OverviewSuggest Edit

CarMax operates as a retailer of used vehicles. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic and imported vehicles, sells vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions, and provides extended protection plans to customers at the time of sale. The company also offers reconditioning and vehicle repair services, and provides financing alternatives for retail customers across a range of credit spectrum. In addition, it sells new vehicles under franchise agreements.
HQRichmond, US
Employee Ratings3.3
Culture scoreB

Latest Updates

Employees (est.) (Feb 2019)19,705(+6%)
Job Openings50
Revenue (FY, 2020)$20.3 B(+12%)
Share Price (May 2020)$80.4 (+3%)

Key People/Management at CarMax

Bill Nash

Bill Nash

President and Chief Executive Officer
Cliff Wood

Cliff Wood

EVP, Chief Operating Officer
Tom Reedy

Tom Reedy

EVP, Chief Financial Officer
Eric Margolin

Eric Margolin

EVP, General Counsel and Corporate Secretary
Ed Hill

Ed Hill

EVP, Strategy and Business Transformation
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CarMax Office Locations

CarMax has offices in Richmond, Albany, Albuquerque, Allen and in 122 other locations
Richmond, US (HQ)
12800 Tuckahoe Creek Pkwy
Albany, US
Albany, NY, USA
Albuquerque, US
Albuquerque, NM, USA
Allen, US
Allen, TX, USA
Amargosa Valley, US
Amargosa Valley, NV 89020, USA
Atlanta, US
Atlanta, GA, USA
Show all (127)

CarMax Financials and Metrics

CarMax Revenue

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CarMax's revenue was reported to be $20.32 b in FY, 2020

Revenue (FY, 2020)


Gross profit (FY, 2020)


Gross profit margin (FY, 2020), %


Net income (FY, 2020)


Market capitalization (21-May-2020)


Closing stock price (21-May-2020)


Cash (29-Feb-2020)



CarMax's current market capitalization is $13.2 b.
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020



Revenue growth, %


Cost of goods sold


Gross profit

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020



Accounts Receivable


Prepaid Expenses



USDY, 2020


-65.1 x

Financial Leverage

5.6 x
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CarMax Operating Metrics

CarMax's Stores was reported to be 173 in FY, 2017.
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018


131 144 158 173

Used Vehicles Sold

526.93 k582.28 k164.51 k156.52 k143.67 k619.94 k171.08 k167.41 k156.79 k671.29 k195.27 k

Wholesale Vehicles Sold

342.58 k376.19 k101.63 k106.52 k94.07 k394.44 k103.46 k105.11 k91.97 k391.69 k103.44 k
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CarMax Online and Social Media Presence

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CarMax Company Culture

  • Overall Culture



  • CEO Rating



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  • Diversity



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CarMax News and Updates

Thinking about trading options or stock in Applied Materials, CarMax, Netflix, Stamps.com, or Wix.Com?

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Consumer data, inflation index, Carnival and Carmax earnings: 3 things to watch for on Friday

We'll get consumer spending data, a core inflation reading and earnings from cruise company Carnival and Carmax on Friday.

Carmax promotes treasurer Mayor-Mora to CFO

Carmax Inc. said that it promoted Enrique Mayor-Mora, who has served as Carmax's treasurer since 2016, to vice president and chief financial officer. Tom Reedy, who has served as CFO since 2010, will become executive vice president of finance, the used-car retailer said in a statement. Mayor-Mora w…

CarMax Is Defying The Odds In The Slowing Auto Industry

CarMax, the largest retailer of used vehicles in the United States, has seen its stock rise by ~50% year to date while running up by close to 10% over the last month. While the broader automobile industry has seen deliveries plateau, on account of economic uncertainty and an increasing...
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CarMax Frequently Asked Questions

  • When was CarMax founded?

    CarMax was founded in 1993.

  • Who are CarMax key executives?

    CarMax's key executives are Bill Nash, Cliff Wood and Tom Reedy.

  • How many employees does CarMax have?

    CarMax has 19,705 employees.

  • What is CarMax revenue?

    Latest CarMax annual revenue is $20.3 b.

  • What is CarMax revenue per employee?

    Latest CarMax revenue per employee is $1 m.

  • Who are CarMax competitors?

    Competitors of CarMax include Inchcape, Copart and Penske Automotive Group.

  • Where is CarMax headquarters?

    CarMax headquarters is located at 12800 Tuckahoe Creek Pkwy, Richmond.

  • Where are CarMax offices?

    CarMax has offices in Richmond, Albany, Albuquerque, Allen and in 122 other locations.

  • How many offices does CarMax have?

    CarMax has 127 offices.