CarMax Inc

KMX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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A New CarMax CEO in Place Opens the Door to a Sales Turnaround

David Whiston

Feb 12, 2026

Business Strategy and Outlook

CarMax's revenue has grown at a compound annual rate of 10.8% since fiscal 2000 from customer-friendly sales practices and use of technology. We think the firm will eventually reach its over 5% zero to 10-year-old vehicle market share target, up from 3.7% in calendar 2023 and 2024. However, goals of $33 billion in revenue and selling a combined 2 million annual retail and auction units may change with a new CEO.

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To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

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CarMax Inc

A New CarMax CEO in Place Opens the Door to a Sales Turnaround

Business Strategy and Outlook

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