CarMax Inc.

CarMax Inc. (KMX) is the largest used-car retailer in the United States, operating a nationwide network of retail stores and an expanding online platform. The company buys, refurbishes and sells used vehicles and offers financing, extended warranties and other ancillary services. CarMax benefits from scale, a recognised brand and data-driven pricing, which can support margin resilience in a cyclical auto market. Its omnichannel approach aims to combine physical inspection and convenience of online search and delivery. Key considerations for investors include sensitivity to used-car prices, interest rates that affect financing demand, and macroeconomic cycles that influence consumer spending. The business has steady cash flow potential but faces competition from traditional dealers and new digital entrants. Market cap is roughly $6.6bn, which places CarMax in mid-cap territory. This summary is educational only and not personal financial advice; suitability depends on your goals, risk tolerance and circumstances.