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Intrinsic value of CarMax, Inc. (KMX)

Previous Close$69.10
Intrinsic Value
Upside potential
Previous Close
$69.10

VALUATION INPUT DATA (original, your and others' valuations)

ParameterOrig.Your
Date of valuation (DoV)  
Intrinsic value (IV) at DoV, $/sh  
IV at current val. algorithm, $/sh11.42 

The original valuation is based on fiscal year data as of 2022-02-28 and quarterly data as of 2022-08-31.

Registered users can save their valuation input data

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.

Company description

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.

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047

INCOME STATEMENT

Revenue growth rate, %68.3NaN
Revenue, $31900NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m30348NaN
Operating income, $m1552NaN
EBITDA, $m1825NaN
Interest expense (income), $mNaN
Earnings before tax, $m1492NaN
Tax expense, $m341NaN
Net income, $m1151NaN

BALANCE SHEET

Cash and short-term investments, $m651NaN
Total assets, $m26672NaN
Adjusted assets (=assets-cash), $m26021NaN
Average production assets, $m3687NaN
Working capital, $m4502NaN
Total debt, $m19430NaN
Total liabilities, $m21437NaN
Total equity, $m5235NaN
Debt-to-equity ratio3.712NaN
Adjusted equity ratio0.199NaN

CASH FLOW

Net income, $m1151NaN
Depreciation, amort., depletion, $m273NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m-2549NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-308NaN
Free cash flow, $m-2241NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m4502
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN
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