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KMX Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
40.720
Open
40.620
VWAP
40.29
Vol
926.80K
Mkt Cap
5.80B
Low
39.865
Amount
37.34M
EV/EBITDA(TTM)
57.11
Total Shares
141.82M
EV
23.89B
EV/OCF(TTM)
13.39
P/S(TTM)
0.23
CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The 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. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.
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Events Timeline

(ET)
2026-04-14
16:20:00
Major Averages Rise on Renewed U.S.-Iran Diplomacy Optimism
select
2026-04-14
12:10:00
CarMax Shares Drop 14.1% to $42.18
select
2026-04-14
12:00:00
Major U.S. Averages Broadly Higher, Nasdaq Up 1.66%
select
2026-04-14
10:11:00
CarMax Shares Drop 13.4% to $42.52
select

News

Fool
9.5
04-18Fool
CarMax Shares Drop 37% Following Earnings Report Amid Transition
  • Disappointing Earnings: CarMax reported net sales of approximately $5.95 billion for fiscal Q4 2026, reflecting a 1% year-over-year decline, although this was an improvement from the 7% drop in Q3, indicating some recovery in sales trends despite overall poor performance.
  • Sales Volume Improvement: Retail used unit sales fell 0.8% year-over-year in Q4, a significant improvement from the 8% decline in Q3, as management implemented price cuts and increased marketing spend to drive sales, demonstrating the company's efforts to seek recovery in challenging conditions.
  • Profitability Under Pressure: Despite the sales volume improvement, CarMax's gross profit margin contracted, with total gross profit falling 9% year-over-year to $605 million, and a net loss of $121 million was reported, heavily impacted by a $141 million non-cash goodwill impairment charge, highlighting severe challenges to the company's profitability.
  • Paused Buyback Program: CarMax repurchased only about $50 million of its stock in Q4 before halting the buyback program, with management citing leverage slightly above the targeted range, reflecting a cautious capital allocation approach during a leadership transition period.
Fool
9.5
04-17Fool
CarMax Shares Drop 13.3% Following Disappointing Q4 Earnings Report
  • Earnings Decline: CarMax reported a gross profit of $605.3 million for Q4 2026, down 9.4% year-over-year, indicating severe challenges to profitability in a price-sensitive market environment.
  • Pricing Strategy Adjustment: The company lowered the average selling price of used vehicles by 0.4% to $26,019 and wholesale prices by 3.3% to $7,776, which contributed to a 0.7% increase in unit sales, highlighting the critical role of pricing strategies in a competitive market.
  • New CEO Challenges: Since taking over in mid-March, CEO Keith Barr faces a tough market landscape and plans to cut expenses by $200 million in fiscal 2027 to address margin pressures from price reductions, demonstrating the company's commitment to restructuring in adversity.
  • Uncertain Market Outlook: While CarMax is working to enhance profitability by increasing consumer-sourced vehicle purchases, the company's growth prospects remain uncertain in the current market environment, necessitating a cautious approach to future challenges.
NASDAQ.COM
9.5
04-17NASDAQ.COM
CarMax's New CEO Plans $200 Million Expense Cuts
  • Sales Growth vs. Profit Decline: CarMax achieved a 0.7% unit sales growth in Q4, despite a 0.4% drop in average selling price to $26,019 and a 3.3% decline in wholesale prices to $7,776, resulting in a 9.4% decrease in gross profit to $605.3 million, highlighting the market's sensitivity to lower-priced models.
  • New CEO's Challenges: Newly appointed CEO Keith Barr plans to cut $200 million in expenses for fiscal 2027 to navigate the tough market environment, aiming to restructure the company to enhance its responsiveness and improve margins.
  • Market Strategy Adjustment: CarMax implemented three measures—enhanced marketing, improved online selling capabilities, and lower prices—to drive sales growth, demonstrating the company's proactive approach in a price-sensitive market.
  • Used Car Procurement Strategy: Management noted an increase in the proportion of used cars purchased directly from consumers, a strategy expected to enhance profitability, although the overall market conditions remain challenging.
Fool
7.5
04-16Fool
Amazon Autos Expands, Threatening Traditional Auto Listings
  • Online Car Buying Trend: According to Allied Market Research, online car buying is expected to triple by the end of the decade, indicating a significant shift in consumer acceptance that could transform traditional auto sales models.
  • Amazon's Market Strategy: Amazon Autos is rapidly expanding from a niche pilot to a broad vehicle marketplace, aiming to enhance online sales capabilities through partnerships with dealerships, thereby shortening sales cycles and improving efficiency, while dealers retain control over transactions.
  • Changing Competitive Landscape: Amazon's entry poses a threat to companies focused on vehicle listings and dealership leads, such as Cars.com and CarGurus, as these companies, despite their strong brand presence, may struggle against Amazon's vast consumer reach.
  • Dealers' Role: While Amazon is not yet selling cars directly or taking a cut from dealership transactions, its platform allows consumers to complete transactions online more easily, which could have profound implications for traditional dealerships and auto sales models in the future.
NASDAQ.COM
8.5
04-16NASDAQ.COM
Amazon Autos Rapidly Expands into Marketplace
  • Market Expansion Plan: Amazon Autos is rapidly transitioning from a pilot program to a broad vehicle marketplace, with online car buying expected to triple by the end of this decade, indicating significant market potential and strategic value.
  • Collaboration with Dealers: Rather than taking a cut from transactions, Amazon collaborates with dealerships to enhance their online presence and shorten sales cycles, thereby improving overall operational efficiency and strengthening dealers' competitive positions.
  • Threat to Competitors: Amazon's entry poses a serious threat to vehicle listing and lead-generation companies like Cars.com and CarGurus, although it has yet to fully replicate Carvana's nationwide inventory and distribution capabilities.
  • Shifts in Consumer Behavior: As consumers increasingly prefer online car buying, Amazon's model may transform traditional purchasing processes, with dealerships still controlling transactions and pricing, but Amazon's extensive reach will position it significantly in future markets.
Yahoo Finance
9.5
04-15Yahoo Finance
CarMax Q1 Results Exceed Expectations Amid Flat Sales
  • Performance Exceeds Expectations: CarMax reported Q1 revenue of $5.95 billion, surpassing analyst expectations of $5.72 billion, despite flat year-on-year sales, indicating the company's competitive position in the market.
  • Profitability Improvement: The non-GAAP EPS of $0.34 exceeded analysts' expectations of $0.21, marking a 60.6% increase, reflecting effective cost control and pricing strategies.
  • Operational Challenges: Despite exceeding revenue and profit expectations, same-store sales fell 2% year-on-year, and operating margin decreased from 2.5% to 1.1%, highlighting the impact of intensified market competition and cost pressures.
  • Strategic Adjustments: New CEO Keith Barr emphasized enhancing customer experience through competitive pricing and digital upgrades, with expectations to boost profitability through the nationwide rollout of products like MaxCare Plus.
Wall Street analysts forecast KMX stock price to rise
13 Analyst Rating
Wall Street analysts forecast KMX stock price to rise
0 Buy
10 Hold
3 Sell
Hold
Current: 0.000
sliders
Low
24.00
Averages
33.60
High
37.00
Current: 0.000
sliders
Low
24.00
Averages
33.60
High
37.00
Barclays
Underweight
downgrade
$28 -> $26
AI Analysis
2026-04-16
New
Reason
Barclays
Price Target
$28 -> $26
AI Analysis
2026-04-16
New
downgrade
Underweight
Reason
Barclays lowered the firm's price target on CarMax to $26 from $28 and keeps an Underweight rating on the shares. The company's Q4 report shows "some early signs of progress," the analyst tells investors in a research note.
BofA
NULL
to
Underperform
initiated
$40
2026-04-15
New
Reason
BofA
Price Target
$40
2026-04-15
New
initiated
NULL
to
Underperform
Reason
BofA resumed coverage of CarMax with an Underperform rating and $40 price target after the company reported Q4 sales of $5.96B, down 1% year-over-year but above the Street at $5.74B, and EPS below expectations as unit declines moderate from lower prices. While "constructive" on CarMax's overall long-term strategy, the firm cites continued comp unit declines and market share loss for its Underperform rating.
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Valuation Metrics

The current forward P/E ratio for Carmax Inc (KMX.N) is 15.31, compared to its 5-year average forward P/E of 21.08. For a more detailed relative valuation and DCF analysis to assess Carmax Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
21.08
Current PE
15.31
Overvalued PE
26.01
Undervalued PE
16.15

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
27.16
Current EV/EBITDA
13.53
Overvalued EV/EBITDA
31.90
Undervalued EV/EBITDA
22.42

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.45
Current PS
0.22
Overvalued PS
0.59
Undervalued PS
0.31

Financials

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Whales Holding KMX

S
SRS Investment Management, LLC
Holding
KMX
+97.19%
3M Return
K
Kovitz Investment Group Partners, LLC
Holding
KMX
+7.67%
3M Return
D
Diamond Hill Capital Management, Inc.
Holding
KMX
+5.15%
3M Return
F
First Pacific Advisors, LP
Holding
KMX
+4.34%
3M Return
A
Apollo Global Management, Inc.
Holding
KMX
+1.36%
3M Return
A
Arlington Value Capital, LLC
Holding
KMX
-0.54%
3M Return

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Frequently Asked Questions

What is Carmax Inc (KMX) stock price today?

The current price of KMX is 40.29 USD — it has decreased -1.44

What is Carmax Inc (KMX)'s business?

CarMax, Inc. is a retailer of used autos. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The 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. The CAF segment consists solely of its own finance operation that provides financing for customers buying retail vehicles from the Company. The CAF segment also services all auto loans, it originates and is responsible for providing billing statements, collecting payments, maintaining contact with delinquent customers, and arranging for the repossession of vehicles securing defaulted loans. It provides customers with a range of other related products and services, including extended protection plan (EPP) products and vehicle repair services.

What is the price predicton of KMX Stock?

Wall Street analysts forecast KMX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KMX is33.60 USD with a low forecast of 24.00 USD and a high forecast of 37.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Carmax Inc (KMX)'s revenue for the last quarter?

Carmax Inc revenue for the last quarter amounts to 5.95B USD, decreased -0.95

What is Carmax Inc (KMX)'s earnings per share (EPS) for the last quarter?

Carmax Inc. EPS for the last quarter amounts to -0.85 USD, decreased -246.55

How many employees does Carmax Inc (KMX). have?

Carmax Inc (KMX) has 27796 emplpoyees as of April 20 2026.

What is Carmax Inc (KMX) market cap?

Today KMX has the market capitalization of 5.80B USD.