CarMax

CarMax

Search new and used cars, research models, and compare cars, all online at carmaxcom. Learn more

Launch date
Employees
Market cap
$11.9b
Enterprise valuation
$31.0b (Public information from Sep 2024)
Richmond Virginia (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues19.0b31.9b29.7b26.5b25.8b26.9b29.0b
% growth(7 %)68 %(7 %)(11 %)(3 %)4 %8 %
EBITDA1.3b2.1b1.3b1.7b1.0b1.1b1.4b
% EBITDA margin7 %7 %4 %6 %4 %4 %5 %
Profit747m1.2b485m479m458m559m764m
% profit margin4 %4 %2 %2 %2 %2 %3 %
EV / revenue1.1x0.7x0.4x0.5x0.6x0.6x0.6x
EV / EBITDA15.9x10.3x9.9x8.6x15.0x13.4x11.2x
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DateInvestorsAmountRound
N/A

N/A

IPO
N/A

N/A

IPO
*

$10.4m

Post IPO Equity
Total Funding-

Recent News about CarMax

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More about CarMaxinfo icon
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CarMax, accessible at carmax.com, is a leading retailer in the used car market, revolutionizing the auto industry with a customer-centric approach. The company operates primarily in the United States, serving a diverse range of clients from first-time car buyers to seasoned vehicle owners looking for reliable used cars. CarMax's business model is built on transparency and trust, offering a no-haggle pricing system that ensures customers get a fair deal without the stress of negotiating.

CarMax makes money by buying used cars from individuals and auctions, reconditioning them to meet high-quality standards, and then selling them at competitive prices. They also offer financing options and extended service plans, which provide additional revenue streams. Their innovative use of technology allows customers to browse inventory, get appraisals, and even complete purchases online, enhancing the overall customer experience.

The company is committed to integrity, honesty, and respect, values that are reflected in their hiring practices and employee benefits. CarMax proudly hires associates from the military and offers comprehensive benefits, including flexible time off, competitive medical plans, and a 401k plan with up to a 6% company match. This focus on employee well-being and development helps ensure a motivated and dedicated workforce.

CarMax's relentless drive for improvement and innovation has positioned it as an industry disruptor. They continuously seek ways to enhance their services and products, ensuring they stay ahead in the competitive used car market. Their commitment to delivering the best product and experience has made them the largest retailer of used cars in the U.S.

Keywords: used cars, no-haggle pricing, customer-centric, financing options, reconditioning, technology-driven, military hiring, employee benefits, industry disruptor, U.S. market.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by CarMax

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Edmunds
ACQUISITION by CarMax Apr 2021