US · KMX
CarMax, Inc.
- Sector
- Consumer Cyclical · Auto - Dealerships
- Headquarters
- Richmond, VA 23238
- Website
- carmax.com
Price · as of 2025-02-28
$38.53
Market cap 6.34B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $110.24 | +186.11% |
| Intrinsic Value(DCF) | $26.44 | -31.38% |
| Graham-Dodd Method(GD) | $55.40 | +43.77% |
| Graham Formula(GF) | $26.20 | -32% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $31.81 | $41.33 | $36.54 | $18.78 | $56.58 |
| 2012 | $29.59 | $30.74 | $193.91 | $20.96 | $33.76 |
| 2013 | $46.98 | $28.87 | $154.07 | $22.76 | $32.96 |
| 2014 | $44.98 | $39.14 | $152.47 | $25.85 | $48.68 |
| 2015 | $71.53 | $46.42 | $180.27 | $28.49 | $58.03 |
| 2016 | $50.41 | $56.31 | $63.89 | $29.62 | $43.71 |
| 2017 | $59.71 | $54.41 | $0.00 | $32.80 | $42.53 |
| 2018 | $63.80 | $80.51 | $0.00 | $36.34 | $60.16 |
| 2019 | $79.07 | $115.09 | $0.00 | $43.38 | $65.12 |
| 2020 | $76.69 | $123.91 | $0.00 | $49.81 | $104.66 |
| 2021 | $129.99 | $163.43 | $0.00 | $49.63 | $10.07 |
| 2022 | $94.70 | $143.98 | $2,846.21 | $66.81 | $499.73 |
| 2023 | $70.61 | $119.94 | $805.25 | $49.72 | $6.72 |
| 2024 | $71.71 | $112.61 | $117.25 | $52.64 | $0.00 |
| 2025 | $66.10 | $110.24 | $0.00 | $55.40 | $26.20 |
AI valuation
Our deep-learning model estimates CarMax, Inc.'s (KMX) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $110.24
- Current price
- $38.53
- AI upside
- +186.11%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$26.44
-31.38% upside
Graham-Dodd
$55.40
+43.77% upside
Graham Formula
$26.20
-32% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| KMX | CarMax, Inc. | $38.53 | 6.34B | +186% | -31% | +44% | -32% | 20.51 | 1.64 | 0.36 | 27.03 | 326.03 | 1.68 | 11.43% | 2.80% | 1.77% | 8.13% | 2.35% | 1.83% | 3.11 | 7.31 | 2.31 | 0.20 | 17.61 | 629.00% | -2.00% | -243931.00% | 1.52% | 0.28 | 0.62% | 0.00% | 0.00% | 4.17% | 37.32 | 188.16 | 1.04 | 1.76 |
| ABG | Asbury Automotive Group, … | $213.78 | 4.16B | +3% | -56% | -2% | +51% | 6.17 | 1.05 | 0.23 | 10.14 | 36.57 | -8.40 | 16.61% | 5.57% | 2.73% | 17.91% | 7.89% | 5.99% | 1.63 | 3.59 | 0.95 | 0.18 | 6.14 | 1688.00% | 471.00% | 5884.00% | 14.10% | 0.22 | 6.11% | 0.00% | 0.00% | 2.76% | 10.36 | 17.99 | 0.58 | 2.53 |
| ALSN | Allison Transmission Hold… | $125.30 | 10.43B | +14% | -41% | -85% | -89% | 17.11 | 5.71 | 3.54 | 11.78 | — | -10.64 | 48.37% | 32.33% | 20.70% | 35.42% | 22.91% | 10.91% | 1.56 | 9.93 | 4.85 | 3.97 | 1.39 | -1179.00% | -667.00% | -137.00% | 6.09% | 1.79 | 19.72% | 0.85% | 14.60% | 5.93% | 12.42 | 18.62 | 4.02 | 2.88 |
| AN | AutoNation, Inc. | $195.16 | 6.77B | +16% | -60% | -44% | -2% | 11.33 | 3.14 | 0.27 | 11.62 | 1597.64 | -75.74 | 17.00% | 4.83% | 2.35% | 27.05% | 8.35% | 4.74% | 4.35 | 3.62 | 0.84 | 0.18 | 6.73 | 71.00% | 324.00% | 133116.00% | -2.69% | 0.02 | -1.68% | 0.00% | 0.00% | 10.76% | 13.09 | -88.51 | 0.63 | 3.10 |
| BYD | Boyd Gaming Corporation | $83.23 | 6.28B | +73% | -46% | +47% | +229% | 3.66 | 2.58 | 1.65 | 3.46 | 1.38 | 38.40 | 42.14% | 21.43% | 45.05% | 87.98% | 12.92% | 27.83% | 1.25 | 5.56 | 0.54 | 0.45 | 1.04 | 26446.00% | 412.00% | -3022.00% | 5.76% | 1.00 | 7.25% | 0.86% | 3.20% | 22.83% | 11.01 | 24.85 | 2.36 | 2.43 |
| GPI | Group 1 Automotive, Inc. | $325.74 | 4.11B | +6% | -61% | -57% | +59% | 12.71 | 1.48 | 0.18 | 11.66 | — | -11.82 | 15.51% | 4.23% | 1.42% | 11.29% | 8.18% | 3.22% | 2.10 | 3.36 | 1.08 | 0.20 | 6.82 | -3128.00% | 1323.00% | 2441.00% | 10.27% | 0.20 | 5.05% | 0.62% | 7.90% | 14.05% | 10.44 | 23.49 | 0.44 | 3.44 |
| HRB | H&R Block, Inc. | $30.62 | 3.88B | +110% | +50% | — | +79% | 11.10 | 75.66 | 1.79 | 8.27 | 169.42 | -6.92 | 44.53% | 22.01% | 16.11% | 674.99% | 48.24% | 18.69% | 26.41 | 10.60 | 0.90 | 0.82 | 1.38 | 655.00% | 417.00% | -888.00% | 8.90% | 0.52 | 44.74% | 2.93% | 32.60% | 9.43% | 9.75 | 13.48 | 2.15 | 3.22 |
| LAD | Lithia Motors, Inc. | $279.58 | 6.78B | +29% | -61% | +39% | +38% | 8.41 | 1.05 | 0.18 | 11.36 | 95.14 | 5.05 | 14.54% | 4.06% | 2.18% | 12.43% | 5.55% | 3.42% | 2.22 | 3.04 | 1.17 | 0.22 | 7.65 | 884.00% | 400.00% | 16038.00% | 2.76% | 0.08 | 0.93% | 0.80% | 6.70% | 14.64% | 13.92 | 110.94 | 0.57 | 1.98 |
| LEA | Lear Corporation | $131.25 | 6.98B | -17% | -61% | -58% | -51% | 12.97 | 1.36 | 0.29 | 13.63 | — | 2.17 | 6.47% | 3.34% | 1.88% | 11.11% | 7.78% | 3.65% | 0.81 | 7.71 | 1.35 | 0.87 | 4.23 | -914.00% | -18.00% | -609.00% | 7.71% | 0.19 | 6.77% | 2.41% | 31.30% | 7.17% | 12.73 | 18.77 | 0.43 | 2.91 |
| LNW | Light & Wonder, Inc. | $99.75 | 8.43B | — | — | — | -34% | — | — | — | — | — | — | 70.80% | 20.95% | 10.54% | 47.97% | 12.36% | 6.12% | 6.16 | 2.28 | 1.61 | 1.06 | 3.41 | 11029.00% | 986.00% | -287.00% | — | 0.86 | 7.83% | — | 0.00% | — | — | — | — | — |
| MAT | Mattel, Inc. | $16.95 | 5.27B | +171% | -55% | -48% | -44% | 13.12 | 2.34 | 0.98 | 8.84 | — | 6.19 | 48.87% | 11.59% | 7.44% | 17.68% | 13.63% | 6.03% | 1.28 | 5.22 | 2.15 | 1.61 | 2.10 | -2152.00% | -59.00% | -10000.00% | 0.00% | 0.41 | 0.00% | 0.00% | 0.00% | 0.00% | 11.04 | — | 1.28 | 2.13 |
About CarMax, Inc.
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.
- CEO
- David W. McCreight
- Employees
- 30.05K
- Beta
- 1.35
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($26.44 ÷ $38.53) − 1 = -31.38% (DCF, example).