CarMax, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Company Description
- CEO
- Keith Barr
- Full Time Employees
- 27,796
- Sector
- Consumer Cyclical
- Industry
- Auto - Dealerships
- Address
- 12800 Tuckahoe Creek Parkway Richmond VA United States of America 23238
- IPO Date
- Feb 4, 1997
- CIK
- 0001170010
- Website
- carmax.com
- Similar Companies
- Business
- CarMax, Inc. (NYSE: KMX) operates as the nation's largest retailer of used vehicles in the United States, offering a customer-centric omni-channel experience that integrates online browsing, in-store sales, and nationwide delivery through more than 250 locations across 41 states; the company retails certified pre-owned automobiles with no-haggle upfront pricing, detailed vehicle history reports, and comprehensive inspections, while also providing wholesale vehicle auctions, vehicle reconditioning and repair services, extended protection plans, and financing through its CarMax Auto Finance (CAF) segment, which originates and services auto loans across prime, Tier 2, Tier 3, and non-prime credit spectrums. Founded in 1993 in Richmond, Virginia, where it maintains headquarters, CarMax spun off from Circuit City and has evolved to focus exclusively on used vehicles after divesting new car franchises by 2021. The company targets individual consumers and serves institutional buyers via wholesale channels, with CAF generating significant finance income from retail sales. In recent developments, CarMax expanded its physical footprint in fiscal 2025 by opening five new retail stores, including its 250th location in Visalia, California, and Mays Landing, New Jersey, alongside stand-alone reconditioning centers in Richland, Mississippi, and auction facilities in Chino, California; the company launched its first non-prime and higher-prime asset-backed securitization transactions in June and July 2025 to bolster CAF funding capacity and support growth in subprime lending. Fiscal 2026 plans include six additional stores and four reconditioning/auction centers, with capital expenditures of approximately $575 million, complemented by new digital tools such as at-home pickup and Offer Watch services to enhance omni-channel convenience and vehicle selling. CarMax also repurchased over 5 million shares for nearly $300 million in the past year, underscoring confidence in long-term earnings growth through operational efficiencies, EV retail leadership, and SG&A leverage.
Company News
CarMax (KMX) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
CARMAX, INC. (NYSE: KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty
CarMax (KMX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
A New Hollywood? Plus, CarMax Cuts Jobs Again
CarMax Cuts 145 Corporate Jobs in Third Layoff Round in 11 Months
CarMax Cuts Jobs for Third Time in 12 Months Amid Soft Auto Market
Top Wall Street Forecasters Revamp CarMax Expectations Ahead Of Q2 Earnings
CarMax: The Share Price Has Risen Faster Than The Underlying Business (Earnings Preview)
Comparing CarMax (NYSE:KMX) and MarineMax (NYSE:HZO)
Why CarMax (KMX) is a Top Value Stock for the Long-Term
CarMax Announces Second Quarter Conference Call
CARMAX, INC. (NYSE: KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty
Will CarMax (KMX) Beat Estimates Again in Its Next Earnings Report?
Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 24,880 CarMax, Inc. $KMX
Alyeska Investment Group L.P. Makes New Investment in CarMax, Inc. $KMX
CarMax, Inc. (NYSE:KMX) Receives $51.00 Average Target Price from Analysts
CARMAX, INC. (KMX) SHAREHOLDER INVESTIGATION ALERT: Bernstein Liebhard Investigates Potential Breaches of Fiduciary Duty
Biglari Capital CORP. Makes New Investment in CarMax, Inc. $KMX
Biglari Sardar Buys New Stake in CarMax, Inc. $KMX
Carvana Jumps 5% as Risk Appetite Returns to High-Beta Names; CarMax and Lithia Motors Inch Higher