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KMX

69.59USD+0.49(+0.71%)Delayed

Carmax Inc

Market Summary

USD69.59+0.49Delayed
0.71%

KMX Stock Price

RSI Chart

Valuation

Market Cap

10.2B

Price/Earnings

10.5

Price/Sales

0.3

Price/Cashflow

-5.33

MarketCap/EBT

8.05

Price/Sales

Profitability

Operating Margin

9.66%

EBT Margin

3.76%

Return on Equity

17.9%

Return on Assets

3.67%

Fundamentals

Revenue

Revenue (TTM)

33.5B

Revenue Y/Y

20.97%

Revenue Q/Q

21.14%

Earnings

Earnings (TTM)

966.8M

Earnings Y/Y

-42.24%

Earnings Q/Q

57.83%

Price Action

52 Week Range

54.85152.28
(Low)(High)

Last 7 days

4.2%

Last 30 days

11.6%

Last 90 days

-20.5%

Trailing 12 Months

-51.7%

Financial Health

Current Ratio

2.72

Investor Care

Buy Backs (1Y)

2.31%

Diluted EPS (TTM)

5.89

Peers (Alternatives to Carmax)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
305.7B
157.3B
13.60% -18.04%
18.11
1.97
6.49% 7.26%
53.0B
14.1B
5.31% 30.59%
24.79
3.85
9.27% 6.10%
49.6B
16.3B
3.75% 37.64%
20.4
3.05
11.09% 11.95%
11.5B
11.1B
-18.12% -31.74%
21.4
1.04
1.02% -26.23%
10.2B
33.5B
11.59% -51.70%
10.5
0.3
43.11% -17.98%
MID-CAP
8.0B
27.1B
14.86% 22.88%
5.73
0.29
8.09% 29.40%
7.6B
22.8B
-5.97% 57.03%
11.46
0.33
47.83% 90.20%
5.6B
27.6B
13.41% -20.53%
4.33
0.2
34.63% 35.29%
5.5B
26.9B
13.88% -4.53%
3.75
0.21
7.28% 29.95%
3.5B
14.4B
18.01% 9.23%
4.43
0.24
52.73% 63.12%
SMALL-CAP
1.2B
7.1B
8.28% -28.79%
4.99
0.17
5.91% -25.67%
952.4M
10.2B
1.32% -4.78%
8.26
0.1
55.09% 227.82%
437.6M
1.3B
10.63% -25.90%
4.69
0.34
26.30% -10.40%
138.2M
1.4B
12.34% -28.44%
1.28
0.1
26.77% 25.77%
92.2M
-
64.08% -52.53%
1.2K
0.29
- -

Financials for Carmax

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue5.1%33,51431,90029,37826,03523,419
Cost Of Revenue5.8%30,27628,61326,16023,02220,470
Gross Profit-1.5%3,2383,2883,2183,0132,949
  S&GA Expenses4.4%2,4282,3252,2602,1152,031
Earnings Before Taxes-15.5%1,2621,4921,5531,5081,528
Net Income-16.0%9671,1511,2011,1671,179
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets0.0%26,33926,33825,57524,45322,833
  Current Assets-6.6%6,1186,5495,9555,3714,691
    Cash Equivalents-7.2%951036358378
  Inventory-8.5%4,6915,1254,6594,1053,249
  Net PPE1.5%3,2593,2093,1763,1293,076
  Goodwill0%141141141150-
Liabilities-0.8%20,93821,10320,46519,53818,129
  Current Liabilities10.0%2,2522,0472,0571,9592,093
    LT Debt, Current895.4%11211111110
Shareholder's Equity3.2%5,4015,2355,1104,9154,703
  Retained Earnings3.2%3,6373,5243,4563,2933,210
  Additional Paid-In Capital0.1%1,6781,6771,6731,6531,528
Accumulated Depreciation3.9%1,4941,4381,5421,4981,452
Shares Outstanding-0.9%160161162162163
Float-20,343----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations25.2%-1,906.61-2,549.45-2,283.27-1,607.34-693.68
  Share Based Compensation-16.0%92109158133139
Cashflow From Investing-6.9%-559.64-523.74-438.79-416.06-126.25
Cashflow From Financing-30.0%2,1753,1052,6181,431631
  Buy Backs3.9%599576541534314

Risks

What is the probability of a big loss on KMX?

69.2%


Probability that Carmax stock will be more than 20% underwater in next one year

37.7%


Probability that Carmax stock will be more than 30% underwater in next one year.

32.3%


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.

Returns

Cumulative Returns on KMX

6.9%


10-Year Cumulative Returns

2.3%


7-Year Cumulative Returns

0.4%


5-Year Cumulative Returns

-10.2%


3-Year Cumulative Returns

What are the long-term rolling returns for KMX?

FIve years rolling returns for Carmax.

Which funds bought or sold KMX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
CLIENT 1ST ADVISORY GROUP, LLC
ADDED
23.96
-23,000
220,000
0.14%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
5
1,000
-%
2022-11-23
FSB PREMIER WEALTH MANAGEMENT, INC.
REDUCED
-1.12
-97,000
250,000
0.15%
2022-11-22
CVA Family Office, LLC
SOLD OFF
-100
-28,000
-
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
4,617,000
4,617,000
0.05%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.84
-6,841,000
17,269,000
0.03%
2022-11-21
Parallax Volatility Advisers, L.P.
ADDED
528.24
4,891,000
6,256,000
0.01%
2022-11-18
National Pension Service
REDUCED
-1.35
-7,616,000
18,683,000
0.04%
2022-11-17
M&T Bank Corp
REDUCED
-10.4
-804,000
1,644,000
0.01%
2022-11-17
CENTRAL TRUST Co
ADDED
100
8,000
26,000
-%

1–10 of 46

Latest Funds Activity

Are funds buying KMX calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own KMX

Carmax News

MarketBeat

CarMax, Inc. (NYSE:KMX) Short Interest Update.2 days ago

The Motley Fool

Yahoo Finance

InvestorsObserver

KMX Fair Value

Carmax fair value in different scenarios

The table shows the Fair Value estimates for Carmax for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

120.26

72.81%

152.22

118.74%

198.21

184.83%

254.27

265.38%

402.29

478.09%

Current Inflation

109.84

57.84%

136.62

96.32%

174.85

151.26%

222.56

219.82%

348.34

400.56%

Very High Inflation

97.09

39.52%

117.98

69.54%

147.56

112.04%

185.80

166.99%

286.45

311.63%

Historical Carmax Fair Value Estimates


Recent SEC filings of Carmax

View All Filings
Date Filed Form Type Document
Nov 18, 2022
8-K
Current Report
Sep 29, 2022
8-K
Current Report

Latest Insider Trading transactions for KMX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-07-21
Cafritz Diane L
ACQUIRED
908,101
58.38
15,555
EVP, General Counsel & CHRO
2022-07-21
Cafritz Diane L
SOLD
-1,473,840
94.75
-15,555
EVP, General Counsel & CHRO
2022-07-18
Shamim Mohammad
SOLD
-324,553
93.91
-3,456
EVP and CITO
2022-07-01
Cafritz Diane L
SOLD
-1,647,430
91.0585
-18,092
EVP, General Counsel & CHRO
2022-07-01
Satriano Pietro
ACQUIRED
-
-
1,996
-
2022-07-01
Cafritz Diane L
ACQUIRED
875,700
58.38
15,000
EVP, General Counsel & CHRO
2022-07-01
FOLLIARD THOMAS J
ACQUIRED
-
-
1,996
-
2022-07-01
STEENROD MITCHELL D
ACQUIRED
-
-
1,996
-
2022-07-01
ONeil Mark F
ACQUIRED
-
-
1,996
-
2022-07-01
BLAYLOCK RONALD E
ACQUIRED
-
-
1,996
-

1–10 of 50

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.

KMX Income Statement

2022-05-31
Consolidated Statements Of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
May 31, 2022
May 31, 2021
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES$ 9,311,621$ 7,697,599
TOTAL COST OF SALES8,436,2306,773,090
GROSS PROFIT 875,391924,509
CARMAX AUTO FINANCE INCOME 204,473241,731
Selling, general and administrative expenses656,740554,069
Depreciation, Depletion and Amortization, Nonproduction55,64849,890
Interest expense28,77520,534
Other expense (income)2,099(25,577)
Earnings before income taxes336,602567,324
Income tax provision84,337130,568
NET EARNINGS $ 252,265$ 436,756
WEIGHTED AVERAGE COMMON SHARES:  
Basic, shares160,298163,151
Diluted, shares161,798166,295
NET EARNINGS PER SHARE:  
Basic (in dollars per share)$ 1.57$ 2.68
Diluted (in dollars per share)$ 1.56$ 2.63
Used vehicle sales  
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES$ 7,014,490$ 6,157,344
TOTAL COST OF SALES6,451,0105,560,337
Wholesale vehicle sales  
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES2,116,5171,374,357
TOTAL COST OF SALES1,924,8501,188,513
Total other sales and revenues  
SALES AND OPERATING REVENUES:  
NET SALES AND OPERATING REVENUES180,614165,898
TOTAL COST OF SALES$ 60,370$ 24,240
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 revenues90.60%88.00%
GROSS PROFIT   
Percentage of Sales  
Item as a percent of net sales and operating revenues9.40%12.00%
CARMAX AUTO FINANCE INCOME   
Percentage of Sales  
Item as a percent of net sales and operating revenues2.20%3.10%
Selling, general and administrative expenses  
Percentage of Sales  
Item as a percent of net sales and operating revenues7.10%7.20%
Depreciation and Amortization, Nonproduction  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.60%0.60%
Interest expense  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.30%0.30%
Other expense (income)  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.00%(0.30%)
Earnings before income taxes  
Percentage of Sales  
Item as a percent of net sales and operating revenues3.60%7.40%
Income tax provision  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.90%1.70%
NET EARNINGS   
Percentage of Sales  
Item as a percent of net sales and operating revenues2.70%5.70%
NET SALES AND OPERATING REVENUES | Used vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues75.30%80.00%
NET SALES AND OPERATING REVENUES | Wholesale vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues22.70%17.90%
NET SALES AND OPERATING REVENUES | Total other sales and revenues  
Percentage of Sales  
Item as a percent of net sales and operating revenues1.90%2.20%
TOTAL COST OF SALES | Used vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues69.30%72.20%
TOTAL COST OF SALES | Wholesale vehicle sales  
Percentage of Sales  
Item as a percent of net sales and operating revenues20.70%15.40%
TOTAL COST OF SALES | Total other sales and revenues  
Percentage of Sales  
Item as a percent of net sales and operating revenues0.60%0.30%

KMX Balance Sheet

2022-05-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 31, 2022
Feb. 28, 2022
CURRENT ASSETS:  
Cash and cash equivalents$ 95,313$ 102,716
Restricted cash from collections on auto loans receivable531,344548,099
Accounts receivable, net610,587560,984
Inventory4,691,0855,124,569
Other current assets189,638212,922
TOTAL CURRENT ASSETS 6,117,9676,549,290
Auto loans receivable, net of allowance for loan losses of $458,214 and $433,030 as of May 31, 2022 and February 28, 2022, respectively15,672,60515,289,701
Property and equipment, net of accumulated depreciation of $1,493,660 and $1,437,548 as of May 31, 2022 and February 28, 2022, respectively3,258,6143,209,068
Deferred Income Tax Assets, Net91,305120,931
Operating lease assets533,355537,357
Goodwill141,258141,258
Other assets523,590490,659
TOTAL ASSETS 26,338,69426,338,264
CURRENT LIABILITIES:  
Accounts payable1,066,922937,717
Accrued expenses and other current liabilities489,619533,271
Accrued income taxes18,3650
Current portion of operating lease liabilities44,38444,197
Current portion of long-term debt111,51711,203
Current portion of non-recourse notes payable520,944521,069
TOTAL CURRENT LIABILITIES 2,251,7512,047,457
Long-term debt, excluding current portion2,569,7513,255,304
Non-recourse notes payable, excluding current portion15,218,22914,919,715
Operating lease liabilities, excluding current portion519,818523,269
Other liabilities378,508357,080
TOTAL LIABILITIES 20,938,05721,102,825
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:  
Common stock, $0.50 par value; 350,000,000 shares authorized; 159,613,860 and 161,053,983 shares issued and outstanding as of May 31, 2022 and February 28, 2022, respectively79,80780,527
Capital in excess of par value1,678,1721,677,268
Accumulated other comprehensive income (loss)5,892(46,422)
Retained earnings3,636,7663,524,066
TOTAL SHAREHOLDERS’ EQUITY 5,400,6375,235,439
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 26,338,694$ 26,338,264