CarMax, Inc vs Lennar Corporation — how do they compare? CarMax, Inc trades at $55.91 (market cap $7.93B), while Lennar Corporation trades at $82 (market cap $19.92B). The key difference: Lennar Corporation is far larger — about 2.5× CarMax, Inc's market cap, and Lennar Corporation pays a 2.41% dividend while CarMax, Inc pays none. Which is the better fit depends on your goals.
| KMX | LEN | |
|---|---|---|
Market Cap | $7.93B | $19.92B |
Sector | Consumer Cyclical | Consumer Cyclical |
52-Week High | $63.53 | $142.40 |
52-Week Low | $30.88 | $82.30 |
Enterprise Value | $26.44B | $23.80B |
Dividend Yield | — | 2.41% |
Trailing returns across standard periods
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.
Read more on KMX →Lennar is the second-largest public homebuilder in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.
Read more on LEN →