.17 0.00 0.00 1
Aptiv Plc 24,982.89 18,129.00 664.00 155,000
Cooper Tire and Rubber Co 3,086.72 2,645.21 177.31 13,550
Dana Corporation 0.00 0.00 0.00 0
The Goodyear Tire and Rubber Company 4,092.60 20,838.00 14.00 67,000
Csx Corporation 63,406.98 15,146.00 4,294.00 20,900
Union Pacific Corp 118,080.65 25,071.00 6,998.00 29,905
Ford Motor Co 48,710.61 165,055.00 2,630.00 183,000
General Motors Financial Company Inc 46,672.58 124,099.00 7,486.00 157,000
Paccar Inc 37,415.94 30,820.40 3,145.00 28,500
Snap on Inc 13,922.64 4,928.30 958.70 12,800
Automatic Data Processing Inc 88,285.44 17,662.00 3,260.70 60,000
BURLINGTON NORTHERN SANTA FE CORP. 0.00 0.00 0.00 0
Harley davidson Inc 4,914.63 6,048.63 818.54 5,900
Newell Brands Inc 3,613.35 8,876.00 -139.00 32,000
Tesla Inc 669,913.56 86,035.00 11,846.00 99,290
Cnh Industrial N v 18,224.19 62,321.00 4,285.00 69,207
Polaris Inc 6,499.18 8,589.00 447.60 8,100
Arctic Cat Inc 0.00 698.31 35.88 1,670
Stellantis N v 50,302.09 201,143.04 18,792.48 400,000
Bok Financial Corp 5,526.10 1,982.58 620.34 4,789
Popular Inc 4,226.45 2,962.87 1,048.52 7,810
Bank Of America Corporation 231,640.91 97,980.00 28,622.00 208,000
Citigroup inc 87,598.86 77,599.00 15,262.00 223,400
Community Choice Financial Inc. 0.00 454.02 -176.22 3,356
Citizens Financial Group Inc 13,173.11 7,865.00 2,052.00 17,463
Cyngn Inc 34.38 1.13 -21.05 3,570
East West Bancorp inc 7,136.80 2,423.53 1,212.87 2,833
First Citizens Bancshares Inc 18,511.23 13,728.00 10,345.00 5,734
First Financial Bankshares Inc 3,824.68 511.63 231.07 1,270
First Interstate Bancsystem Inc 2,450.12 1,097.30 291.90 1,742
First Midwest Bancorp Inc 2,447.32 729.14 176.87 1,790
Fnb Corp 4,114.38 1,487.00 533.00 2,747
First Niagara Financial Group Inc 0.00 1,326.50 255.05 5,428
Fulton Financial Corp 1,930.41 989.09 279.71 3,460
Glacier Bancorp Inc 3,290.97 885.68 296.62 2,245
Great Western Bancorp Inc 1,715.29 503.03 203.26 1,475
Hilltop Holdings inc 1,999.28 1,248.69 122.92 5,300
Iberiabank Corp 2,266.49 1,182.35 384.16 3,084
Independence Bancshares, Inc. 2.55 3.23 -2.35 30
First Internet Bancorp 108,333.98 97.20 21.32 152
Independent Bank Corp 2,036.42 735.70 271.96 1,051
National Penn Bancshares Inc 0.00 0.00 0.00 1,606
Ofg Bancorp 1,193.81 609.76 174.95 1,466
Bank Of The Ozarks Inc 1,555.83 253.38 87.16 1,642
Park National Corporation 1,660.89 482.80 146.65 1,793
Privatebancorp, Inc 5,031.37 504.60 122.98 1,219
Renasant Corp 1,522.82 636.28 178.60 1,996
Simmons First National Corp 2,145.22 865.02 520.37 1,946
Svb Financial Group 15,943.02 5,793.00 1,609.00 6,567
Santander Holdings Usa Inc 0.00 7,508.72 1,085.79 15,150
Southstate Corp 4,964.52 1,626.58 535.65 2,058
S and t Bancorp Inc 1,077.30 383.26 146.18 1,067
Triumph Bancorp Inc 1,461.68 481.99 111.39 500
Tidelands Bancshares Inc 0.00 0.00 0.00 79
Union Bankshares Inc 98.92 49.58 28.89 0
United Bankshares Inc 4,045.21 1,050.11 396.27 1,701
United Community Banks Inc 2,698.47 866.37 283.32 1,883
Umb Financial Corp 2,906.27 1,438.24 418.16 3,830
Valley National Bancorp 3,893.04 1,941.57 592.82 2,929
Westamerica Bancorporation 1,056.64 291.35 139.87 813
Western Alliance Bancorporation 3,846.82 2,458.50 959.40 1,446
Webster Financial Corporation 6,574.87 2,504.31 882.03 2,946
Wesbanco Inc 1,451.13 600.24 190.33 1,633
Allegiance Bancshares Inc. 855.34 236.52 75.71 305
Atlantic Capital Bancshares inc 661.93 118.57 48.43 361
Ajs Bancorp, Inc. 0.00 0.00 0.00 40
American National Bankshares Inc 300.90 107.90 34.59 303
American River Bankshares 123.00 27.90 8.27 100
Arrow Financial Corporation 320.07 142.34 107.76 511
Cordia Bancorp Inc 0.00 0.00 0.00 55
Commerce Bancshares Inc 6,112.17 1,488.02 500.55 4,391
California First National Bancorp 155.72 23.81 8.02 107
Cullen 6,860.77 1,838.62 657.70 4,211
Community First Inc 0.00 19.75 3.90 106
Commercial Bancshares Inc Oh 0.00 0.00 0.00 72
Congaree Bancshares Inc 0.00 0.00 0.00 20
Citizens Bancshares Corp 0.00 0.00 0.00 97
Dcb Financial Corp 0.00 0.00 0.00 164
Embassy Bancorp Inc 110.20 47.78 17.29 76
Equity Bancshares Inc 362.81 198.50 54.36 297
First Business Financial Services Inc 230.68 135.61 41.17 258
Fidelity D and D Bancorp Inc 224.26 86.61 29.54 164
F and m Bank Corp 70.36 53.41 9.37 168
First Nbc Bank Holding Co 0.00 0.00 0.00 486
Fncb Bancorp Inc 112.24 58.53 18.76 269
Franklin Financial Services Corporation 114.82 67.03 15.22 250
First National Corp 95.28 57.04 16.92 187
Hills Bancorporation 623.19 140.10 49.56 391
Hcsb Financial Corp 60.27 28.19 23.60 90
County Bancorp Inc 218.44 61.82 19.30 97
Isabella Bank Corp 153.40 72.67 21.24 374
Juniata Valley Financial Corp 74.52 30.07 8.50 105
Lnb Bancorp Inc 0.00 0.00 0.00 272
Mackinac Financial Corp 226.13 63.81 13.79 173
National Bank Holdings Corp 1,188.70 340.04 93.21 956
National Commerce Corp 684.89 119.48 25.10 289
Nicolet Bankshares Inc 0.00 0.00 0.00 280
New Peoples Bankshares Inc 51.50 37.91 8.18 4,000
Prosperity Bancshares Inc 5,297.22 1,157.03 526.88 3,037
Pilgrim Bancshares, Inc. 48.30 8.13 1.28 34
Prime Meridian Holding Co 70.38 30.01 9.94 56
Sb Financial Group, Inc. 0.00 0.00 0.00 214
Southeastern Bank Financial Corp 0.00 63.86 16.35 346
Smartfinancial Inc 374.76 167.33 46.26 225
Sun Bancorp Inc 470.12 73.91 61.62 362
Vecta Inc 321.65 2.62 -0.67 15
Square 1 Financial Inc 0.00 0.00 0.00 258
Surrey Bancorp 0.00 0.00 0.00 64
T Bancshares, Inc. 0.00 0.00 0.00 39
Mufg Americas Holdings Corporation 0.00 6,260.00 1,126.00 12,400
United Bancshares Inc 15.07 12.98 2.27 151
Uwharrie Capital Corp 49.46 40.63 9.40 156
Washington Trust Bancorp Inc 443.67 217.42 68.01 582
Wilson Bank Holding Company 0.00 161.19 53.02 446
Wsfs Financial Corporation 2,112.50 911.42 281.34 947
Investors Bancorp Inc 3,293.49 884.15 313.33 1,712
Bankfinancial Corp 95.29 56.79 11.86 230
West Bancorporation Inc 287.22 99.13 41.06 174
Brookline Bancorp inc 751.15 317.40 92.60 675
Orix Corporation 102,458.64 18,452.32 2,325.33 33,333
Mint Leasing Inc 0.00 0.00 0.00 17
Nicholas Financial Inc 35.78 48.02 -17.95 333
Alamogordo Financial Corp 0.00 0.00 0.00 97
Newstar Financial, Inc. 488.51 88.95 20.45 122
Brown and Brown Inc 17,838.42 3,784.70 687.00 12,023
Accuride Corp 0.00 0.00 0.00 2,290
Meritor Inc. 2,620.70 4,295.00 264.00 8,400
Affinia Group Intermediate Holdings Inc. 0.00 0.00 0.00 4,592
Autoliv Inc 7,263.87 9,210.00 416.00 54,600
American Axle and Manufacturing Holdings Inc 912.90 5,860.10 58.20 13,050
Sense Technologies Inc 0.88 -0.36 -0.22 2
Leet Technology Inc 0.00 -0.02 -3.81 3
Clarcor Inc. 0.00 0.00 0.00 6,093
Cooper standard Holdings Inc 199.94 2,558.51 -260.27 29,000
Fuel Systems Solutions, Inc. 0.00 0.00 0.00 1,300
Greenkraft, Inc. 5.26 1.01 -0.23 18
Gentex Corporation 6,268.24 2,001.47 328.81 4,757
Horizon Global Corp 48.71 675.32 -91.22 2,700
Sobr Safe Inc 0.00 0.08 -12.35 0
Puradyn Filter Technologies Inc 0.01 1.53 -1.69 21
Strattec Security Corp 74.87 457.80 -0.34 3,877
Superior Industries International Inc 29.15 1,620.34 22.92 3,050
Unique Fabricating Inc 2.97 134.91 -23.36 734
Enerpulse Technologies, Inc. 0.00 0.00 0.00 8
Kandi Technologies Group Inc 0.26 115.78 -10.64 557
Navistar International Corporation 4,458.90 7,714.00 -173.00 14,400
Emav Holdings, Inc. 0.00 0.00 0.00 1
Saleen Automotive Inc 0.00 38.19 6.32 22
Shyft Group Inc 863.00 1,063.72 42.09 1,800
Toyota Motor Corp 1,945,346.24 232,273.90 21,278.15 348,877
Wabco Holdings Inc 7,013.48 3,234.20 198.90 12,429
Zap 14.14 10.78 -34.02 400
Amerityre Corporation 2.92 6.66 0.20 0
Omnitek Engineering Corp 0.00 1.04 -0.18 11
Fomo Worldwide Inc 2.59 7.48 -5.60 0
Titan International Inc 671.84 2,162.03 188.04 600
Ocean Bio chem Inc 139.59 63.42 4.88 128
Valvoline Inc 6,567.78 2,512.00 1,565.50 5,150
Honda Motor Co. Ltd. 0.00 108,264.49 5,659.22 215,638
Voxx International Corporation 225.43 534.01 -30.91 2,060
Mam Software Group, Inc. 148.51 37.71 3.71 244
Wintrust Financial Corp 4,072.28 1,962.57 562.49 0
Credit Acceptance Corp 5,823.77 1,830.50 421.00 1,425
SUBTOTAL 3,992,177.63 1,546,930.27 177,367.31 3,010,154


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