Market Summary
USD78.90-2.52
Market Closed-3.10%
KMX Stock Price
KMX RSI Chart
KMX Valuation
KMX Price/Sales (Trailing)
KMX Profitability
KMX Fundamentals
KMX Revenue
KMX Earnings
Price Action
52 Week Range
52.1087.50
(Low)(High)
Last 7 days
1.1%
Last 30 days
0.6%
Last 90 days
4.0%
Trailing 12 Months
-0.9%
KMX Financial Health
KMX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for KMX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-20 | Daniels Jon G | acquired | 454,372 | 58.38 | 7,783 | svp, caf |
2023-07-20 | Daniels Jon G | sold | -663,501 | 85.25 | -7,783 | svp, caf |
2023-07-12 | Newberry Darren C | sold | -812,368 | 84.56 | -9,607 | svp |
2023-07-12 | Newberry Darren C | acquired | 368,396 | 58.9056 | 6,254 | svp |
2023-07-12 | Lyski James | sold | -5,675,160 | 84.27 | -67,345 | evp & chief marketing officer |
2023-07-12 | Lyski James | acquired | 3,931,600 | 58.38 | 67,345 | evp & chief marketing officer |
2023-07-11 | Daniels Jon G | acquired | 583,800 | 58.38 | 10,000 | svp, caf |
2023-07-11 | Daniels Jon G | sold | -1,330,530 | 84.5856 | -15,730 | svp, caf |
2023-07-03 | Nash William D | acquired | 9,768,840 | 57.2462 | 170,646 | president & ceo |
2023-07-03 | Nash William D | sold | -14,090,500 | 82.5715 | -170,646 | president & ceo |
Which funds bought or sold KMX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | added | 17.92 | 3,649 | 10,463 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 60,683 | 60,683 | -% |
2023-08-25 | EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC | added | 13.66 | 7,736,000 | 23,854,000 | 3.29% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 72,981 | 314,545 | 0.02% |
2023-08-24 | ProVise Management Group, LLC | added | 26.05 | 1,460,130 | 3,737,120 | 0.34% |
2023-08-24 | Alberta Investment Management Corp | new | - | 259,470 | 259,470 | -% |
2023-08-22 | COMERICA BANK | new | - | 117,000 | 117,000 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.61 | 1,673,000 | 7,365,000 | 0.07% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 5.3 | 2,246,520 | 8,312,130 | 0.01% |
2023-08-21 | BOKF, NA | unchanged | - | 114,772 | 494,667 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Carmax
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 15, 2023 | principal global investors | 6.34% | 10,022,302 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 5.1% | 7,997,343 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 11.28% | 17,821,225 | SC 13G/A | |
| Feb 01, 2023 | blackrock inc. | 6.6% | 10,449,547 | SC 13G/A | |
| Feb 15, 2022 | principal global investors | 5.33% | 8,631,463 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 10.74% | 17,386,633 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 6.3% | 10,200,300 | SC 13G/A | |
| Nov 08, 2021 | primecap management co/ca/ | 4.49% | 7,278,317 | SC 13G/A | |
| Feb 16, 2021 | principal global investors | 5.64% | 9,174,243 | SC 13G | |
| Feb 12, 2021 | primecap management co/ca/ | 5.26% | 8,582,253 | SC 13G/A |
Recent SEC filings of Carmax
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Jul 24, 2023 | 4 | Insider Trading | |
| Jul 19, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 13, 2023 | 4 | Insider Trading | |
| Jul 13, 2023 | 4 | Insider Trading | |
| Jul 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 12, 2023 | 4 | Insider Trading | |
| Jul 11, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 4 | Insider Trading |
KMX Fair Value
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Peers (Alternatives to Carmax)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
HD | 307.1B | 154.9B | -4.07% | 14.89% | 18.92 | 1.98 | -0.23% | -3.86% |
ORLY | 56.0B | 15.2B | 0.04% | 34.91% | 24.78 | 3.68 | 10.79% | 5.71% |
AZO | 46.5B | 17.1B | 5.45% | 21.20% | 18.81 | 2.72 | 8.20% | 2.84% |
KMX | 12.5B | 28.1B | 0.64% | -0.94% | 27.09 | 0.44 | -16.27% | -52.34% |
| MID-CAP | ||||||||
PAG | 10.9B | 28.7B | -3.50% | 57.78% | 8.84 | 0.38 | 7.74% | -12.15% |
LAD | 8.3B | 29.3B | 0.55% | 31.58% | 7.54 | 0.28 | 10.99% | -13.31% |
MUSA | 7.4B | 22.2B | 9.11% | 22.16% | 12.85 | 0.33 | 4.57% | 5.07% |
AN | 6.8B | 26.7B | -4.12% | 43.37% | 5.65 | 0.25 | 0.26% | -19.30% |
ABG | 4.7B | 14.9B | 3.04% | 47.98% | 5.06 | 0.32 | 8.81% | 19.77% |
AAP | 3.5B | 11.2B | -11.85% | -62.91% | 10.02 | 0.31 | 1.42% | -28.99% |
| SMALL-CAP | ||||||||
TA | 1.3B | 10.8B | -0.81% | 138.96% | 9.18 | 0.12 | 33.09% | 75.40% |
CWH | 903.1M | 6.5B | -20.59% | -25.67% | 6.59 | 0.13 | -8.44% | -86.10% |
CRMT | 556.1M | 1.4B | -17.00% | 25.79% | 27.22 | 0.4 | 17.56% | -78.50% |
LAZY | 97.4M | 1.2B | -38.60% | -50.21% | 10.2 | 0.08 | -15.08% | -91.16% |
Carmax News
Returns for KMX
Cumulative Returns on KMX
4.8%
10-Year Cumulative Returns
5.9%
7-Year Cumulative Returns
0.8%
5-Year Cumulative Returns
-7.6%
3-Year Cumulative Returns
Risks for KMX
What is the probability of a big loss on KMX?
72.7%
Probability that Carmax stock will be more than 20% underwater in next one year
53.1%
Probability that Carmax stock will be more than 30% underwater in next one year.
46.1%
Probability that Carmax stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does KMX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Carmax was unfortunately bought at previous high price.
Drawdowns
Financials for Carmax
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -5.5% | 28,060 | 29,685 | 31,649 | 33,671 | 33,514 | 31,900 | 29,378 | 26,035 | 23,419 | 18,950 | 18,748 | 18,353 | 18,182 | 20,320 | 19,676 | 19,182 | 18,747 | 18,173 | 17,939 | 17,750 | 17,370 |
| Cost Of Revenue | -5.8% | 25,318 | 26,885 | 28,749 | 30,511 | 30,276 | 28,613 | 26,160 | 23,022 | 20,470 | 16,571 | 16,338 | 15,961 | 15,848 | 17,598 | 17,027 | 16,577 | 16,185 | 15,693 | 15,521 | 15,362 | 15,029 |
| Gross Profit | -2.1% | 2,742 | 2,800 | 2,900 | 3,160 | 3,238 | 3,288 | 3,218 | 3,013 | 2,949 | 2,379 | 2,411 | 2,393 | 2,334 | 2,722 | 2,649 | 2,604 | 2,562 | 2,481 | 2,418 | 2,388 | 2,341 |
| S&GA Expenses | -3.9% | 2,390 | 2,487 | 2,535 | 2,520 | 2,428 | 2,325 | 2,211 | 2,066 | 1,934 | 1,704 | 1,682 | 1,736 | 1,775 | 1,940 | 1,884 | 1,809 | 1,782 | 1,730 | 1,710 | 1,700 | 1,652 |
| EBITDA | -100.0% | - | 986 | 1,100 | 1,397 | 1,582 | 1,798 | 1,847 | 1,791 | 1,819 | 1,294 | 1,271 | 1,197 | 1,116 | 1,460 | 1,427 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.03* | 0.03* | 0.04* | 0.05* | 0.06* | 0.06* | 0.07* | 0.08* | 0.07* | 0.07* | 0.07* | 0.06* | 0.07* | 0.07* | - | - | - | - | - | - |
| Interest Expenses | 1.4% | 122 | 120 | 119 | 113 | 102 | 94.00 | 88.00 | 83.00 | 83.00 | 86.00 | 88.00 | 91.00 | 89.00 | 83.00 | 82.00 | 79.00 | 76.00 | 76.00 | 74.00 | 73.00 | 72.00 |
| Earnings Before Taxes | -4.6% | 607 | 637 | 755 | 1,061 | 1,262 | 1,492 | 1,553 | 1,508 | 1,528 | 965 | 980 | 897 | 814 | 1,161 | 1,140 | 1,160 | 1,144 | 1,113 | 1,067 | 1,044 | 1,045 |
| EBT Margin | -100.0% | - | 0.02* | 0.02* | 0.03* | 0.04* | 0.05* | 0.05* | 0.06* | 0.07* | 0.05* | 0.05* | 0.05* | 0.04* | 0.06* | 0.06* | - | - | - | - | - | - |
| Net Income | -4.9% | 461 | 485 | 576 | 807 | 967 | 1,151 | 1,201 | 1,167 | 1,179 | 747 | 752 | 690 | 627 | 888 | 866 | 883 | 871 | 842 | 772 | 731 | 691 |
| Net Income Margin | -100.0% | - | 0.02* | 0.02* | 0.02* | 0.03* | 0.04* | 0.04* | 0.04* | 0.05* | 0.04* | 0.04* | 0.04* | 0.03* | 0.04* | 0.04* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 861 | 794 | -1,059 | -2,250 | -2,857 | -2,550 | -1,817 | -854 | 503 | 543 | 526 | 654 | -568 | -380 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 3.0% | 26,962 | 26,183 | 25,939 | 26,471 | 26,339 | 26,338 | 25,575 | 24,453 | 22,833 | 21,542 | 20,933 | 21,246 | 19,973 | 21,082 | 20,487 | 20,140 | 19,714 | 18,718 | 18,397 | 18,177 | 17,756 |
| Current Assets | 6.4% | 5,364 | 5,041 | 4,984 | 5,872 | 6,118 | 6,549 | 5,955 | 5,371 | 4,691 | 4,117 | 3,737 | 4,328 | 3,284 | 3,664 | 3,450 | 3,385 | 3,284 | 3,214 | 3,057 | 3,022 | 2,957 |
| Cash Equivalents | -16.0% | 264 | 315 | 689 | 57.00 | 95.00 | 804 | 63.00 | 58.00 | 378 | 132 | 237 | 712 | 658 | 656 | 57.00 | 41.00 | 42.00 | 595 | 35.00 | 37.00 | 76.00 |
| Inventory | 9.5% | 4,081 | 3,726 | 3,415 | 4,672 | 4,691 | 5,125 | 4,659 | 4,105 | 3,249 | 3,157 | 2,780 | 2,825 | 1,899 | 2,846 | 2,683 | 2,605 | 2,551 | 2,519 | 2,425 | 2,357 | 2,260 |
| Net PPE | 2.0% | 3,499 | 3,431 | 3,375 | 3,313 | 3,259 | 3,209 | 3,176 | 3,129 | 3,076 | 3,056 | 3,043 | 3,045 | 3,065 | 3,069 | 3,037 | 2,981 | 2,927 | 2,828 | 2,800 | 2,767 | 2,714 |
| Goodwill | 0% | 141 | 141 | 141 | 141 | 141 | 141 | 141 | 150 | 141 | 1.00 | - | - | - | - | - | - | - | - | - | - | - |
| Liabilities | 2.8% | 21,139 | 20,570 | 20,451 | 21,056 | 20,938 | 21,103 | 20,465 | 19,538 | 18,129 | 17,177 | 16,804 | 17,264 | 16,394 | 17,313 | 16,789 | 16,529 | 16,262 | 15,361 | 14,962 | 14,694 | 14,372 |
| Current Liabilities | 9.1% | 2,114 | 1,938 | 1,937 | 2,132 | 2,252 | 2,047 | 2,057 | 1,959 | 2,093 | 1,699 | 1,438 | 1,599 | 1,151 | 1,535 | 1,421 | 1,397 | 1,485 | 1,312 | 1,225 | 1,283 | 1,288 |
| LT Debt, Current | -89.0% | 12.00 | 112 | 113 | 113 | 112 | 11.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 9.00 | 9.00 | 11.00 | 14.00 | 10.00 | - | - | - |
| Shareholder's Equity | 3.7% | 5,823 | 5,613 | 5,488 | 5,414 | 5,401 | 5,235 | 5,110 | 4,915 | 4,703 | 4,365 | 4,128 | 3,983 | 3,578 | 3,769 | 3,698 | 3,612 | 3,453 | 3,357 | 3,435 | 3,482 | 3,384 |
| Retained Earnings | 6.1% | 3,951 | 3,723 | 3,654 | 3,619 | 3,637 | 3,524 | 3,456 | 3,293 | 3,210 | 2,888 | 2,738 | 2,601 | 2,304 | 2,488 | 2,377 | 2,307 | 2,190 | 2,104 | 2,147 | 2,183 | 2,116 |
| Additional Paid-In Capital | 1.1% | 1,731 | 1,713 | 1,697 | 1,684 | 1,678 | 1,677 | 1,673 | 1,653 | 1,528 | 1,514 | 1,462 | 1,460 | 1,358 | 1,349 | 1,322 | 1,313 | 1,262 | 1,237 | 1,256 | 1,266 | 1,235 |
| Accumulated Depreciation | 3.6% | 1,672 | 1,615 | 1,585 | 1,545 | 1,494 | 1,438 | 1,542 | 1,498 | 1,452 | 1,414 | 1,386 | 1,342 | 1,299 | 1,267 | 1,239 | 1,199 | 1,173 | 1,297 | 1,263 | 1,230 | - |
| Shares Outstanding | 0.1% | 158 | 158 | 158 | 158 | 160 | 161 | 162 | 163 | 163 | 163 | 164 | 163 | 163 | 163 | 164 | 165 | 166 | 167 | 174 | 176 | 178 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -55.8% | 567 | 1,283 | 1,195 | -684 | -1,906 | -2,549 | -2,283 | -1,607 | -693 | 668 | 750 | 779 | 970 | -236 | -69.56 | -73.37 | -24.68 | 163 | 227 | -50.76 | -41.19 |
| Share Based Compensation | 16.3% | 100 | 86.00 | 65.00 | 83.00 | 91.00 | 109 | 157 | 132 | 138 | 122 | 85.00 | 103 | 89.00 | 109 | 112 | 90.00 | 91.00 | 75.00 | 71.00 | 80.00 | 72.00 |
| Cashflow From Investing | -8.9% | -463 | -425 | -409 | -350 | -559 | -523 | -438 | -416 | -126 | -128 | -254 | -302 | -368 | -389 | -318 | -312 | -310 | -308 | -315 | -320 | -306 |
| Cashflow From Financing | 107.2% | 51.00 | -710 | -230 | 1,013 | 2,175 | 3,105 | 2,618 | 1,431 | 631 | -424 | -256 | 254 | 26.00 | 687 | 448 | 424 | 347 | 186 | 132 | 430 | 413 |
| Buy Backs | -49.2% | 170 | 334 | 429 | 542 | 599 | 576 | 531 | 525 | 305 | 230 | 259 | 265 | 393 | 568 | 720 | 859 | 902 | 905 | 758 | 613 | 600 |
KMX Income Statement
2023-05-31Consolidated Statements Of Earnings - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
May 31, 2023 | May 31, 2022 | |
| SALES AND OPERATING REVENUES: | ||
| NET SALES AND OPERATING REVENUES | $ 7,687,063 | $ 9,311,621 |
| TOTAL COST OF SALES | 6,869,673 | 8,436,230 |
| GROSS PROFIT | 817,390 | 875,391 |
| CARMAX AUTO FINANCE INCOME | 137,358 | 204,473 |
| Selling, general and administrative expenses | 559,837 | 656,740 |
| Depreciation, Depletion and Amortization, Nonproduction | 58,419 | 55,648 |
| Interest expense | 30,466 | 28,775 |
| Other (income) expense | (1,214) | 2,099 |
| Earnings before income taxes | 307,240 | 336,602 |
| Income tax provision | 78,942 | 84,337 |
| NET EARNINGS | $ 228,298 | $ 252,265 |
| WEIGHTED AVERAGE COMMON SHARES: | ||
| Basic, shares | 158,116 | 160,298 |
| Diluted, shares | 158,561 | 161,798 |
| NET EARNINGS PER SHARE: | ||
| Basic (in dollars per share) | $ 1.44 | $ 1.57 |
| Diluted (in dollars per share) | $ 1.44 | $ 1.56 |
| Used vehicle sales | ||
| SALES AND OPERATING REVENUES: | ||
| NET SALES AND OPERATING REVENUES | $ 6,001,471 | $ 7,014,490 |
| TOTAL COST OF SALES | 5,486,846 | 6,451,010 |
| Wholesale vehicle sales | ||
| SALES AND OPERATING REVENUES: | ||
| NET SALES AND OPERATING REVENUES | 1,514,363 | 2,116,517 |
| TOTAL COST OF SALES | 1,346,538 | 1,924,850 |
| Total other sales and revenues | ||
| SALES AND OPERATING REVENUES: | ||
| NET SALES AND OPERATING REVENUES | 171,229 | 180,614 |
| TOTAL COST OF SALES | $ 36,289 | $ 60,370 |
| NET SALES AND OPERATING REVENUES | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 100.00% | 100.00% |
| TOTAL COST OF SALES | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 89.40% | 90.60% |
| GROSS PROFIT | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 10.60% | 9.40% |
| CARMAX AUTO FINANCE INCOME | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 1.80% | 2.20% |
| Selling, general and administrative expenses | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 7.30% | 7.10% |
| Depreciation and Amortization, Nonproduction | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 0.80% | 0.60% |
| Interest expense | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 0.40% | 0.30% |
| Other (income) expense | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 0.00% | 0.00% |
| Earnings before income taxes | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 4.00% | 3.60% |
| Income tax provision | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 1.00% | 0.90% |
| NET EARNINGS | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 3.00% | 2.70% |
| NET SALES AND OPERATING REVENUES | Used vehicle sales | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 78.10% | 75.30% |
| NET SALES AND OPERATING REVENUES | Wholesale vehicle sales | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 19.70% | 22.70% |
| NET SALES AND OPERATING REVENUES | Total other sales and revenues | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 2.20% | 1.90% |
| TOTAL COST OF SALES | Used vehicle sales | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 71.40% | 69.30% |
| TOTAL COST OF SALES | Wholesale vehicle sales | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 17.50% | 20.70% |
| TOTAL COST OF SALES | Total other sales and revenues | ||
| Percentage of Sales | ||
| Item as a percent of net sales and operating revenues | 0.50% | 0.60% |
KMX Balance Sheet
2023-05-31Consolidated Balance Sheets - USD ($) $ in Thousands | May 31, 2023 | Feb. 28, 2023 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $ 264,247 | $ 314,758 |
| Restricted cash from collections on auto loans receivable | 506,465 | 470,889 |
| Accounts receivable, net | 321,994 | 298,783 |
| Inventory | 4,081,220 | 3,726,142 |
| Other current assets | 189,742 | 230,795 |
| TOTAL CURRENT ASSETS | 5,363,668 | 5,041,367 |
| Auto loans receivable, net of allowance for loan losses of $535,412 and $507,201 as of May 31, 2023 and February 28, 2023, respectively | 16,744,865 | 16,341,791 |
| Property and equipment, net of accumulated depreciation of $1,672,387 and $1,614,924 as of May 31, 2023 and February 28, 2023, respectively | 3,499,384 | 3,430,914 |
| Deferred Income Tax Assets, Net | 99,770 | 80,740 |
| Operating lease assets | 541,908 | 545,677 |
| Goodwill | 141,258 | 141,258 |
| Other assets | 571,503 | 600,989 |
| TOTAL ASSETS | 26,962,356 | 26,182,736 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 967,420 | 826,592 |
| Accrued expenses and other current liabilities | 528,596 | 478,964 |
| Accrued income taxes | 49,191 | 0 |
| Current portion of operating lease liabilities | 55,126 | 53,287 |
| Current portion of long-term debt | 12,305 | 111,859 |
| Current portion of non-recourse notes payable | 501,333 | 467,609 |
| TOTAL CURRENT LIABILITIES | 2,113,971 | 1,938,311 |
| Long-term debt, excluding current portion | 1,906,496 | 1,909,361 |
| Non-recourse notes payable, excluding current portion | 16,252,958 | 15,865,776 |
| Operating lease liabilities, excluding current portion | 519,184 | 523,828 |
| Other liabilities | 346,579 | 332,383 |
| TOTAL LIABILITIES | 21,139,188 | 20,569,659 |
| Commitments and contingent liabilities | ||
| SHAREHOLDERS’ EQUITY: | ||
| Common stock, $0.50 par value; 350,000,000 shares authorized; 158,208,623 and 158,079,033 shares issued and outstanding as of May 31, 2023 and February 28, 2023, respectively | 79,105 | 79,040 |
| Capital in excess of par value | 1,731,341 | 1,713,074 |
| Accumulated other comprehensive income | 61,330 | 97,869 |
| Retained earnings | 3,951,392 | 3,723,094 |
| TOTAL SHAREHOLDERS’ EQUITY | 5,823,168 | 5,613,077 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 26,962,356 | $ 26,182,736 |
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.