CarMax

CarMax is a Virginia-based 225 automotive retail stores operator and online marketplace that sells, trades and finances new and used cars. Read more

William D. Nash's photo - President & CEO of CarMax

President & CEO

William D. Nash

CEO Approval Rating

75/100

Founded:

1993

Status:

PublicIndependent CompanyNYSEKMX

CARMAX TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

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AutoNation has been one of CarMax's top competitors. AutoNation is a Public company that was founded in 1996 in Fort Lauderdale, Florida. Like CarMax, AutoNation also competes in the Automobile Dealers, Service providers, Online Platforms sector. Compared to CarMax, AutoNation has 3,400 fewer employees.

KAR is seen as one of CarMax's biggest rivals. KAR is a Public company that was founded in Carmel, Indiana in 2006. Like CarMax, KAR also operates in the Automobile Dealers, Service providers, Online Platforms sector. KAR has 15,000 fewer employees vs. CarMax.

Manheim is perceived as one of CarMax's biggest rivals. Manheim was founded in Atlanta, Georgia} in 1945. Like CarMax, Manheim also competes in the Automobile Dealers, Service providers, Online Platforms space. Compared to CarMax, Manheim generates $16.4B less revenue.

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CarMax Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$19B

CarMax's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 9.3B. Over the last four quarters, CarMax's revenue has decreased by 71%. Specifically, in Q1 2021's revenue was $1.9B; in Q4 2020, it was $5.2B; in Q3 2020, it was $5.4B; in Q2 2020, CarMax's revenue was $6.5B.

CarMax Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Edmunds, Inc.

Apr 2021

Source »
$404M
Edmunds is a California-based online platform that allows users to buy new and used passenger cars, sports utility vehicles and trucks.

These are all the companies that CarMax has acquired. CarMax's latest acquisition was Edmunds, Inc. in Apr 2021. Edmunds is a California-based online platform that allows users to buy new and used passenger cars, sports utility vehicles and trucks.

CarMax Funding History

Since CarMax was founded in 1993, it has participated in 2 rounds of funding. In total CarMax has raised $535.4M. CarMax's last funding round was on May 2021 for a total of $98.2M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Post-IPO Equity
May 2021
$98.2M
-
IPO
Feb 1997
$437.2M

Since CarMax was founded in 1993, it has participated in 2 rounds of funding. In total CarMax has raised $535.4M. CarMax's last funding round was on May 2021 for a total of $98.2M

CarMax Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Edmunds is a California-based online platform that allows users to buy new and used passenger cars, sports utility vehicles and trucks.
$50M
Jan 28, 2020
Equity
-
RepairPal is an online platform that allows users to find auto shops and car repair estimates.
$5M
Nov 27, 2017
Equity
-

These are all the companies that CarMax has invested in. CarMax's latest investment was Edmunds, Inc. in Apr 2021. Edmunds is a California-based online platform that allows users to buy new and used passenger cars, sports utility vehicles and trucks.

CarMax News

June 4, 2021Ratchet and Wrench

CarMax To Hire 1,800 Service Professionals

New hires will help the company increase its preparation of vehicles for retail to support increasing... See more »
May 19, 2021CNBC

Target, Lowe's, MicroStrategy, CarMax & more

The stocks making the biggest moves in premarket trading include Target, Lowe's, MicroStrategy, CarMa... See more »
May 12, 2021MarketScreener

2021 Proxy Statement

(marketscreener.com) Dear Fellow CarMax Shareholders: I am pleased to invite you to attend the 2021 a... See more »
May 6, 2021Markets Insider

CarMax Discusses Strategy to Drive Revenue Growth and Accelerate Market Share Gains at Its 2021 Analyst Day Event

CarMax, Inc. (NYSE: KMX), the nation's largest and most profitable retailer of used autos, is hosting... See more »
April 28, 2021Entrepreneur

CarMax Ready to Breakout?

A key level of resistance has formed in the chart of CarMax (KMX). If the stock breaks through this l... See more »

CarMax Press Releases

September 24, 2020Business Wire

Largest Used Car Retailer Completes Roll Out of Online Car Buying Nationwide

RICHMOND, Va.--(BUSINESS WIRE)--CarMax, Inc. (NYSE: KMX), the nation's largest retailer of used cars,... See more »
March 19, 2020StreetInsider

CarMax Announces Conference Call and Webcast Information for Fourth Quarter and Fiscal Year 2020 Results

RICHMOND, Va.--(BUSINESS WIRE)-- CarMax, Inc. (NYSE: KMX) will report its financial results for the f... See more »
February 18, 2020PR Newswire

The CarMax Foundation and KaBOOM! Explore How Play Helps Kids Develop 21st Century Skills

WASHINGTON, Feb. 18, 2020 /PRNewswire/ -- The CarMax Foundation and KaBOOM! released an independent r... See more »
December 5, 2019centralcharts

CarMax Announces Third Quarter Conference Call

CarMax, Inc. (NYSE:KMX) will report its financial results for the third quarter ending November 30, 2... See more »
November 7, 2019University Chronicle

Veterans With The Mission Continues Celebrate Veterans Day With Community Service

Veterans Team Up with BAE Systems and CarMax for a Month-Long Service Campaign to Positively Impact C... See more »
October 24, 2019centralcharts

Sofdesk raises $5.7M to fuel growth & solidify its leadership in North America

Sofdesk raises $5.7M to fuel growth & solidify its leadership in North America PR Newswire MONTREAL, ... See more »
October 15, 2019GlobalNewswire

CarMax Rolls into New England with New Retail Concept

Now offering home delivery and expedited pick-upNow offering home delivery and expedited pick-up... See more »

CarMax Videos

Social Media

CarMax Headquarters

12800 Tuckahoe Creek Parkway

Richmond, Virginia23238

1-800-519-1511

Driving Directions »

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CarMax Summary

ABOUT

Overview

CarMax is a Virginia-based 225 automotive retail stores operator and online marketplace that sells, trades and finances new and used cars. CarMax was founded in 1993. CarMax's headquarters is located in Richmond, Virginia, USA 23238. It has raised 535...

CEO

CarMax's President & CEO, William D. Nash, currently has an approval rating of 75%. CarMax's primary competitors are AutoNation, KAR & Manheim.

Website

carmax.com

Frequently Asked Questions about CarMax

  1. When was CarMax founded?

    CarMax was founded in 1993
  2. Who is CarMax's CEO?

    CarMax's CEO is William D. Nash
  3. How much revenue does CarMax generate?

    CarMax generates $19B in revenue
  4. How much funding does CarMax have?

    CarMax has historically raised $535.4M in funding
  5. Where is CarMax's headquarters?

    CarMax's headquarters is in Richmond Virginia, USA
  1. How many employees does CarMax have?

    CarMax has 25,000 employees
  2. What sector does CarMax operate in?

    CarMax is in Automobile Dealers, Service providers, Online Platforms
  3. Who are CarMax's competitors?

    CarMax's top competitors are AutoNation, KAR, Manheim
  4. Who has CarMax invested in?

    CarMax's has invested in companies such as Edmunds, RepairPal