🎉 M&A multiples are live!
Check it out!

CarMax Valuation Multiples

Discover revenue and EBITDA valuation multiples for CarMax and similar public comparables like Eagers Automotive, Adairs, and Envela.

CarMax Overview

About CarMax

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.


Founded

1996

HQ

United States of America
Employees

29.8K+

Website

carmax.com

Financials

LTM Revenue $26.3B

LTM EBITDA $1.1B

EV

$29.7B

Valuation Multiples

Multiples.vc

Sign up to see

Valuation Multiples for 10K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

CarMax Financials

CarMax has a last 12-month revenue of $26.3B and a last 12-month EBITDA of $1.1B.

In the most recent fiscal year, CarMax achieved revenue of $26.5B and an EBITDA of $1.7B.

CarMax expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

See CarMax valuation multiples based on analyst estimates

CarMax P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $29.7B $26.5B XXX XXX XXX
Gross Profit $3.3B $2.8B XXX XXX XXX
Gross Margin 11% 11% XXX XXX XXX
EBITDA $1.3B $1.7B XXX XXX XXX
EBITDA Margin 4% 6% XXX XXX XXX
Net Profit $1.2B $485M XXX XXX XXX
Net Margin 4% 2% XXX XXX XXX
Net Debt $18.6B $18.0B XXX XXX XXX

Financial data powered by Morningstar, Inc.

CarMax Stock Performance

As of March 14, 2025, CarMax's stock price is $70.

CarMax has current market cap of $10.8B, and EV of $29.7B.

See CarMax trading valuation data

CarMax Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$29.7B $10.8B XXX XXX XXX XXX $3.27

Benchmark Trading Valuation Multiples by Industry

Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more

Sign Up

CarMax Valuation Multiples

As of March 14, 2025, CarMax has market cap of $10.8B and EV of $29.7B.

CarMax's trades at 1.1x LTM EV/Revenue multiple, and 27.4x LTM EBITDA.

Analysts estimate CarMax's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

See valuation multiples for CarMax and 10K+ public comps

CarMax Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $29.7B XXX XXX XXX
EV/Revenue 1.1x XXX XXX XXX
EV/EBITDA 25.2x XXX XXX XXX
P/E 21.2x XXX XXX XXX
P/E/Growth 1.4x XXX XXX XXX
EV/FCF 1932.7x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Get CarMax Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.

Sign Up

CarMax Valuation Multiples

CarMax's NTM/LTM revenue growth is 4%

CarMax's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, CarMax's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate CarMax's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

See operational valuation multiples for CarMax and other 10K+ public comps

CarMax Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -11% XXX XXX XXX XXX
EBITDA Margin 4% XXX XXX XXX XXX
EBITDA Growth 25% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 8% XXX XXX XXX XXX
Revenue per Employee $0.9M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue 1% XXX XXX XXX XXX
G&A Expenses to Revenue 8% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 11% XXX XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 220+ Verticals

Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!

Digital Therapeutics
Pharma Analytics
Private Equity
ERP Software
Developer Tools
Consumer SaaS
Streaming Platforms

CarMax Public Comps

See public comps and valuation multiples for Specialty Stores comps
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

Valuation data powered by FactSet, Inc.

CarMax M&A and Investment Activity

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

Latest Acquisitions by CarMax

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

Get Verified M&A Valuation Multiples

Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.

Sign Up

About CarMax

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 29.8K+ 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 $10.8B
What is the current revenue of CarMax? CarMax's last 12-month revenue is $26.3B.
What is the current EBITDA of CarMax? CarMax's last 12-month EBITDA is $1.1B.
What is the current EV/Revenue multiple of CarMax? Current revenue multiple of CarMax is 1.1x.
What is the current EV/EBITDA multiple of CarMax? Current EBITDA multiple of CarMax is 27.4x.
What is the current revenue growth of CarMax? CarMax revenue growth between 2023 and 2024 was -11%.
Is CarMax profitable? Yes, CarMax is EBITDA-positive (as of the last 12 months).

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.