CarMax Inc. (KMX)
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About
CarMax sells, finances, and services used and new cars through a chain of around 250 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (79% in fiscal 2024 due to the chip shortage) and wholesale about 13% (19% in fiscal 2024), with the remaining portion composed of extended service plans and repair. In fiscal 2024, the company retailed and wholesaled 765,572, and 546,331 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US but still estimates that it had only about 3.7% US market share of vehicles 0-10 years old in 2023. It seeks over 5% share a few years from now. CarMax is based in Richmond, Virginia.
Key Insights
Share Price
$72.93Market Cap
$11.30 BillionTotal Outstanding Shares
154.92 Million SharesTotal Employees
29,836Dividend
No dividendIPO Date
February 4, 1997SIC Description
Retail-auto Dealers & Gasoline StationsHomepage
https://www.carmax.com
Historical Stock Splits
If you bought 1 share of KMX before March 27, 2007, you'd have 2 shares today.
| Execution Date | Split Amount |
|---|---|
| March 27, 2007 | 2-for-1 |
Cash Flow Statement
June 1, 2023 to May 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $526.21 Million |
| Net Cash Flow From Financing Activities, Continuing | $-111.19 Million |
| Net Cash Flow From Investing Activities, Continuing | $-436.11 Million |
| Net Cash Flow From Investing Activities | $-436.11 Million |
| Net Cash Flow, Continuing | $-21.09 Million |
| Net Cash Flow | $-21.09 Million |
| Net Cash Flow From Operating Activities, Continuing | $526.21 Million |
| Net Cash Flow From Financing Activities | $-111.19 Million |
Income Statement
June 1, 2023 to May 31, 2024
| Metric | Value |
|---|---|
| Net Income/Loss Attributable To Parent | $403.35 Million |
| Cost Of Revenue | $23.27 Billion |
| Operating Expenses | $2.15 Billion |
| Income Tax Expense/Benefit, Deferred | $291000.00 |
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Interest And Dividend Income, Operating | $1.18 Billion |
| Net Income/Loss Available To Common Stockholders, Basic | $403.35 Million |
| Income/Loss From Continuing Operations After Tax | $403.35 Million |
| Net Income/Loss | $403.35 Million |
| Revenues | $25.96 Billion |
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Income/Loss From Continuing Operations Before Tax | $541.00 Million |
| Costs And Expenses | $25.42 Billion |
| Basic Earnings Per Share | $2.56 |
| Operating Income/Loss | $541.00 Million |
| Benefits Costs and Expenses | $25.42 Billion |
| Basic Average Shares | $473.95 Million |
| Income Tax Expense/Benefit | $137.65 Million |
| Nonoperating Income/Loss | $-11.90 Million |
| Selling, General, and Administrative Expenses | $2.37 Billion |
| Gross Profit | $2.69 Billion |
| Diluted Earnings Per Share | $2.56 |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Interest Income/Expense Operating, Net | $1.05 Billion |
| Provision For Loan, Lease, And Other Losses | $310.80 Million |
| Income/Loss Before Equity Method Investments | $541.00 Million |
| Depreciation and Amortization | $242.48 Million |
| Interest Income/Expense After Provision For Losses | $740.20 Million |
| Diluted Average Shares | $475.58 Million |
| Interest Expense, Operating | $125.65 Million |
Balance Sheet
June 1, 2023 to May 31, 2024
| Metric | Value |
|---|---|
| Fixed Assets | $3.73 Billion |
| Noncurrent Liabilities | $19.09 Billion |
| Accounts Payable | $911.35 Million |
| Equity | $6.17 Billion |
| Other Non-current Liabilities | $871.95 Million |
| Long-term Debt | $18.22 Billion |
| Current Liabilities | $1.99 Billion |
| Equity Attributable To Parent | $6.17 Billion |
| Noncurrent Assets | $22.27 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Liabilities And Equity | $27.24 Billion |
| Other Current Assets | $1.20 Billion |
| Other Current Liabilities | $1.07 Billion |
| Assets | $27.24 Billion |
| Inventory | $3.77 Billion |
| Current Assets | $4.97 Billion |
| Other Non-current Assets | $18.54 Billion |
| Liabilities | $21.08 Billion |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||
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