CarMax

  • Customers1 MFY, 2020
  • Revenue$31.9 BFY, 2022
  • Market Capitalization$15.9 B2022-06-24

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, USMap
Websitecarmax.com
Employee Ratings3.8
Overall CultureA-More
View Jobs (1,765)

Recent NewsAll News

Latest Updates

Employees (est.) (Feb 2022)26,213(+23%)
Job Openings1,765
Revenue (FY, 2022)$31.9 B(+69%)
Share Price (Jun 2022)$98.4(+8%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at CarMax

Bill Nash

Bill Nash

President and Chief Executive Officer
Jim Lyski

Jim Lyski

EVP, Chief Marketing Officer
Diane Cafritz

Diane Cafritz

EVP, General Counsel, Chief Compliance Officer & Chief Human Resources Officer
Jon Daniels

Jon Daniels

SVP, CarMax Auto Finance
Enrique Mayor-Mora

Enrique Mayor-Mora

SVP, CFO
Shamim Mohammad

Shamim Mohammad

SVP, Chief Information and Technology Officer
Show more

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

Embed Graph
View revenue for all periods
CarMax's revenue was reported to be $31.9 b in FY, 2022
USD

Revenue (FY, 2022)

31.9b

Gross profit (FY, 2022)

3.3b

Gross profit margin (FY, 2022), %

10.3%

Net income (FY, 2022)

1.2b

Market capitalization (24-Jun-2022)

15.9b

Closing stock price (24-Jun-2022)

98.4

Cash (28-Feb-2022)

102.7m
CarMax's current market capitalization is $15.9 b.
Annual
USDFY, 2020FY, 2021FY, 2022

Revenue

20.3b19.0b31.9b

Revenue growth, %

12%

Cost of goods sold

17.6b16.6b28.6b

Gross profit

2.7b2.4b3.3b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

5.4b5.2b4.8b3.2b5.4b5.2b7.7b8.0b8.5b

Cost of goods sold

4.6b4.5b4.2b2.9b4.6b4.6b6.8b7.2b7.7b

Gross profit

742.4m693.5m613.6m354.2m752.1m631.4m924.5m815.5m836.6m

Gross profit Margin, %

14%13%13%11%14%12%12%10%10%
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Cash

44.5m46.9m58.2m132.3m102.7m

Accounts Receivable

133.3m139.9m191.1m239.1m561.0m

Inventories

2.4b2.5b2.8b3.2b5.1b

Current Assets

3.1b3.2b3.7b4.1b6.5b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q3, 2022

Cash

76.3m37.1m35.0m42.2m40.7m56.6m658.0m711.6m236.6m62.6m

Accounts Receivable

101.4m104.9m111.2m133.9m141.1m142.7m145.0m203.2m169.0m563.1m

Inventories

2.3b2.4b2.4b2.6b2.6b2.7b1.9b2.8b2.8b4.7b

Current Assets

3.0b3.0b3.1b3.3b3.4b3.5b3.3b4.3b3.7b6.0b
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021FY, 2022

Net Income

664.1m842.4m888.4m746.9m1.2b

Depreciation and Amortization

179.9m182.2m215.8m242.2m273.2m

Inventories

(130.1m)(128.8m)(327.0m)(323.3m)(2.0b)

Accounts Payable

38.3m86.4m85.4m106.8m175.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q3, 2022

Net Income

238.7m459.5m649.9m266.7m500.3m673.5m5.0m301.7m537.0m436.8m991.5m

Depreciation and Amortization

45.3m90.3m135.6m51.5m103.5m158.2m58.3m119.0m180.5m62.4m200.8m

Inventories

130.7m33.3m(34.0m)(31.7m)(85.3m)(163.1m)947.0m21.5m66.2m(91.7m)(1.5b)

Accounts Payable

81.7m57.6m22.2m81.9m(26.6m)20.6m(382.1m)24.9m(124.1m)315.8m170.5m
show all
USDFY, 2018

Debt/Equity

4 x

Debt/Assets

0.8 x

Financial Leverage

5.3 x
Show all financial metrics

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

CarMax Acquisitions / Subsidiaries

Company NameDateDeal Size
EdmundsJune 01, 2021$401.8 m
CarMax Auto Superstores
CarMax Auto Superstores California
CarMax Auto Superstores Services
CarMax Auto Superstores West Coast
CarMax Business Services
CarMax Enterprise Services, LLC
Glen Allen Insurance

CarMax Revenue Breakdown

Embed Graph

CarMax revenue breakdown by business segment: 76.6% from Used Vehicle, 21.2% from Wholesale Vehicle and 2.2% from Other

Human Capital Metrics

Source: socialresponsibility.carmax.com
Embed Graph

CarMax Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

Learn more about our premium products
SecurityScorecard logo

CarMax Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
CSRHub logo

CarMax Online and Social Media Presence

CarMax's Trends

Embed Graph

CarMax Company Culture

  • Overall Culture

    A-

    76/100

  • CEO Rating

    A+

    79/100

  • Compensation

    B

    72/100

  • Diversity

    B

    70/100

Learn more on Comparably

CarMax News and Updates

June 24, 2022

Stocks making the biggest moves premarket: CarMax, FedEx, Seagen and more

Names on the move ahead of the open.
June 24, 2022

CarMax earnings beat expectations, as higher prices boosted sales

Shares of CarMax Inc. rose 1.9% in premarket trading Friday, after the used car retailer reported fiscal first-quarter profit that fell but topped expectations, while sales rose above forecasts, boosted by higher car prices. Net income for the quarter to May 31 dropped to $252.3 million, or $1.56 a…
May 03, 2022

1 in 4 People Find Used Car Buying Riskier Than Trying Gas Station Sushi, CarMax Offers Solution

Survey shows strong return policies can ease consumer uncertainty around used car buying Survey shows strong return policies can ease consumer uncertainty around used car buying
April 12, 2022

Thinking about trading options or stock in CarMax, Advanced Micro Devices, MicroStrategy, Hartford Financial Services, or Block?

NEW YORK, April 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KMX, AMD, MSTR, HIG, and SQ. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...
April 12, 2022

CarMax Says Used-Car Sales Hit by Waning Consumer Confidence

CarMax Says Used-Car Sales Hit by Waning Consumer Confidence
April 12, 2022

CarMax shares fall after earnings miss expectations

CarMax shares fall after earnings miss expectations
Show more

 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, Jim Lyski and Diane Cafritz.

  • How many employees does CarMax have?

    CarMax has 26,213 employees.

  • What is CarMax revenue?

    Latest CarMax annual revenue is $31.9 b.

  • What is CarMax revenue per employee?

    Latest CarMax revenue per employee is $1.2 m.

  • 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.