stock.name

Carmax Inc

KMX

Market Cap$11.51B
Close$

Compare Carmax

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Carmax IncCarmax Inc23.10%8%0.53.1
marketMarket Avg49.61.28%30%6.11.1
Consumer DiscretionaryConsumer Discretionary Avg25.60.72%65%3.31.9

Earnings Call Q3 2023

December 22, 2022 - AI Summary

CarMax reported total sales of $6.5 billion for the third quarter, a 24% decrease compared to the same period last year.
Retail unit sales declined by 20.8%, with used unit comps down 22.4%.
Wholesale performance was also impacted, with gross profit per unit decreasing from $1,131 to $966.
The company took deliberate steps to manage through the challenging market conditions, including reducing SG&A expenses, selling a higher mix of older lower-priced vehicles, and slowing vehicle purchases in response to steep depreciation.
CarMax has prioritized initiatives that unlock operational efficiencies and create better experiences for customers, while selectively investing in projects that have the potential to deliver new capabilities.
The company paused share buybacks, slowed CapEx spending, and plans to open only five new locations in fiscal year 2024, reflecting a conservative approach to capital structure and store growth.
$71.00

Target Price by Analysts

10.1% downsideCarmax Target Price DetailsTarget Price
$73.95

Current Fair Value

6.4% downside

Overvalued by 6.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$11.51 Billion
Enterprise Value$29.83 Billion
Dividend Yield$0.0 (0.0%)
Earnings per Share$3.14
Beta1.54
Outstanding Shares157,900,000
Avg 30 Day Volume1,722,855

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio23.11
PEG19.55
Price to Sales0.47
Price to Book Ratio2.08
Enterprise Value to Revenue1.12
Enterprise Value to EBIT38.79
Enterprise Value to Net Income59
Total Debt to Enterprise0.63
Debt to Equity3.13

Revenue Sources

No data

ESG Score

No data

About Carmax Inc

CEO: William Nash