Carmax Inc Stock: price and insider trades · United States

From a competitive standpoint, CarMax holds a leading position in a highly fragmented U.S. used-car market. Scale matters in this business: the company has the purchasing power, logistics network, reconditioning capability, and brand recognition to differentiate itself from smaller independent dealers. It is also one of the nation’s largest operators of wholesale vehicle auctions and one of the largest providers of used-vehicle financing in the United States, which strengthens its strategic moat and supports a more diversified earnings profile. ([investors.carmax.com](https://investors.carmax.com/ir-home/?utm_source=openai))

CarMax’s key offerings include certified and reconditioned used vehicles, vehicle acquisition from consumers, trade-ins, wholesale auction services, extended protection plans, service and maintenance-related revenue, and retail auto loans. The financing arm is strategically important because it helps improve conversion and customer retention while generating recurring finance income. In fiscal 2026, CarMax reported 538,203 wholesale vehicles sold and said it was servicing approximately 1.0 million customer accounts in a $16.37 billion auto-loan portfolio as of February 28, 2026. It also disclosed that CAF financed 42.4% of its retail used-vehicle unit sales in fiscal 2026. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1170010/000117001026000021/kmx-20260228.htm?utm_source=openai))

Geographically, the business is overwhelmingly U.S.-focused, with stores across many states and major markets nationwide. Its headquarters remain in Richmond, Virginia, which is also where the company’s digital and technology innovation functions are anchored. Recent highlights include a strong first quarter of fiscal 2026, reported in June 2025, with higher retail unit sales, stronger gross profit, and improved earnings per share. Management also said it expanded its non-prime funding program within CAF, signaling an effort to broaden financing capacity while managing credit risk. For investors, CarMax remains a cyclical consumer-discretionary and distribution name with a resilient national platform, but its performance still depends on used-car demand, vehicle sourcing, credit conditions, and broader U.S. auto-market trends. ([media.carmax.com](https://media.carmax.com/press-releases/news-release/2025/CarMax-Reports-First-Quarter-Fiscal-Year-2026-Results/default.aspx?utm_source=openai))