Innovative Industrial Properties Inc vs CarMax, Inc — how do they compare? Innovative Industrial Properties Inc trades at $63.9 (market cap $1.87B), while CarMax, Inc trades at $55.91 (market cap $7.93B). The key difference: CarMax, Inc is far larger — about 4.2× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays a 11.81% dividend while CarMax, Inc pays none. Which is the better fit depends on your goals.
| IIPR | KMX | |
|---|---|---|
Market Cap | $1.87B | $7.93B |
Sector | Real Estate | Consumer Cyclical |
52-Week High | $64.67 | $63.53 |
52-Week Low | $44.58 | $30.88 |
Enterprise Value | $2.25B | $26.44B |
Dividend Yield | 11.81% | — |
Trailing returns across standard periods
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Read more on IIPR →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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