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.
Type
Public
HQ
Richmond, US
Founded
1993
Size (employees)
243,444 (est)+901%
Website
carmax.com
CarMax was founded in 1993 and is headquartered in Richmond, US
Report incorrect company information

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

CarMax Office Locations

CarMax has offices in Plano, Greenville, Sterling, Augusta and in 122 other locations
Richmond, US (HQ)
12800 Tuckahoe Creek Parkway
Show all (127)
Report incorrect company information

CarMax Financials and Metrics

CarMax Financials

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

Revenue (FY, 2018)

17.1 b

Gross profit (FY, 2018)

2.3 b

Gross profit margin (FY, 2018), %

13.6%

Net income (FY, 2018)

664.1 m

Market capitalization (21-May-2018)

11.8 b

Closing share price (21-May-2018)

66.5

Cash (28-Feb-2018)

44.5 m
CarMax's current market capitalization is $11.8 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

13%6%5%

Cost of goods sold

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

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Cash

750 m664.8 m532.2 m354.6 m189.9 m351.7 m100.5 m33.3 m52.6 m316 m23.7 m60.1 m25.8 m

Accounts Receivable

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

Inventories

1.4 b1.6 b1.7 b1.7 b2 b1.8 b1.9 b2.2 b1.9 b1.9 b2.2 b2.1 b2.2 b

Current Assets

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

Net Income

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

Depreciation and Amortization

168.9 m179.9 m

Inventories

(445.5 m)154.8 m(328.5 m)(130.1 m)

Cash From Operating Activities

(968.1 m)(148.9 m)(468.1 m)(80.6 m)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

286.9 m393.4 m169.7 m324.2 m454.2 m182 m354.2 m482.4 m175.4 m337.7 m474.4 m211.7 m393.1 m

Depreciation and Amortization

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

Inventories

153.8 m(38.5 m)(40.4 m)(67.5 m)(323.2 m)242.8 m175.3 m(66.4 m)67 m13.2 m(238.1 m)112.3 m28.8 m

Cash From Operating Activities

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

Revenue/Employee

175.8 k

Financial Leverage

5.3 x
Show all financial metrics

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
Show all operating metrics
Report incorrect company information

CarMax News and Updates

Report incorrect company information