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Richmond, Virginia-based CarMax, Inc. (KMX) is one of the largest retailers of used vehicles in the U.S. and one of the nation's largest operators of wholesale vehicle auctions. With a market cap of $4.5 billion, CarMax operates through Sales Operations and Auto Finance segments.
The used vehicle retailer has significantly underperformed the broader market over the past year. KMX stock prices have tanked 58.2% on a YTD basis and 55.5% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 16.4% returns in 2025 and 14.1% gains over the past year.