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Carmax Inc Stock Research

KMX

78.90USD-2.52(-3.10%)Market Closed
Watchlist

Market Summary

USD78.90-2.52
Market Closed
-3.10%

KMX Stock Price

KMX RSI Chart

KMX Valuation

Market Cap

12.5B

Price/Earnings (Trailing)

27.09

Price/Sales (Trailing)

0.44

EV/EBITDA

12.72

Price/Free Cashflow

121.81

KMX Price/Sales (Trailing)

KMX Profitability

Operating Margin

9.43%

EBT Margin

2.15%

Return on Equity

8.64%

Return on Assets

1.85%

Free Cashflow Yield

0.82%

KMX Fundamentals

KMX Revenue

Revenue (TTM)

28.1B

Revenue Y/Y

-17.45%

Revenue Q/Q

34.33%

KMX Earnings

Earnings (TTM)

460.8M

Earnings Y/Y

-9.5%

Earnings Q/Q

230.81%

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

Current Ratio

2.6

KMX Investor Care

Buy Backs (1Y)

1.30%

Diluted EPS (TTM)

2.9

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for KMX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold KMX recently?

View All Details
Datesorted ascendingFund NameType% 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%

1–10 of 46

Latest Funds Activity

Are funds buying KMX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own KMX
No. of Funds

Schedule 13G FIlings of Carmax

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

Loading...

Peers (Alternatives to Carmax)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
307.1B
154.9B
-4.07% 14.89%
18.92
1.98
-0.23% -3.86%
56.0B
15.2B
0.04% 34.91%
24.78
3.68
10.79% 5.71%
46.5B
17.1B
5.45% 21.20%
18.81
2.72
8.20% 2.84%
12.5B
28.1B
0.64% -0.94%
27.09
0.44
-16.27% -52.34%
MID-CAP
10.9B
28.7B
-3.50% 57.78%
8.84
0.38
7.74% -12.15%
8.3B
29.3B
0.55% 31.58%
7.54
0.28
10.99% -13.31%
7.4B
22.2B
9.11% 22.16%
12.85
0.33
4.57% 5.07%
6.8B
26.7B
-4.12% 43.37%
5.65
0.25
0.26% -19.30%
4.7B
14.9B
3.04% 47.98%
5.06
0.32
8.81% 19.77%
3.5B
11.2B
-11.85% -62.91%
10.02
0.31
1.42% -28.99%
SMALL-CAP
1.3B
10.8B
-0.81% 138.96%
9.18
0.12
33.09% 75.40%
903.1M
6.5B
-20.59% -25.67%
6.59
0.13
-8.44% -86.10%
556.1M
1.4B
-17.00% 25.79%
27.22
0.4
17.56% -78.50%
97.4M
1.2B
-38.60% -50.21%
10.2
0.08
-15.08% -91.16%

Carmax News

Nasdaq
End of September Brings Host of Inflation Data.
Nasdaq,
8 hours ago
Investopedia
Barchart

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)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-5.5%28,06029,68531,64933,67133,51431,90029,37826,03523,41918,95018,74818,35318,18220,32019,67619,18218,74718,17317,93917,75017,370
Cost Of Revenue-5.8%25,31826,88528,74930,51130,27628,61326,16023,02220,47016,57116,33815,96115,84817,59817,02716,57716,18515,69315,52115,36215,029
Gross Profit-2.1%2,7422,8002,9003,1603,2383,2883,2183,0132,9492,3792,4112,3932,3342,7222,6492,6042,5622,4812,4182,3882,341
  S&GA Expenses-3.9%2,3902,4872,5352,5202,4282,3252,2112,0661,9341,7041,6821,7361,7751,9401,8841,8091,7821,7301,7101,7001,652
EBITDA-100.0%-9861,1001,3971,5821,7981,8471,7911,8191,2941,2711,1971,1161,4601,427------
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 Expenses1.4%12212011911310294.0088.0083.0083.0086.0088.0091.0089.0083.0082.0079.0076.0076.0074.0073.0072.00
Earnings Before Taxes-4.6%6076377551,0611,2621,4921,5531,5081,5289659808978141,1611,1401,1601,1441,1131,0671,0441,045
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%4614855768079671,1511,2011,1671,179747752690627888866883871842772731691
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%-861794-1,059-2,250-2,857-2,550-1,817-854503543526654-568-380------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets3.0%26,96226,18325,93926,47126,33926,33825,57524,45322,83321,54220,93321,24619,97321,08220,48720,14019,71418,71818,39718,17717,756
  Current Assets6.4%5,3645,0414,9845,8726,1186,5495,9555,3714,6914,1173,7374,3283,2843,6643,4503,3853,2843,2143,0573,0222,957
    Cash Equivalents-16.0%26431568957.0095.0080463.0058.0037813223771265865657.0041.0042.0059535.0037.0076.00
  Inventory9.5%4,0813,7263,4154,6724,6915,1254,6594,1053,2493,1572,7802,8251,8992,8462,6832,6052,5512,5192,4252,3572,260
  Net PPE2.0%3,4993,4313,3753,3133,2593,2093,1763,1293,0763,0563,0433,0453,0653,0693,0372,9812,9272,8282,8002,7672,714
  Goodwill0%1411411411411411411411501411.00-----------
Liabilities2.8%21,13920,57020,45121,05620,93821,10320,46519,53818,12917,17716,80417,26416,39417,31316,78916,52916,26215,36114,96214,69414,372
  Current Liabilities9.1%2,1141,9381,9372,1322,2522,0472,0571,9592,0931,6991,4381,5991,1511,5351,4211,3971,4851,3121,2251,2831,288
    LT Debt, Current-89.0%12.0011211311311211.0011.0011.0010.0010.0010.0010.0010.009.009.0011.0014.0010.00---
Shareholder's Equity3.7%5,8235,6135,4885,4145,4015,2355,1104,9154,7034,3654,1283,9833,5783,7693,6983,6123,4533,3573,4353,4823,384
  Retained Earnings6.1%3,9513,7233,6543,6193,6373,5243,4563,2933,2102,8882,7382,6012,3042,4882,3772,3072,1902,1042,1472,1832,116
  Additional Paid-In Capital1.1%1,7311,7131,6971,6841,6781,6771,6731,6531,5281,5141,4621,4601,3581,3491,3221,3131,2621,2371,2561,2661,235
Accumulated Depreciation3.6%1,6721,6151,5851,5451,4941,4381,5421,4981,4521,4141,3861,3421,2991,2671,2391,1991,1731,2971,2631,230-
Shares Outstanding0.1%158158158158160161162163163163164163163163164165166167174176178
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-55.8%5671,2831,195-684-1,906-2,549-2,283-1,607-693668750779970-236-69.56-73.37-24.68163227-50.76-41.19
  Share Based Compensation16.3%10086.0065.0083.0091.0010915713213812285.0010389.0010911290.0091.0075.0071.0080.0072.00
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 Financing107.2%51.00-710-2301,0132,1753,1052,6181,431631-424-25625426.00687448424347186132430413
  Buy Backs-49.2%170334429542599576531525305230259265393568720859902905758613600

KMX Income Statement

2023-05-31
Consolidated 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 SALES6,869,6738,436,230
GROSS PROFIT 817,390875,391
CARMAX AUTO FINANCE INCOME 137,358204,473
Selling, general and administrative expenses559,837656,740
Depreciation, Depletion and Amortization, Nonproduction58,41955,648
Interest expense30,46628,775
Other (income) expense(1,214)2,099
Earnings before income taxes307,240336,602
Income tax provision78,94284,337
NET EARNINGS $ 228,298$ 252,265
WEIGHTED AVERAGE COMMON SHARES:  
Basic, shares158,116160,298
Diluted, shares158,561161,798
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 SALES5,486,8466,451,010
Wholesale vehicle sales  
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES1,514,3632,116,517
TOTAL COST OF SALES1,346,5381,924,850
Total other sales and revenues  
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES171,229180,614
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 revenues100.00%100.00%
TOTAL COST OF SALES  
Percentage of Sales  
Item as a percent of net sales and operating revenues89.40%90.60%
GROSS PROFIT   
Percentage of Sales  
Item as a percent of net sales and operating revenues10.60%9.40%
CARMAX AUTO FINANCE INCOME   
Percentage of Sales  
Item as a percent of net sales and operating revenues1.80%2.20%
Selling, general and administrative expenses  
Percentage of Sales  
Item as a percent of net sales and operating revenues7.30%7.10%
Depreciation and Amortization, Nonproduction  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.80%0.60%
Interest expense  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.40%0.30%
Other (income) expense  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.00%0.00%
Earnings before income taxes  
Percentage of Sales  
Item as a percent of net sales and operating revenues4.00%3.60%
Income tax provision  
Percentage of Sales  
Item as a percent of net sales and operating revenues1.00%0.90%
NET EARNINGS   
Percentage of Sales  
Item as a percent of net sales and operating revenues3.00%2.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues78.10%75.30%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues19.70%22.70%
NET SALES AND OPERATING REVENUES | Total other sales and revenues  
Percentage of Sales  
Item as a percent of net sales and operating revenues2.20%1.90%
TOTAL COST OF SALES | Used vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues71.40%69.30%
TOTAL COST OF SALES | Wholesale vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues17.50%20.70%
TOTAL COST OF SALES | Total other sales and revenues  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.50%0.60%

KMX Balance Sheet

2023-05-31
Consolidated 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 receivable506,465470,889
Accounts receivable, net321,994298,783
Inventory4,081,2203,726,142
Other current assets189,742230,795
TOTAL CURRENT ASSETS 5,363,6685,041,367
Auto loans receivable, net of allowance for loan losses of $535,412 and $507,201 as of May 31, 2023 and February 28, 2023, respectively16,744,86516,341,791
Property and equipment, net of accumulated depreciation of $1,672,387 and $1,614,924 as of May 31, 2023 and February 28, 2023, respectively3,499,3843,430,914
Deferred Income Tax Assets, Net99,77080,740
Operating lease assets541,908545,677
Goodwill141,258141,258
Other assets571,503600,989
TOTAL ASSETS 26,962,35626,182,736
CURRENT LIABILITIES:  
Accounts payable967,420826,592
Accrued expenses and other current liabilities528,596478,964
Accrued income taxes49,1910
Current portion of operating lease liabilities55,12653,287
Current portion of long-term debt12,305111,859
Current portion of non-recourse notes payable501,333467,609
TOTAL CURRENT LIABILITIES 2,113,9711,938,311
Long-term debt, excluding current portion1,906,4961,909,361
Non-recourse notes payable, excluding current portion16,252,95815,865,776
Operating lease liabilities, excluding current portion519,184523,828
Other liabilities346,579332,383
TOTAL LIABILITIES 21,139,18820,569,659
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, respectively79,10579,040
Capital in excess of par value1,731,3411,713,074
Accumulated other comprehensive income61,33097,869
Retained earnings3,951,3923,723,094
TOTAL SHAREHOLDERS’ EQUITY 5,823,1685,613,077
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 26,962,356$ 26,182,736
William D. Nash
32600
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.