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CarMax KMX Acquisitions

Acquisitions at other companies

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AutoNationAN
$0-100%
LAD
Lithia MotorsLAD
$76.4M-60.6%
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Group 1 AutomotiveGPI
$600K-96.0%
Sonic Automotive logo
Sonic AutomotiveSAH
-$880.6M-1,507%
Carvana logo
CarvanaCVNA
$29M
Penske Automotive Group logo
Penske Automotive GroupPAG
$669.7M

Other financials

Income statement

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Revenue$8.0B+6.2%
Gross profit$854.4M-4.4%
Net income$185.6M-11.8%
EPS (diluted)$1.31-5.1%

Balance sheet

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Cash & equivalents$132.2M-49.7%
Total debt$2.8B+20.0%
Total assets$26.6B-2.8%

Cash flow

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Operating cash flow$17.6M-94.1%
CapEx$103.3M-24.4%
Free cash flow-$85.7M-153%

Valuation

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Market cap$8.24B-2.3%
Enterprise value$10.89B+3.8%
P/E14.9×-19.2×
P/S0.3×0.0×

Profitability

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Gross margin10.5%-0.7pp
Net margin1.8%0.0pp
FCF margin7.5%

Returns & leverage

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Current ratio2.7×+0.3×

Where this comes from

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: CarMax’s 10-K, filed April 15, 2024.

Filed
Apr 15, 2024
Fiscal year
FY2024
Accession
0001170010-24-000034
(In thousands)Years Ended February 29 or 28 / 2024Years Ended February 29 or 28 / 2023Years Ended February 29 or 28 / 2022
Proceeds from sale of business12,298
Purchases of investments(6,193)(12,526)(24,614)
Sales and returns of investments3,1514,28038,408
Business acquisition, net of cash acquired(241,563)
NET CASH USED IN INVESTING ACTIVITIES(466,998)(425,766)(523,745)
FINANCING ACTIVITIES:
Proceeds from issuances of long-term debt134,6003,020,7007,684,400
Payments on long-term debt(246,067)(4,275,353)(5,752,796)

Item 8. Consolidated Financial Statements and Supplementary Data.

FAQ

What is CarMax's acquisitions?
CarMax (KMX) reported acquisitions of $0 in Q4 2023.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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