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.

Employee Rating

3.5More
TypePublic
HQRichmond, US
Founded1993
Size (employees)25,000 (est)
Websitecarmax.com
CarMax was founded in 1993 and is headquartered in Richmond, US
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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 Plano, Greenville, Sterling, Augusta and in 122 other locations
Richmond, US (HQ)
12800 Tuckahoe Creek Parkway
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CarMax Financials and Metrics

CarMax Revenue

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CarMax's revenue was reported to be $17.12 b in FY, 2018
USD

Revenue (Q2, 2019)

4.8b

Gross profit (Q2, 2019)

650.6m

Gross profit margin (Q2, 2019), %

13.7%

Net income (Q2, 2019)

220.9m

Market capitalization (9-Nov-2018)

11.5b

Closing stock price (9-Nov-2018)

65.7

Cash (31-Aug-2018)

37.1m
CarMax's current market capitalization is $11.5 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

12.6b14.3b15.1b15.9b17.1b

Revenue growth, %

13%6%5%

Cost of goods sold

10.9b12.4b13.1b13.7b14.8b

Gross profit

1.6b1.9b2.0b2.2b2.3b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

3.2b2.9b3.8b3.6b3.4b4.0b3.9b3.5b4.1b4.0b3.7b4.5b4.4b4.1b4.8b4.8b

Cost of goods sold

2.8b2.6b3.2b3.1b3.0b3.5b3.4b3.1b3.6b3.5b3.2b3.9b3.8b3.6b4.1b4.1b

Gross profit

434.7m381.7m501.7m463.3m446.6m543.8m521.4m464.3m572.6m545.4m503.1m648.9m604.0m539.2m661.3m650.6m

Gross profit Margin, %

13%13%13%13%13%14%13%13%14%14%14%14%14%13%14%14%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

627.9m27.6m37.4m38.4m44.5m

Accounts Receivable

79.9m137.7m132.2m152.4m133.3m

Inventories

1.6b2.1b1.9b2.3b2.4b

Current Assets

2.6b2.6b2.5b2.9b3.1b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

750.0m664.8m532.2m354.6m189.9m351.7m100.5m33.3m52.6m316.0m23.7m60.1m25.8m26.3m76.3m37.1m

Accounts Receivable

85.5m68.0m97.8m108.9m88.2m103.7m100.8m88.5m102.5m94.6m92.0m104.7m99.7m95.8m101.4m104.9m

Inventories

1.4b1.6b1.7b1.7b2.0b1.8b1.9b2.2b1.9b1.9b2.2b2.1b2.2b2.4b2.3b2.4b

Current Assets

2.5b2.6b2.6b2.5b2.6b2.7b2.5b2.6b2.4b2.8b2.7b2.7b2.8b3.0b3.0b3.0b
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

99.2m597.4m623.4m627.0m664.1m

Depreciation and Amortization

168.9m179.9m

Inventories

(445.4m)154.8m(328.5m)(130.1m)

Cash From Operating Activities

(968.1m)(148.9m)(468.1m)(80.5m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

286.9m393.4m169.7m324.2m454.2m182.0m354.2m482.4m175.4m337.7m474.4m211.7m393.1m542.0m238.7m459.5m

Depreciation and Amortization

49.2m74.0m27.3m55.8m85.0m32.1m65.2m100.5m40.8m83.0m125.7m43.9m88.1m133.2m45.3m90.3m

Inventories

153.8m(38.5m)(40.4m)(67.5m)(323.2m)242.8m175.3m(66.4m)67.0m13.2m(238.1m)112.3m28.8m(180.0m)130.7m33.3m

Cash From Operating Activities

(263.6m)(493.1m)(209.1m)(436.6m)(784.6m)117.6m(84.7m)(381.6m)85.4m(39.8m)(343.1m)191.5m81.1m(193.1m)230.8m110.9m
USDY, 2018

Financial Leverage

5.2 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

Stores

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 Life and Culture

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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 25,000 employees.

  • What is CarMax revenue?

    Latest CarMax annual revenue is $17.1 b.

  • What is CarMax revenue per employee?

    Latest CarMax revenue per employee is $684.8 k.

  • Who are CarMax competitors?

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

  • Where is CarMax headquarters?

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

  • Where are CarMax offices?

    CarMax has offices in Plano, Greenville, Sterling, Augusta and in 122 other locations.

  • How many offices does CarMax have?

    CarMax has 127 offices.