What is Carmax?

CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. This disruptive thinking has helped us become the nation’s largest retailer of used cars with more than 200 stores nationwide. (source)

Carmax Revenue Totals

Carmax annual revenue:

• FY 2021: $18.950 billion
• FY 2020: $20.320 billion
• FY 2019: $18.172 billion
• FY 2018: $17.120 billion
• FY 2017: $15.875 billion
• FY 2016: $15.149 billion
• FY 2015: $14.268 billion
• FY 2014: $12.574 billion

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Carmax annual net earnings:

• FY 2021: $746.9 million
• FY 2020: $888.4 million
• FY 2019: $842.4 million
• FY 2018: $664.1 million
• FY 2017: $627 million
• FY 2016: $623.4 million
• FY 2015: $597.4 billion
• FY 2014: $492.6 billion

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Additional Carmax Statistics

Number of Carmax stores:

203 stores

Last updated 3/1/19

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Number of cars sold through Carmax:

6 million

Last updated 9/15/18

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Number of Carmax wholesale auctions:

76

Last updated 3/1/19

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Used vehicles sold through Carmax per year:

• FY 2021: 751,862 vehicles
• FY 2019: 748,961
• FY 2018: 721,512
• FY 2017: 671,294
• FY 2016: 619,936
• FY 2015: 582,282

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Wholesale vehicles sold through Carmax per year:

• FY 2021: 426,268 vehicles
• FY 2019: 447,491
• FY 2018: 408,509
• FY 2017: 391,686
• FY 2016: 394,437
• FY 2015: 376,186

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Please note that some of these numbers are easier to find than others. A few of these Carmax statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.

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