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