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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 were 83% of fiscal 2025 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2025, the company retailed and wholesaled 789,050 and 544,312 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 calendar 2024. It seeks over 5% share. CarMax is based in Richmond, Virginia.
1996
30.0K+
LTM Revenue $26.6B
LTM EBITDA $1.1B
$28.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
CarMax has a last 12-month revenue (LTM) of $26.6B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, CarMax achieved revenue of $26.4B and an EBITDA of $1.8B.
CarMax expects next 12-month revenue of XXX and NTM EBITDA of XXX
See CarMax valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $26.6B | XXX | $26.4B | XXX | XXX | XXX |
| Gross Profit | $3.0B | XXX | $2.9B | XXX | XXX | XXX |
| Gross Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $1.1B | XXX | $1.8B | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 7% | XXX | XXX | XXX |
| EBIT | $805M | XXX | -$221M | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | -1% | XXX | XXX | XXX |
| Net Profit | $516M | XXX | $501M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $18.4B | XXX | XXX | XXX |
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As of May 30, 2025, CarMax's stock price is $64.
CarMax has current market cap of $9.8B, and EV of $28.8B.
See CarMax trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $28.8B | $9.8B | XXX | XXX | XXX | XXX | $3.33 |
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Start Free TrialAs of May 30, 2025, CarMax has market cap of $9.8B and EV of $28.8B.
CarMax's trades at 1.1x EV/Revenue multiple, and 15.9x EV/EBITDA.
Equity research analysts estimate CarMax's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CarMax has a P/E ratio of 19.0x.
See valuation multiples for CarMax and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9.8B | XXX | $9.8B | XXX | XXX | XXX |
| EV (current) | $28.8B | XXX | $28.8B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.1x | XXX | XXX | XXX |
| EV/EBITDA | 26.2x | XXX | 15.9x | XXX | XXX | XXX |
| EV/EBIT | 35.8x | XXX | -132.1x | XXX | XXX | XXX |
| EV/Gross Profit | 9.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 19.0x | XXX | 19.8x | XXX | XXX | XXX |
| EV/FCF | 102.4x | XXX | 222.7x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialCarMax's last 12 month revenue growth is 5%
CarMax's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.1M for the same period.
CarMax's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CarMax's rule of X is 16% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for CarMax and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | -18% | XXX | XXX | XXX |
| Rule of 40 | 11% | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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CarMax acquired XXX companies to date.
Last acquisition by CarMax was XXXXXXXX, XXXXX XXXXX XXXXXX . CarMax acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was CarMax founded? | CarMax was founded in 1996. |
| Where is CarMax headquartered? | CarMax is headquartered in United States of America. |
| How many employees does CarMax have? | As of today, CarMax has 30.0K+ employees. |
| Who is the CEO of CarMax? | CarMax's CEO is Mr. William D. Nash. |
| Is CarMax publicy listed? | Yes, CarMax is a public company listed on NYS. |
| What is the stock symbol of CarMax? | CarMax trades under KMX ticker. |
| When did CarMax go public? | CarMax went public in 1997. |
| Who are competitors of CarMax? | Similar companies to CarMax include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of CarMax? | CarMax's current market cap is $9.8B |
| What is the current revenue of CarMax? | CarMax's last 12 months revenue is $26.6B. |
| What is the current revenue growth of CarMax? | CarMax revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of CarMax? | Current revenue multiple of CarMax is 1.1x. |
| Is CarMax profitable? | Yes, CarMax is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CarMax? | CarMax's last 12 months EBITDA is $1.1B. |
| What is CarMax's EBITDA margin? | CarMax's last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of CarMax? | Current EBITDA multiple of CarMax is 26.2x. |
| What is the current FCF of CarMax? | CarMax's last 12 months FCF is $281M. |
| What is CarMax's FCF margin? | CarMax's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of CarMax? | Current FCF multiple of CarMax is 102.4x. |
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