OverviewSuggest Edit

CarMax is a retailer of used vehicles. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. It offers customers 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.
TypePublic
Founded1993
HQRichmond, VA, US
Websitecarmax.com
Employee Ratings3.7
Overall CultureA-

Latest Updates

Employees (est.) (Feb 2020)22,272(+14%)
Job Openings1,837
Revenue (FY, 2020)$20.3 B(+12%)
Share Price (Jun 2021)$114.1
Cybersecurity ratingBMore

Key People/Management at CarMax

Bill Nash

Bill Nash

President and Chief Executive Officer
Eric Margolin

Eric Margolin

EVP, General Counsel and Corporate Secretary
Ed Hill

Ed Hill

EVP, Chief Operating Officer
Jim Lyski

Jim Lyski

EVP, Chief Marketing Officer
Tom Reedy

Tom Reedy

EVP of Finance
Diane Cafritz

Diane Cafritz

SVP, Chief Human Resources Officer
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CarMax Office Locations

CarMax has an office in Richmond
Richmond, VA, US (HQ)
12800 Tuckahoe Creek Pkwy
Show all (1)

CarMax Financials and Metrics

CarMax Revenue

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CarMax's revenue was reported to be $20.32 b in FY, 2020 which is a 11.8% increase from the previous period.
USD

Revenue (Q3, 2021)

5.2b

Gross profit (Q3, 2021)

631.4m

Gross profit margin (Q3, 2021), %

12.2%

Net income (Q3, 2021)

235.3m

Market capitalization (4-Jun-2021)

18.6b

Closing stock price (4-Jun-2021)

114.1

Cash (30-Nov-2020)

236.6m

EV

33.8b
CarMax's current market capitalization is $18.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

17.1b18.2b20.3b

Revenue growth, %

8%6%12%

Cost of goods sold

14.8b15.7b17.6b

Gross profit

2.3b2.5b2.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

4.8b4.8b4.3b5.4b5.2b4.8b3.2b5.4b5.2b

Cost of goods sold

4.1b4.1b3.7b4.6b4.5b4.2b2.9b4.6b4.6b

Gross profit

661.3m650.6m569.2m742.4m693.5m613.6m354.2m752.1m631.4m

Gross profit Margin, %

14%14%13%14%13%13%11%14%12%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

44.5m46.9m58.2m

Accounts Receivable

133.3m139.9m191.1m

Inventories

2.4b2.5b2.8b

Current Assets

3.1b3.2b3.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

76.3m37.1m35.0m42.2m40.7m56.6m658.0m711.6m236.6m

Accounts Receivable

101.4m104.9m111.2m133.9m141.1m142.7m145.0m203.2m169.0m

Inventories

2.3b2.4b2.4b2.6b2.6b2.7b1.9b2.8b2.8b

Current Assets

3.0b3.0b3.1b3.3b3.4b3.5b3.3b4.3b3.7b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

664.1m842.4m888.4m

Depreciation and Amortization

179.9m182.2m215.8m

Inventories

(130.1m)(128.8m)(327.0m)

Accounts Payable

38.3m86.4m85.4m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

238.7m459.5m649.9m266.7m500.3m673.5m5.0m301.7m537.0m

Depreciation and Amortization

45.3m90.3m135.6m51.5m103.5m158.2m58.3m119.0m180.5m

Inventories

130.7m33.3m(34.0m)(31.7m)(85.3m)(163.1m)947.0m21.5m66.2m

Accounts Payable

81.7m57.6m22.2m81.9m(26.6m)20.6m(382.1m)24.9m(124.1m)
USDFY, 2018

Revenue/Employee

918.6k

Debt/Equity

4 x

Debt/Assets

0.8 x

Financial Leverage

5.3 x
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CarMax Operating Metrics

CarMax's Customers was reported to be 1 m in FY, 2020.
FY, 2018FY, 2019FY, 2020

Customers

1.04 m

Used Vehicles Sold

721.51 k748.96 k832.64 k

Wholesale Vehicles Sold

408.51 k447.49 k466.18 k

Average Selling Price per Retail Unit (Used Vehicles)

$19.76 k$20.08 k$20.42 k
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CarMax Acquisitions / Subsidiaries

Company NameDateDeal Size
CarMax Auto Superstores
CarMax Auto Superstores California
CarMax Auto Superstores Services
CarMax Auto Superstores West Coast
CarMax Business Services
Glen Allen Insurance

CarMax Revenue Breakdown

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CarMax revenue breakdown by business segment: 84.5% from Used Vehicle, 12.3% from Wholesale Vehicle and 3.2% from Other

CarMax Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

CarMax Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

CarMax Online and Social Media Presence

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CarMax Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    A-

    74/100

  • Compensation

    C+

    66/100

  • Diversity

    B-

    68/100

Learn more on Comparably

CarMax News and Updates

CarMax to hold curbside hiring events next week to hire 1,800 employees this summer

CarMax Inc. said Wednesday that it plans to hire 1,800 employees by the end of the summer. The auto buyer and seller said it will host curbside hiring events at 16 locations across the country on June 10 from 10 a.m. to 3 p.m. "CarMax continues to grow and the need to produce more vehicles to keep …

CarMax Hiring 1,800 Automotive Service Professionals Nationwide

Nation’s Largest Buyer and Seller of Used Cars to Host Curbside Career Day at 16 Locations on June 10 Nation’s Largest Buyer and Seller of Used Cars to Host Curbside Career Day at 16 Locations on June 10

CarMax and Dunkin are Doin Donuts for New 24-Hour Test Drive Experience

Test Drive Customers Will Receive a $10 Dunkin’ Gift Card and the Chance to Win Free Donuts for a Year.read more

CarMax to pay bonuses to more than 80% of its employee for efforts during 'challenging year'

CarMax Inc. said Wednesday it will pay bonuses of up to $500 to 22,000 employees, or more than 80% of its workforce, to recognize their efforts "in the midst of a challenging year." The used car retailer's stock slipped 0.1% in premarket trading. The company said full-time employees will receive $5…

CarMax Launches New Signature Experience – Industry-Leading “Love Your Car Guarantee”

Nation’s largest used-car retailer now offers a 30-Day Money Back Guarantee and 24-Hour Test Drives Nation’s largest used-car retailer now offers a 30-Day Money Back Guarantee and 24-Hour Test Drives

It’s Time To Make A Trade In For CarMax

Despite the firm's year-over-year decline in TTM revenue, we think this stock offers excellent risk/reward.
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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, Eric Margolin and Ed Hill.

  • How many employees does CarMax have?

    CarMax has 22,272 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 $912.4 k.

  • Who are CarMax competitors?

    Competitors of CarMax include Vroom, Inchcape and Copart.

  • Where is CarMax headquarters?

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

  • Where are CarMax offices?

    CarMax has an office in Richmond.

  • How many offices does CarMax have?

    CarMax has 1 office.