CarMax Inc
Description
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.
About
CEO
Mr. William D. Nash CPA
Employees
30,000
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Auto & Truck Dealerships
MIC code
XNYS
Address
12800 Tuckahoe Creek Parkway, Richmond, VA 23238, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Dec 17, 2025 | — | — | — | — |
| Sep 24, 2025 | — | — | — | — |
| Jun 19, 2025 | — | — | — | — |
| Apr 9, 2025 | — | — | — | — |
| Dec 19, 2024 | 0.61 | 0.81 | 0.20 | 32.79% |
Earnings estimate
|
Current Quarter
(Feb 2025)
|
Next Quarter
(May 2025)
|
Current Year
(Feb 2025)
|
Next Year
(Feb 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 13 | 9 | 14 | 16 |
| Average estimate | 0.64 | 1.24 | 3.26 | 3.88 |
| Low estimate | 0.52 | 1.09 | 3.15 | 3.51 |
| High estimate | 0.70 | 1.36 | 3.33 | 4.62 |
| Last year EPS | 0.32 | 0.97 | 3.02 | 3.26 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Feb 2025)
95.670%
Next qtr. (May 2025)
28.060%
Current year (Feb 2025)
6.110%
Next year (Feb 2026)
20.640%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-02-29 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-29 |
| Total reported revenue | 26.54B | 29.68B | 31.90B | 18.95B | 20.32B |
| Cost of revenue | 23.82B | 26.88B | 28.61B | 16.57B | 17.60B |
| Gross profit | 2.71B | 2.80B | 3.29B | 2.38B | 2.72B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 2.35B | 2.55B | 2.38B | 1.75B | 1.79B |
| Other operating expenses | 310.50M | 317.00M | 141.70M | 160.70M | 185.70M |
| Operating income | -205.72M | -310.95M | 551.59M | 272.87M | 553.54M |
| Non operating interest income | |||||
| Income | 1.68B | 1.44B | 1.30B | 1.14B | 1.10B |
| Expense | 763.45M | 430.70M | 322.90M | 400.28M | 441.11M |
| Other income expense | 10.27M | 9.40M | 34.57M | 8.28M | 5.69M |
| Pretax income | 641.60M | 636.80M | 1.49B | 965.26M | 1.16B |
| Tax provision | 162.39M | 152.04M | 341.05M | 218.34M | 272.55M |
| Net income | 479.20M | 484.76M | 1.15B | 746.92M | 888.43M |
| Basic EPS | 3.03 | 3.05 | 7.09 | 4.58 | 5.39 |
| Diluted EPS | 3.02 | 3.03 | 6.97 | 4.52 | 5.33 |
| Basic average shares | 158.22M | 158.80M | 162.41M | 163.18M | 164.84M |
| Diluted average shares | 158.22M | 158.80M | 162.41M | 163.18M | 164.84M |
| EBITDA | 1.67B | 1.33B | 2.09B | 1.61B | 1.82B |
| Net income from continuing op. | 479.20M | 484.76M | 1.15B | 746.92M | 888.43M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-02-29 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-29 |
| Total assets | 27.20B | 26.18B | 26.34B | 21.54B | 21.08B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 574.14M | 314.76M | 102.72M | 132.32M | 58.21M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 221.15M | 298.78M | 560.98M | 239.07M | 191.09M |
| Other receivables | — | — | — | — | — |
| Inventory | 3.68B | 3.73B | 5.12B | 3.16B | 2.85B |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | 506.65M | 470.89M | 548.10M | 496.42M | 481.04M |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 246.58M | 230.80M | 212.92M | 91.83M | 86.93M |
| Non current assets | |||||
| Properties | 751.25M | 737.79M | 695.25M | 558.79M | 533.53M |
| Land and improvements | 1.18B | 1.01B | 986.92M | 947.18M | 920.66M |
| Machinery furniture equipment | 972.68M | 874.38M | 767.02M | 755.26M | 715.51M |
| Construction in progress | 117.35M | 156.93M | 113.09M | 155.92M | 171.24M |
| Leases | 361.85M | 356.97M | 331.00M | 291.13M | 278.78M |
| Accumulated depreciation | -1.81B | -1.61B | -1.44B | -1.41B | -1.27B |
| Goodwill | 282.52M | 282.52M | 282.52M | 1.31M | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 630.85M | 681.73M | 611.59M | 447.06M | 348.59M |
| Total liabilities | 21.12B | 20.57B | 21.10B | 17.18B | 17.31B |
| Current liabilities | |||||
| Accounts payable | 933.71M | 826.59M | 937.72M | 799.33M | 737.14M |
| Accrued expenses | 523.97M | 478.96M | 533.27M | 415.47M | 331.74M |
| Short term debt | 854.61M | 632.76M | 576.47M | 483.53M | 464.44M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | 218,000 | 1.39M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 18.46B | 18.30B | 18.70B | 15.04B | 15.38B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 354.90M | 332.38M | 357.08M | 434.84M | 393.87M |
| Shareholders equity | |||||
| Common stock | 78.81M | 79.04M | 80.53M | 81.59M | 81.54M |
| Retained earnings | 4.13B | 3.72B | 3.52B | 2.89B | 2.49B |
| Other shareholders equity | 59.28M | 97.87M | -46.42M | -118.69M | -150.07M |
| Total shareholders equity | 6.07B | 5.61B | 5.24B | 4.36B | 3.77B |
| Additional paid in capital | 1.81B | 1.71B | 1.68B | 1.51B | 1.35B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 479.20M | 484.76M | 1.15B | 746.92M | 888.43M | 842.41M | 664.11M | 626.97M | 623.43M | 597.36M | 492.59M | 434.28M | 413.80M | 377.50M | 281.67M | 59.21M | 182.03M | 198.60M | 134.22M | 101.32M | 116.45M | 94.80M | 90.80M | 45.56M | 1.12M | -23.50M | -34.20M | -9.30M |
| Depreciation | 260.41M | 265.22M | 273.19M | 242.16M | 215.81M | 182.25M | 179.94M | 168.88M | 137.36M | 115.17M | 101.91M | 95.28M | 82.81M | 76.32M | 58.33M | 54.74M | 46.62M | 34.55M | 26.69M | 20.15M | 16.30M | 14.95M | 16.44M | 18.27M | 15.24M | 10.00M | 4.60M | 1.70M |
| Deferred Taxes | -4.80M | -6.55M | 15.00M | -35.79M | -1.10M | 2.30M | 81.01M | 2.32M | 17.24M | -4.30M | -17.19M | 3.86M | -872,000 | 17.49M | 29.76M | -41.50M | -24.41M | -14.17M | -19.09M | -7.25M | -1.30M | 8.88M | 3.16M | 8.76M | 1.23M | 11.30M | -1.90M | 1.70M |
| Stock-Based Compensation | 119.72M | 85.59M | 109.20M | 121.90M | 108.86M | 75.01M | 61.88M | 91.60M | 51.08M | 81.88M | 66.48M | 62.11M | 48.09M | 43.61M | 37.86M | 35.44M | 33.47M | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 9.25M | 4.77M | -19.14M | -1.41M | 3.51M | 2.83M | 1.30M | 4.17M | 13.14M | 3.85M | — | — | — | — | — | — | 33.47M | 36.72M | 21.63M | 18.06M | — | — | — | — | — | — | -100,000 | -100,000 |
| Accounts Receivable | -902.94M | -1.11B | -2.23B | -344.35M | -1.36B | -1.05B | -1.06B | -1.23B | -1.20B | -1.43B | -1.31B | -997.77M | -642.55M | -301.52M | -248.50M | -84.91M | -69.10M | -40.81M | 7.21M | -9.16M | -42.08M | -21.78M | -38.61M | -5.41M | -31.89M | -36.50M | -32.50M | -11.80M |
| Accounts Payable | 118.51M | -197.69M | 175.11M | 106.79M | 85.44M | 86.36M | 38.29M | 74.58M | -23.05M | 51.96M | 117.41M | -575,000 | 43.14M | -8.80M | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -11.57M | 1.34B | -2.28B | -401.40M | -557.93M | -289.75M | -333.77M | -485.77M | -4.46M | -616.84M | -301.21M | -502.36M | -87.31M | -245.65M | -145.07M | 262.07M | -100.90M | -159.95M | -86.44M | -103.44M | 11.15M | -65.72M | -48.73M | -62.73M | -38.64M | -56.90M | -58.00M | -24.40M |
| Operating Cash Flow | 67.79M | 868.18M | -2.81B | 434.82M | -617.14M | -151.75M | -365.40M | -747.26M | -382.34M | -1.20B | -852.12M | -905.17M | -142.90M | -41.06M | 14.05M | 285.05M | 101.17M | 54.94M | 84.23M | 19.68M | 100.52M | 31.13M | 23.07M | 4.45M | -52.95M | -95.60M | -122.10M | -42.20M |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditures | 1.35M | 5.19M | 260,000 | 1.85M | 3,000 | 692,000 | 97,000 | 1.23M | 1.54M | — | — | — | — | — | 447,000 | — | -252.02M | -187.19M | -116.09M | -141.08M | -73.85M | -80.41M | 57.55M | 4.67M | -20.06M | -40.60M | -136.20M | -73.90M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -229.27M | 29.91M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.33M | -34.85M | — | — | — |
| Purchase of Investments | -6.19M | -12.53M | -24.61M | -3.73M | -59.05M | -6.15M | -6.84M | -3.77M | -11.46M | -12.42M | -5.71M | -33.90M | -3.32M | — | -2.20M | -3.99M | -26.67M | -16.77M | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | 3.15M | 4.28M | 38.41M | 8.33M | 1.58M | 1.58M | 1.69M | 730,000 | 324,000 | 655,000 | 466,000 | 30.32M | 52,000 | 4.00M | 2.20M | — | 21.67M | 16.77M | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -1.69M | -3.06M | -215.21M | 36.35M | -57.47M | -3.88M | -28.16M | -43.25M | -63.21M | -50.93M | -26.36M | -19.57M | -46.79M | 4.36M | 1.11M | 30.35M | -255.93M | -187.19M | -116.09M | -141.08M | -73.85M | -80.41M | 57.55M | 3.35M | -54.90M | -40.50M | -88.00M | -122.10M |
| Financing Activities | ||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 12.51B | 17.35B | 22.01B | 12.56B | 18.06B | 15.21B | 14.40B | 12.58B | 11.61B | 8.77B | 6.91B | 5.85B | 5.13B | 3.59B | 606.50M | 789.80M | 972.30M | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -12.14B | -17.73B | -18.39B | -12.88B | -16.91B | -14.16B | -13.47B | -11.14B | -10.17B | -7.25B | -5.53B | -4.69B | -4.47B | -3.54B | -792.98M | -781.97M | -841.12M | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -21.63M | -19.78M | -20.13M | -18.30M | -20.10M | -17.06M | -16.26M | -17.12M | -3.10M | 48.95M | 22.64M | 24.10M | 9.72M | 8.91M | 3.88M | 391,000 | 7.37M | 22.21M | 3.98M | 3.14M | — | — | -1.96M | -263,000 | — | — | -100,000 | 100,000 |
| Financing Cash Flow | 307.79M | -710.18M | 3.10B | -424.06M | 685.89M | 186.02M | 413.45M | 921.91M | 505.34M | 728.58M | 1.13B | 1.04B | 683.10M | 101.81M | -151.29M | -1.75M | 171.01M | 57.62M | 9.21M | 7.45M | 4.01M | -27.83M | -1.96M | -372,000 | 3.46M | 4.00M | 2.30M | 412.40M |
| Other Cash Details | ||||||||||||||||||||||||||||
| End Cash Position | 1.25B | 951.00M | 803.62M | 771.95M | 656.39M | 595.38M | 554.90M | 523.87M | 37.39M | 27.61M | 627.90M | 449.36M | 442.66M | 41.12M | 18.28M | 140.60M | 12.97M | 19.46M | 21.76M | 17.12M | 48.67M | 34.62M | 3.29M | 8.80M | 9.98M | 17.70M | 26.40M | — |
| Income Tax Paid | 164.61M | 152.63M | 373.23M | 247.75M | — | 220.67M | 353.98M | 371.23M | 319.98M | 346.87M | 287.00M | 244.34M | 223.81M | 242.51M | 163.32M | 64.02M | 124.87M | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 123.55M | 122.15M | 91.69M | 86.44M | — | 74.20M | 69.43M | 55.14M | 34.32M | 24.18M | 30.99M | 32.60M | 33.74M | 35.35M | 4.80M | 10.17M | 9.77M | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6.69M | 860.62M | -2.86B | 503.22M | -568.50M | -141.67M | -377.37M | -873.46M | -432.34M | -1.28B | -923.48M | -1.01B | -234.77M | -83.33M | 27.86M | 78.89M | -173.59M | -54.96M | -76.92M | -188.23M | -34.37M | -50.07M | 1.22M | 7.13M | -70.49M | -261.90M | -320.40M | -115.80M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Principal Mid Cap Fund | Oct 31, 2024 | 6,385,650 | 537.35M | 4.15% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 4,918,242 | 413.87M | 3.20% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 4,088,030 | 344.01M | 2.66% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 3,907,128 | 328.78M | 2.54% |
| Janus Henderson Enterprise Fund | Sep 30, 2024 | 3,484,996 | 293.26M | 2.27% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 2,644,821 | 222.56M | 1.72% |
| Diamond Hill Large Cap Fund | Sep 30, 2024 | 2,633,037 | 221.57M | 1.71% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 1,929,621 | 162.38M | 1.25% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 1,928,648 | 162.30M | 1.25% |
| iShares Core S&P 500 ETF | Nov 30, 2024 | 1,764,394 | 148.47M | 1.15% |
Article
CarMax Announces 12 Hiring Events for Automotive Technicians and Service Professionals on February 20
RICHMOND, VA, Feb. 06, 2025 (GLOBE NEWSWIRE) -- CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars, is hosting in-person hiring events for automotive technicians and service professionals in 12 cities across the country on Thursday, February 20 from 10:00 a.m. to 7:00 p.m. local time. CarMax will interview candidates for various positions, including technicians, detailers, painters, supply associates, and more. The company is hiring to fill new and existing positions at CarMax locations nationwide, including roles for the company's future standalone reconditioning and auction center in El Mirage, AZ.
Feb 6, 2025
Article
Fast-paced Momentum Stock CarMax (KMX) Is Still Trading at a Bargain
CarMax (KMX) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Jan 29, 2025
Article
Best Momentum Stocks to Buy for January 23rd
BBCP, BAK and KMX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 23, 2025.
Jan 23, 2025
