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, VA, US | Map |
| Website | carmax.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Recent NewsAll News
- CarMax to hold curbside hiring events next week to hire 1,800 employees this summer
- CarMax Hiring 1,800 Automotive Service Professionals Nationwide
- CarMax and Dunkin are Doin Donuts for New 24-Hour Test Drive Experience
- CarMax to pay bonuses to more than 80% of its employee for efforts during 'challenging year'
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, VA, 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 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
Annual
Quarterly
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 238.7m | 459.5m | 649.9m | 266.7m | 500.3m | 673.5m | 5.0m | 301.7m | 537.0m |
Depreciation and Amortization | 45.3m | 90.3m | 135.6m | 51.5m | 103.5m | 158.2m | 58.3m | 119.0m | 180.5m |
Inventories | 130.7m | 33.3m | (34.0m) | (31.7m) | (85.3m) | (163.1m) | 947.0m | 21.5m | 66.2m |
Accounts Payable | 81.7m | 57.6m | 22.2m | 81.9m | (26.6m) | 20.6m | (382.1m) | 24.9m | (124.1m) |
| USD | FY, 2018 |
|---|---|
Revenue/Employee | 918.6k |
Debt/Equity | 4 x |
Debt/Assets | 0.8 x |
Financial Leverage | 5.3 x |
CarMax Operating Metrics
CarMax's Customers was reported to be 1 m in FY, 2020.
CarMax Acquisitions / Subsidiaries
| Company Name | Date | Deal 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
CarMax revenue breakdown by business segment: 84.5% from Used Vehicle, 12.3% from Wholesale Vehicle and 3.2% from Other
CarMax Cybersecurity Score
CarMax Environment, Social & Governance (ESG) Ratings
CarMax Online and Social Media Presence
36.79k Twitter followers
CarMax has 36.79k Twitter Followers. The number of followers has decreased 0.8% month over month and decreased 0.7% quarter over quarter
CarMax's Trends
Twitter Engagement Stats for @CarMax
38.9k
Tweets
6k
Following
36.8k
Followers
203
Tweets last 30 days
0.3
Avg. likes per Tweet
19.2%
Tweets with engagement
CarMax Company Culture
Overall Culture
A-
74/100
CEO Rating
A-
74/100
Compensation
C+
66/100
Diversity
B-
68/100
CarMax News and Updates
June 02, 2021
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 …
June 02, 2021
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
April 12, 2021
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
March 03, 2021
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…
January 12, 2021
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
December 29, 2020
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.
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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