CarMax, Inc vs Target Corporation — how do they compare? CarMax, Inc trades at $55.91 (market cap $7.93B), while Target Corporation trades at $138.64 (market cap $63.40B). The key difference: Target Corporation is far larger — about 8× CarMax, Inc's market cap, and Target Corporation pays a 3.32% dividend while CarMax, Inc pays none. Which is the better fit depends on your goals.
| KMX | TGT | |
|---|---|---|
Market Cap | $7.93B | $63.40B |
Sector | Consumer Cyclical | Consumer Cyclical |
52-Week High | $63.53 | $141.19 |
52-Week Low | $30.88 | $83.68 |
Enterprise Value | $26.44B | $78.70B |
Dividend Yield | — | 3.32% |
Trailing returns across standard periods
Latest headlines on both assets
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 →With 1,926 stores (as of the end of fiscal 2021), Target is a leading American general merchandise retailer, offering a variety of products across several categories, including beauty and household essentials (26% of fiscal 2021 sales), food and beverage (19%), home furnishings and décor (19%), hardlines (18%), and apparel and accessories (17%). Most of Target's stores are large, averaging more than 125,000 square feet. The company has a significant e-commerce presence, deriving around 19% of sales from the channel (up from about 9% in fiscal 2019, before the pandemic). In addition to its namesake stores, Target owns Shipt, an online same-day delivery platform. After it exited Canada in 2015, virtually all of Target's revenue is generated from the United States.
Read more on TGT →