Franklin Resources, Inc. vs CarMax, Inc — how do they compare? Franklin Resources, Inc. trades at $33.37 (market cap $16.95B), while CarMax, Inc trades at $58.03 (market cap $8.26B). The key difference: Franklin Resources, Inc. is far larger — about 2.1× CarMax, Inc's market cap, and Franklin Resources, Inc. pays a 3.96% dividend while CarMax, Inc pays none. Which is the better fit depends on your goals.
| BEN | KMX | |
|---|---|---|
Market Cap | $16.95B | $8.26B |
Sector | Financials | Consumer Cyclical |
52-Week High | $35.77 | $62.17 |
52-Week Low | $21.18 | $30.88 |
Enterprise Value | $29.90B | $26.77B |
Dividend Yield | 3.96% | — |
Trailing returns across standard periods
Latest headlines on both assets
Franklin Resources provides investment services for individual and institutional investors. At the end of August 2022, Franklin had $1.388 trillion in managed assets, composed primarily of equity (32%), fixed-income (38%), multi-asset/balanced (10%) funds, alternatives (16%), and money market funds (4%). Distribution tends to be weighted more toward retail investors (49% of AUM) investors, as opposed to institutional (49%) and high-net-worth (2%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers with more than 35% of its AUM invested in global/international strategies and 25% of managed assets sourced from clients domiciled outside the United States.
Read more on BEN →CarMax sells, finances, and services used and new cars through a chain of over 230 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue and wholesale about 13%, with the remaining portion composed of extended service plans and repair. In fiscal 2022, the company retailed and wholesaled 924,338 and 706,212 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2021. It seeks over 5% share by the end of calendar 2025 and revenue between $33 billion to $45 billion by fiscal 2026. CarMax is based in Richmond, Virginia.
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