KMX
CarMax, Inc.Consumer Cyclical · $8.0B market cap
Verdict
Share price
$54.92
close of Oct 3, 2026
Fair value
$33.62
Sticker Price
Payback Price
$13.45
buy price
KMX is Overpriced: at $54.92 it trades 63% above its fair value of $33.62. Its buy price (Payback Price) is $13.45, 76% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew -4% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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5 of the investors we track hold KMX. In Q2 2026, 3 trimmed. Who we track
First Pacific Advisors
First Pacific Advisors · as of Q2 2026
$159.1M
3,008,564 shares
Vulcan Value Partners
Vulcan Value Partners · as of Q2 2026
$48.3M
912,638 shares
John Rogers
Ariel Investments · as of Q2 2026
$18.3M
346,538 shares
Thomas Gayner
Markel Group · as of Q2 2026
$7.2M
136,500 shares
Hillman Capital Management
Hillman Capital Management · as of Q2 2026
$4.8M
91,385 shares
Moves in Q2 2026
Trimmed: Vulcan Value Partners, John Rogers, Hillman Capital Management
Insider activity
Since Jun 22, 2026: 5 open-market purchases worth $1.0M and 13 other filings (stock awards, tax withholding and similar). Why purchases matter
Purchases
Shinder Marcella
director · 2026-06-25
Bought
$30K
Chawla Sona
director · 2026-06-25
Bought
$107K
ONeil Mark F
director · 2026-06-24
Bought
$251K
Barr Keith
President and CEO · 2026-06-22
Bought
$498K
Bensen Peter J
director · 2026-06-22
Bought
$131K
Other filings
Satriano Pietro
director · 2026-06-26
Award
3,696 shares
Shinder Marcella
director · 2026-06-26
Award
3,696 shares
Bensen Peter J
director · 2026-06-26
Award
3,696 shares
FOLLIARD THOMAS J
director · 2026-06-26
Award
3,696 shares
Chawla Sona
director · 2026-06-26
Award
3,696 shares
Show all 13 other filingsShow fewer
ONeil Mark F
director · 2026-06-26
Award
3,696 shares
COBB WILLIAM C
director · 2026-06-26
Award
3,696 shares
OShaughnessy Robert
director · 2026-06-26
Award
3,696 shares
KESSLER JAMES FRANCIS
director · 2026-06-26
Award
3,696 shares
McCreight David W.
director · 2026-06-26
Award
3,696 shares
FOLLIARD THOMAS J
director · 2026-06-23
Option exercise
14,855 shares
FOLLIARD THOMAS J
director · 2026-06-23
Tax withholding
$188K
FOLLIARD THOMAS J
director · 2026-06-23
Option exercise
$771K
About CarMax, Inc.
CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and…
Auto - Dealerships
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works