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.
| Type | Public | |
| Founded | 1993 | |
| HQ | Richmond, US | Map |
| Website | carmax.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Recent NewsAll News
- CarMax, CX Journey, and Reltio Executives to Provide Blueprint for "Designing and Delivering the Experiences of the Future"
- CarMax resumes share buybacks after suspending program in April due to pandemic
- Car E-Commerce Market to See Massive Growth by 2026 | AutoTrader, Edmunds, CarMax, Amazon
- Can CarMax Get Back to $100 Post-Covid?
Key People/Management at CarMax
Bill Nash
President and Chief Executive Officer
Eric Margolin
EVP, General Counsel and Corporate Secretary
Ed Hill
EVP, Chief Operating Officer
Jim Lyski
EVP, Chief Marketing Officer
Tom Reedy
EVP of Finance
Diane Cafritz
SVP, Chief Human Resources Officer
CarMax Office Locations
CarMax has an office in Richmond
Richmond, US (HQ)
12800 Tuckahoe Creek Pkwy
CarMax Financials and Metrics
CarMax Revenue
CarMax's revenue was reported to be $20.32 b in FY, 2020
| USD | |
|---|---|
Revenue (Q2, 2021) | 4.4b |
Gross profit (Q2, 2021) | 481.2m |
Gross profit margin (Q2, 2021), % | 11% |
Market capitalization (17-Nov-2020) | 15.5b |
Closing stock price (17-Nov-2020) | 94.7 |
Cash (31-Aug-2020) | 711.6m |
EV | 17.2b |
CarMax's current market capitalization is $15.5 b.
- Source: SEC Filings
Annual
Quarterly
| USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.3b | 2.1b | 2.7b | 2.6b | 2.3b | 2.8b | 2.8b | 2.6b | 3.2b | 2.9b | 3.8b | 3.6b | 3.4b | 4.0b | 3.9b | 3.5b | 4.1b | 4.0b | 3.7b | 4.5b | 4.4b | 4.1b | 4.8b | 4.8b | 4.3b | 5.4b | 5.2b | 4.8b | 3.2b | 4.4b |
Cost of goods sold | 2.0b | 1.8b | 2.3b | 2.2b | 2.0b | 2.4b | 2.4b | 2.3b | 2.8b | 2.6b | 3.2b | 3.1b | 3.0b | 3.5b | 3.4b | 3.1b | 3.6b | 3.5b | 3.2b | 3.9b | 3.8b | 3.6b | 4.1b | 4.1b | 3.7b | 4.6b | 4.5b | 4.2b | 2.9b | 3.9b |
Gross profit | 349.1m | 297.9m | 383.1m | 354.3m | 303.2m | 381.9m | 368.0m | 345.2m | 434.7m | 381.7m | 501.7m | 463.3m | 446.6m | 543.8m | 521.4m | 464.3m | 572.6m | 545.4m | 503.1m | 648.9m | 604.0m | 539.2m | 661.3m | 650.6m | 569.2m | 742.4m | 693.5m | 613.6m | 354.2m | 481.2m |
Gross profit Margin, % | 15% | 14% | 14% | 14% | 13% | 14% | 13% | 13% | 13% | 13% | 13% | 13% | 13% | 14% | 13% | 13% | 14% | 14% | 14% | 14% | 14% | 13% | 14% | 14% | 13% | 14% | 13% | 13% | 11% | 11% |
- Source: SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 41.1m | 442.7m | 449.4m | 627.9m | 27.6m | 37.4m | 38.4m | 44.5m | 46.9m | 58.2m |
Accounts Receivable | 119.6m | 86.4m | 92.0m | 79.9m | 137.7m | 132.2m | 152.4m | 133.3m | 139.9m | 191.1m |
Prepaid Expenses | 33.7m | 17.5m | 21.5m | 93.5m | 67.1m | |||||
Inventories | 1.0b | 1.1b | 1.5b | 1.6b | 2.1b | 1.9b | 2.3b | 2.4b | 2.5b | 2.8b |
Quarterly
| USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 55.2m | 74.4m | 156.0m | 181.9m | 383.4m | 456.4m | 458.6m | 445.1m | 750.0m | 664.8m | 532.2m | 354.6m | 189.9m | 351.7m | 100.5m | 33.3m | 52.6m | 316.0m | 23.7m | 60.1m | 25.8m | 26.3m | 76.3m | 37.1m | 35.0m | 42.2m | 40.7m | 56.6m | 658.0m | 711.6m |
Accounts Receivable | 66.0m | 66.0m | 85.1m | 64.8m | 54.5m | 65.7m | 70.4m | 62.7m | 85.5m | 68.0m | 97.8m | 108.9m | 88.2m | 103.7m | 100.8m | 88.5m | 102.5m | 94.6m | 92.0m | 104.7m | 99.7m | 95.8m | 101.4m | 104.9m | 111.2m | 133.9m | 141.1m | 142.7m | 145.0m | 203.2m |
Prepaid Expenses | 8.9m | 20.0m | 9.2m | 21.8m | 9.8m | 10.3m | 22.1m | 24.9m | 20.3m | 26.2m | 38.7m | 48.4m | 29.1m | 45.5m | 32.7m | 32.3m | 45.3m | 41.3m | 35.8m | 41.8m | 53.3m | 88.4m | 75.1m | 59.9m | 77.1m | 115.0m | 109.9m | |||
Inventories | 929.2m | 1.0b | 1.1b | 1.1b | 1.0b | 1.2b | 1.2b | 1.3b | 1.4b | 1.6b | 1.7b | 1.7b | 2.0b | 1.8b | 1.9b | 2.2b | 1.9b | 1.9b | 2.2b | 2.1b | 2.2b | 2.4b | 2.3b | 2.4b | 2.4b | 2.6b | 2.6b | 2.7b | 1.9b | 2.8b |
- Source: SEC Filings
Annual
| USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 380.9m | 413.8m | 434.3m | 99.2m | 597.4m | 623.4m | 627.0m | 664.1m | 842.4m | 888.4m |
Depreciation and Amortization | 59.4m | 82.8m | 95.3m | 168.9m | 179.9m | 182.2m | 215.8m | |||
Inventories | (206.3m) | (43.1m) | (425.2m) | (445.4m) | 154.8m | (328.5m) | (130.1m) | (128.8m) | (327.0m) | |
Accounts Payable | (8.7m) | 43.1m | (575.0k) | 61.8m | 38.3m | 86.4m | 85.4m |
Quarterly
- Source: SEC Filings
| USD | Q2, 2011 |
|---|---|
Financial Leverage | 3.2 x |
CarMax Operating Metrics
CarMax's Stores was reported to be 173 in FY, 2017.
| FY, 2014 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Stores | 131 | 144 | 158 | 173 | |||||||
Used Vehicles Sold | 526.93 k | 582.28 k | 164.51 k | 156.52 k | 143.67 k | 619.94 k | 171.08 k | 167.41 k | 156.79 k | 671.29 k | 195.27 k |
Wholesale Vehicles Sold | 342.58 k | 376.19 k | 101.63 k | 106.52 k | 94.07 k | 394.44 k | 103.46 k | 105.11 k | 91.97 k | 391.69 k | 103.44 k |
CarMax Cybersecurity Score
CarMax Environment, Social & Governance (ESG) Ratings
CarMax Online and Social Media Presence
37.32k Twitter followers
CarMax has 37.32k Twitter Followers. The number of followers has decreased 0.1% month over month and decreased 0.1% quarter over quarter
CarMax's Trends
Twitter Engagement Stats for @CarMax
37.9k
Tweets
6.1k
Following
37.3k
Followers
118
Tweets last 30 days
0.4
Avg. likes per Tweet
20.3%
Tweets with engagement
CarMax Company Culture
Overall Culture
B
71/100
CEO Rating
C+
68/100
Compensation
C
61/100
Diversity
C+
66/100
CarMax News and Updates
November 06, 2020
CarMax, CX Journey, and Reltio Executives to Provide Blueprint for "Designing and Delivering the Experiences of the Future"
REDWOOD CITY, Calif., Nov. 6, 2020 /PRNewswire/ -- Reltio, an award-winning software as a service (SaaS) company at the heart of helping innovative Global 2000 companies thrive in the experience economy, will participate in an expert panel discussion, "Designing and Delivering the...
September 28, 2020
CarMax resumes share buybacks after suspending program in April due to pandemic
CarMax Inc. said Monday it has resumed its share buyback program after suspending it in April due to the coronavirus pandemic. The retailer of new and used cars said in a regulatory filing that it has $1.51 billion left in its share buyback authorization. Shares were not active premarket but have g…
August 18, 2020
Car E-Commerce Market to See Massive Growth by 2026 | AutoTrader, Edmunds, CarMax, Amazon
Stay up-to-date with Car E-Commerce Market research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday
July 09, 2020
Can CarMax Get Back to $100 Post-Covid?
Comparing the trend in CarMax’s stock (NYSE: KMX), a used car retailer, over recent months with its trajectory during and after the Great Recession of 2008, we believe that the stock can potentially gain 6% to levels around $95, once fears surrounding the coronavirus outbreak are put to rest...
June 24, 2020
Hertz's stock soars after Jefferies says CarMax, AutoNation may 'swoop in'
Shares of Hertz Global Holdings Inc. shot up 20% in active trading Wednesday, putting them on track to snap a 4-day losing streak in which they plunged 38%, after Jefferies analyst Hamzah Mazari said his checks suggest that CarMax Inc. and AutoNation Inc. could be interested in the bankrupt car r…
June 19, 2020
Stocks making the biggest moves midday: Slack, CarMax, Spotify & more
Names on the move ahead of the open.
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.
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