ING Groep NV vs CarMax, Inc — how do they compare? ING Groep NV trades at $32.22 (market cap $92.65B), while CarMax, Inc trades at $55.91 (market cap $7.93B). The key difference: ING Groep NV is far larger — about 11.7× CarMax, Inc's market cap, and ING Groep NV pays a 3.93% dividend while CarMax, Inc pays none. Which is the better fit depends on your goals.
| ING | KMX | |
|---|---|---|
Market Cap | $92.65B | $7.93B |
Sector | Financials | Consumer Cyclical |
52-Week High | $33.31 | $63.53 |
52-Week Low | $22.71 | $30.88 |
Dividend Yield | 3.93% | — |
Enterprise Value | — | $26.44B |
Trailing returns across standard periods
The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support--a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market- leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.
Read more on ING →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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