CarMax Inc (KMX) Stock Forecasts


CarMax Inc. is primarily a retailer of used vehicles in the U.S. Established in 1993, the company operates over 240 used car stores. CarMax has two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Sales Operations segment sells used vehicles, purchases used vehicles, arranges financing options, and sells related products and services. CAF provides auto financing to CarMax customers, services the loans it originates, provides billing statements, collects payments, and coordinates the repossession of vehicles as needed. The company also receives income from expanded protection plans and service revenue. Headquartered in Richmond, Virginia, it has approximately 30,000 employees. KMX shares are a component of the S&P 500.

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