CarMax Inc. (KMX)
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About
Business overview of CarMax Inc. (KMX)
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
Critical company metrics and information
Share Price
$83.49Market Cap
$12.93 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
September 1, 2023 to August 31, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Operating Activities | $1.02 Billion |
| Net Cash Flow, Continuing | $28.20 Million |
| Net Cash Flow From Investing Activities, Continuing | $-470.71 Million |
| Net Cash Flow From Investing Activities | $-470.71 Million |
| Net Cash Flow From Financing Activities, Continuing | $-522.24 Million |
| Net Cash Flow From Financing Activities | $-522.24 Million |
| Net Cash Flow From Operating Activities, Continuing | $1.02 Billion |
| Net Cash Flow | $28.20 Million |
Income Statement
September 1, 2023 to August 31, 2024
| Metric | Value |
|---|---|
| Participating Securities, Distributed And Undistributed Earnings/Loss, Basic | $0.00 |
| Depreciation and Amortization | $247.56 Million |
| Net Income/Loss Attributable To Noncontrolling Interest | $0.00 |
| Basic Average Shares | $314.83 Million |
| Income/Loss Before Equity Method Investments | $560.55 Million |
| Diluted Average Shares | $315.76 Million |
| Interest Income/Expense After Provision For Losses | $723.30 Million |
| Income/Loss From Continuing Operations After Tax | $417.52 Million |
| Costs And Expenses | $25.34 Billion |
| Operating Income/Loss | $560.55 Million |
| Income Tax Expense/Benefit, Deferred | $8.26 Million |
| Interest Income/Expense Operating, Net | $1.06 Billion |
| Interest And Dividend Income, Operating | $1.18 Billion |
| Benefits Costs and Expenses | $25.34 Billion |
| Nonoperating Income/Loss | $-11.25 Million |
| Provision For Loan, Lease, And Other Losses | $333.60 Million |
| Income/Loss From Continuing Operations Before Tax | $560.55 Million |
| Selling, General, and Administrative Expenses | $2.39 Billion |
| Basic Earnings Per Share | $2.66 |
| Net Income/Loss Available To Common Stockholders, Basic | $417.52 Million |
| Income Tax Expense/Benefit | $143.03 Million |
| Gross Profit | $2.75 Billion |
| Cost Of Revenue | $23.15 Billion |
| Net Income/Loss Attributable To Parent | $417.52 Million |
| Net Income/Loss | $417.52 Million |
| Diluted Earnings Per Share | $2.66 |
| Revenues | $25.90 Billion |
| Preferred Stock Dividends And Other Adjustments | $0.00 |
| Operating Expenses | $2.19 Billion |
| Interest Expense, Operating | $121.08 Million |
Balance Sheet
September 1, 2023 to August 31, 2024
| Metric | Value |
|---|---|
| Other Current Liabilities | $1.15 Billion |
| Fixed Assets | $3.76 Billion |
| Other Non-current Assets | $18.67 Billion |
| Other Non-current Liabilities | $855.20 Million |
| Other Current Assets | $1.46 Billion |
| Noncurrent Assets | $22.44 Billion |
| Current Liabilities | $2.16 Billion |
| Current Assets | $4.86 Billion |
| Long-term Debt | $18.11 Billion |
| Equity Attributable To Noncontrolling Interest | $0.00 |
| Equity | $6.18 Billion |
| Noncurrent Liabilities | $18.96 Billion |
| Liabilities And Equity | $27.30 Billion |
| Assets | $27.30 Billion |
| Accounts Payable | $1.01 Billion |
| Liabilities | $21.12 Billion |
| Equity Attributable To Parent | $6.18 Billion |
| Inventory | $3.40 Billion |
Historical Dividends
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| No historical dividends | ||||
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