Carmax Inc
NYSE:KMX
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Carmax Inc
Gross Margin
Carmax Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | US |
| Market Cap | 12.7B USD |
| Gross Margin |
11%
|
| Country | US |
| Market Cap | 71B USD |
| Gross Margin |
51%
|
| Country | US |
| Market Cap | 53.8B USD |
| Gross Margin |
20%
|
| Country | US |
| Market Cap | 52.5B USD |
| Gross Margin |
53%
|
| Country | ZA |
| Market Cap | 21.8B Zac |
| Gross Margin |
21%
|
| Country | US |
| Market Cap | 11B USD |
| Gross Margin |
11%
|
| Country | US |
| Market Cap | 11B USD |
| Gross Margin |
16%
|
| Country | TW |
| Market Cap | 353.8B TWD |
| Gross Margin |
11%
|
| Country | US |
| Market Cap | 10.4B USD |
| Gross Margin |
16%
|
| Country | ZA |
| Market Cap | 8.2B Zac |
| Gross Margin |
0%
|
| Country | US |
| Market Cap | 6.8B USD |
| Gross Margin |
18%
|
Carmax Inc
Glance View
CarMax Inc., founded in 1993, has revolutionized the used car sales industry with its innovative business model that emphasizes transparency and customer satisfaction. By eliminating the traditional haggling process, CarMax offers a straightforward and hassle-free shopping experience for consumers. The company's expansive inventory spans thousands of vehicles across various makes and models, allowing customers to explore options both online and in-store. With its signature 7-day money-back guarantee and rigorous vehicle inspection processes, CarMax fosters trust and loyalty among buyers. This approach has not only set it apart from competitors but has also positioned it as the largest used car retailer in the United States. As an investor, CarMax represents an intriguing opportunity within the automotive retail sector. The company has demonstrated consistent revenue growth, benefiting from a robust demand for used vehicles, particularly in times of economic uncertainty when consumers prefer more budget-friendly options. Its strategic expansion into e-commerce, coupled with investments in digital platforms, highlights CarMax’s commitment to adapting to changing consumer behaviors. Additionally, the company's operational efficiency, backed by a strong balance sheet, enhances its competitive edge. For those looking to capitalize on a company that has harnessed innovative strategies in a traditional industry, CarMax stands as a compelling candidate with substantial long-term growth potential.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Carmax Inc's most recent financial statements, the company has Gross Margin of 10.6%.
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