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.
1996
29.8K+
LTM Revenue $26.3B
LTM EBITDA $1.1B
$29.7B
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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 estimatesFY 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 |
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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 dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$29.7B | $10.8B | XXX | XXX | XXX | XXX | $3.27 |
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Sign UpAs 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 compsFY 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 |
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Sign UpCarMax'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 compsFY 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 |
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EV/Revenue | EV/EBITDA | |||||
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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 multiplesAcquired 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 |
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Sign UpWhen 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). |
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