First Time Loading...

Carmax Inc
NYSE:KMX

Watchlist Manager
Carmax Inc Logo
Carmax Inc
NYSE:KMX
Watchlist
Price: 79.83 USD -1.13% Market Closed
Updated: Mar 19, 2024

Intrinsic Value

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. [ Read More ]

The intrinsic value of one KMX stock under the Base Case scenario is 79.67 USD. Compared to the current market price of 79.83 USD, Carmax Inc is Fairly Valued.

Key Points:
KMX Intrinsic Value
Base Case
79.67 USD
Fairly Valued
Intrinsic Value
Price
Base Case Scenario

Valuation Backtest
Carmax Inc

Backtest KMX Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling KMX stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

CarMax Q3 FY24 Earnings Narration
2024-Q3 Earnings Call

CarMax Q3 FY24 Earnings Narration

In Q3 FY24, CarMax's total sales decreased by 5% year-over-year to $6.1 billion. Retail unit sales dipped by 2.9%, and used unit comps fell 4.1%, while wholesale unit sales grew by 7.7%. The retail and wholesale segments faced price drops, contributing to the overall revenue decline. Despite these challenges, gross profit per used unit remained stable at $2,277, and wholesale gross profit per unit was in line with the previous year at $961. CarMax also increased its vehicle sourcing from consumers by 5%, maintaining a self-sufficiency rate above 70%. For the rest of FY24, they anticipate margins per unit in both retail and wholesale to be similar to the previous year. Online sales climbed to 31% of total revenue, and CarMax Auto Finance reported a slight drop in income to $149 million compared to $152 million last year.

Financials

Balance Sheet Decomposition
Carmax Inc

Current Assets 5.1B
Cash & Short-Term Investments 605.4m
Receivables 212.4m
Other Current Assets 4.3B
Non-Current Assets 22.1B
PP&E 4.2B
Intangibles 141.3m
Other Non-Current Assets 17.8B
Current Liabilities 2.1B
Accounts Payable 762.6m
Accrued Liabilities 530.3m
Other Current Liabilities 790.3m
Non-Current Liabilities 19B
Long-Term Debt 18.4B
Other Non-Current Liabilities 679.9m
Efficiency

Earnings Waterfall
Carmax Inc

Revenue
26.6B USD
Cost of Revenue
-23.9B USD
Gross Profit
2.7B USD
Operating Expenses
-2.5B USD
Operating Income
235.9m USD
Other Expenses
262.1m USD
Net Income
497.9m USD

Free Cash Flow Analysis
Carmax Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

KMX Profitability Score
Profitability Due Diligence

Carmax Inc's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

Positive 3-Year Average ROE
Positive 3-Years Revenue Growth
Positive Gross Profit
Negative Revenue Growth Forecast
45/100
Profitability
Score

Carmax Inc's profitability score is 45/100. The higher the profitability score, the more profitable the company is.

KMX Solvency Score
Solvency Due Diligence

Carmax Inc's solvency score is 40/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Long-Term Solvency
Low Altman Z-Score
High D/E
40/100
Solvency
Score

Carmax Inc's solvency score is 40/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

KMX Price Targets Summary
Carmax Inc

Wall Street analysts forecast KMX stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for KMX is 79.62 USD with a low forecast of 50.5 USD and a high forecast of 110.25 USD.

Lowest
Price Target
50.5 USD
37% Downside
Average
Price Target
79.62 USD
0% Downside
Highest
Price Target
110.25 USD
38% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

KMX Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

KMX Price
Carmax Inc

1M 1M
+13%
6M 6M
-3%
1Y 1Y
+41%
3Y 3Y
-40%
5Y 5Y
+34%
10Y 10Y
+69%
Annual Price Range
79.83
52w Low
56.73
52w High
86.21
Price Metrics
Average Annual Return 9.57%
Standard Deviation of Annual Returns 45.48%
Max Drawdown -64%
Shares Statistics
Market Capitalization 12.6B USD
Shares Outstanding 157 920 992
Percentage of Shares Shorted 12.11%

KMX Return Decomposition
Main factors of price return

What is price return decomposition?

KMX News

Other Videos

Last Important Events
Carmax Inc

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

All
Positive
Negative

Sentiment Analysis
Carmax Inc

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Carmax Inc Logo
Carmax Inc

Country

United States of America

Industry

Retail

Market Cap

12.6B USD

Dividend Yield

0%

Description

CarMax, Inc. is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. The company is headquartered in Richmond, Virginia and currently employs 32,647 full-time employees. CarMax is a retailer of used vehicles. The firm operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The firm's CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. CarMax's CAF segment consists of its own finance operation that provides vehicle financing through CarMax stores. CarMax operates approximately 225 used car stores in over 106 United States television markets. The firm's products and services include retail merchandising, wholesale auctions, extended protection plans (EPPs), reconditioning and service, and customer credit. The firm's CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers. CAF operates in the auto finance sector of the consumer finance market.

Contact

VIRGINIA
Richmond
12800 Tuckahoe Creek Pkwy
+18047470422.0
https://www.carmax.com/

IPO

1997-02-07

Employees

32 647

Officers

President, CEO & Director
Mr. William D. Nash
Executive VP & CFO
Mr. Enrique N. Mayor-Mora
Executive VP and Chief Information & Technology Officer
Mr. Shamim Mohammad
EVP of Human Resources, General Counsel & Chief Compliance Officer
Ms. Diane Long Cafritz
Executive VP & COO
Mr. Charles Joseph Wilson
VP, Chief Accounting Officer & Controller
Ms. Jill A. Livesay
Show More
Assistant Vice President of Investor Relations
Mr. David L. Lowenstein
Assistant Vice President of Public Affairs & Communications
Ms. Trina Hoppin Lee
VP of Strategy & Chief Data Officer
Gautam Puranik
VP & Chief Information Security Officer
Cherri Heart
Show Less

See Also

Discover More
What is the Intrinsic Value of one KMX stock?

The intrinsic value of one KMX stock under the Base Case scenario is 79.67 USD.

Is KMX stock undervalued or overvalued?

Compared to the current market price of 79.83 USD, Carmax Inc is Fairly Valued.