CarMax is a holding company. Through its subsidiaries, Co. is engaged as a retailer of used vehicles. Co. operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance (CAF). Co.'s CarMax Sales Operations segment sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options. CAF provides financing solely to customers buying retail vehicles from Co. CAF also services various auto loans it originates and is responsible for providing billing statements, collecting payments, maintaining contact with customers, and arranging for the repossession of vehicles securing defaulted loans. We show 57 historical shares outstanding datapoints in our KMX shares outstanding history coverage, used to compute KMX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Carmax market cap history over the course of time is important for investors
interested in comparing Carmax's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Carmax versus a peer is one thing; comparing
Carmax market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Carmax can fluctuate over the course of history.
With this page we aim to empower investors researching Carmax by allowing them to research the Carmax market cap history. |
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Video: The Importance of Market Cap
