CarMax Free Cash Flow vs Net Income Analysis

0HTQ Stock

83.28 0.91 1.08%

CarMax financial indicator trend analysis is way more than just evaluating CarMax Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CarMax Inc is a good investment. Please check the relationship between CarMax Free Cash Flow and its Net Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CarMax Inc Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between CarMax's Free Cash Flow and Net Income is -0.42. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Net Income in the same time period over historical financial statements of CarMax Inc, assuming nothing else is changed. The correlation between historical values of CarMax's Free Cash Flow and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of CarMax Inc are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Free Cash Flow i.e., CarMax's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in CarMax Inc financial statement analysis. It represents the amount of money remaining after all of CarMax Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from CarMax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CarMax Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarMax Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 1.6 B in 2024. Tax Provision is likely to drop to about 244.5 M in 2024

	2021	2022	2023	2024 (projected)
Total Revenue	31.9B	29.7B	26.5B	27.9B
Depreciation And Amortization	273.2M	265.2M	260.4M	273.4M

Total Revenue Depreciation And Amortization

CarMax fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Short Term Debt	Retained Earnings	Common Stock	Current Deferred Revenue	Other Assets	Short Term Investments
Total Assets		0.64	0.97	0.94	0.99	0.99	0.97	0.34	1.0	0.23	0.12	0.28	-0.83	1.0	0.94	0.97	0.83	1.0	0.94	1.0	0.68	0.92	-0.81	0.32	-0.3	0.84
Other Current Liab	0.64		0.6	0.52	0.67	0.65	0.65	-0.01	0.65	-0.14	-0.14	0.13	-0.67	0.65	0.59	0.59	0.62	0.65	0.55	0.64	-0.07	0.51	-0.65	-0.03	-0.4	0.57
Total Current Liabilities	0.97	0.6		0.96	0.98	0.94	0.99	0.46	0.96	0.22	0.21	0.39	-0.8	0.95	0.92	0.95	0.77	0.96	0.95	0.95	0.75	0.95	-0.76	0.32	-0.41	0.82
Total Stockholder Equity	0.94	0.52	0.96		0.93	0.89	0.95	0.6	0.93	0.23	0.41	0.28	-0.67	0.91	0.88	0.87	0.74	0.91	0.93	0.91	0.77	1.0	-0.62	0.33	-0.48	0.72
Property Plant And Equipment Net	0.99	0.67	0.98	0.93		0.98	0.98	0.34	0.98	0.2	0.1	0.33	-0.87	0.98	0.92	0.97	0.81	0.98	0.92	0.98	0.67	0.91	-0.84	0.3	-0.38	0.87
Net Debt	0.99	0.65	0.94	0.89	0.98		0.95	0.23	0.99	0.22	0.01	0.27	-0.87	1.0	0.94	0.97	0.84	1.0	0.92	1.0	0.63	0.87	-0.85	0.32	-0.21	0.85
Accounts Payable	0.97	0.65	0.99	0.95	0.98	0.95		0.38	0.96	0.12	0.16	0.42	-0.83	0.96	0.95	0.95	0.81	0.96	0.96	0.96	0.68	0.93	-0.79	0.34	-0.38	0.83
Cash	0.34	-0.01	0.46	0.6	0.34	0.23	0.38		0.34	0.51	0.92	-0.11	0.04	0.28	0.21	0.24	0.07	0.28	0.36	0.29	0.62	0.62	0.12	-0.16	-0.56	0.17
Non Current Assets Total	1.0	0.65	0.96	0.93	0.98	0.99	0.96	0.34		0.27	0.11	0.22	-0.84	1.0	0.92	0.96	0.82	1.0	0.91	1.0	0.67	0.91	-0.81	0.27	-0.31	0.85
Non Currrent Assets Other	0.23	-0.14	0.22	0.23	0.2	0.22	0.12	0.51	0.27		0.29	-0.49	0.04	0.24	0.03	0.22	-0.09	0.23	0.06	0.25	0.44	0.22	0.04	-0.51	0.07	0.19
Cash And Short Term Investments	0.12	-0.14	0.21	0.41	0.1	0.01	0.16	0.92	0.11	0.29		-0.21	0.25	0.06	0.03	-0.01	-0.05	0.06	0.18	0.06	0.41	0.45	0.32	-0.11	-0.52	-0.07
Net Receivables	0.28	0.13	0.39	0.28	0.33	0.27	0.42	-0.11	0.22	-0.49	-0.21		-0.44	0.26	0.52	0.35	0.32	0.28	0.51	0.26	0.33	0.27	-0.38	0.75	0.05	0.3
Common Stock Shares Outstanding	-0.83	-0.67	-0.8	-0.67	-0.87	-0.87	-0.83	0.04	-0.84	0.04	0.25	-0.44		-0.85	-0.8	-0.87	-0.88	-0.85	-0.76	-0.85	-0.43	-0.64	0.99	-0.38	0.22	-0.86
Non Current Liabilities Total	1.0	0.65	0.95	0.91	0.98	1.0	0.96	0.28	1.0	0.24	0.06	0.26	-0.85		0.94	0.97	0.83	1.0	0.92	1.0	0.65	0.89	-0.83	0.31	-0.24	0.85
Inventory	0.94	0.59	0.92	0.88	0.92	0.94	0.95	0.21	0.92	0.03	0.03	0.52	-0.8	0.94		0.92	0.83	0.94	0.99	0.94	0.64	0.87	-0.78	0.52	-0.13	0.77
Other Current Assets	0.97	0.59	0.95	0.87	0.97	0.97	0.95	0.24	0.96	0.22	-0.01	0.35	-0.87	0.97	0.92		0.8	0.97	0.9	0.97	0.68	0.84	-0.85	0.33	-0.21	0.85
Other Stockholder Equity	0.83	0.62	0.77	0.74	0.81	0.84	0.81	0.07	0.82	-0.09	-0.05	0.32	-0.88	0.83	0.83	0.8		0.83	0.8	0.83	0.43	0.73	-0.89	0.43	-0.24	0.69
Total Liab	1.0	0.65	0.96	0.91	0.98	1.0	0.96	0.28	1.0	0.23	0.06	0.28	-0.85	1.0	0.94	0.97	0.83		0.93	1.0	0.65	0.89	-0.84	0.32	-0.25	0.85
Total Current Assets	0.94	0.55	0.95	0.93	0.92	0.92	0.96	0.36	0.91	0.06	0.18	0.51	-0.76	0.92	0.99	0.9	0.8	0.93		0.93	0.7	0.93	-0.73	0.51	-0.22	0.75
Short Long Term Debt Total	1.0	0.64	0.95	0.91	0.98	1.0	0.96	0.29	1.0	0.25	0.06	0.26	-0.85	1.0	0.94	0.97	0.83	1.0	0.93		0.66	0.89	-0.83	0.31	-0.24	0.85
Short Term Debt	0.68	-0.07	0.75	0.77	0.67	0.63	0.68	0.62	0.67	0.44	0.41	0.33	-0.43	0.65	0.64	0.68	0.43	0.65	0.7	0.66		0.76	-0.39	0.37	-0.21	0.54
Retained Earnings	0.92	0.51	0.95	1.0	0.91	0.87	0.93	0.62	0.91	0.22	0.45	0.27	-0.64	0.89	0.87	0.84	0.73	0.89	0.93	0.89	0.76		-0.59	0.32	-0.49	0.69
Common Stock	-0.81	-0.65	-0.76	-0.62	-0.84	-0.85	-0.79	0.12	-0.81	0.04	0.32	-0.38	0.99	-0.83	-0.78	-0.85	-0.89	-0.84	-0.73	-0.83	-0.39	-0.59		-0.37	0.13	-0.83
Current Deferred Revenue	0.32	-0.03	0.32	0.33	0.3	0.32	0.34	-0.16	0.27	-0.51	-0.11	0.75	-0.38	0.31	0.52	0.33	0.43	0.32	0.51	0.31	0.37	0.32	-0.37		0.13	0.22
Other Assets	-0.3	-0.4	-0.41	-0.48	-0.38	-0.21	-0.38	-0.56	-0.31	0.07	-0.52	0.05	0.22	-0.24	-0.13	-0.21	-0.24	-0.25	-0.22	-0.24	-0.21	-0.49	0.13	0.13		-0.23
Short Term Investments	0.84	0.57	0.82	0.72	0.87	0.85	0.83	0.17	0.85	0.19	-0.07	0.3	-0.86	0.85	0.77	0.85	0.69	0.85	0.75	0.85	0.54	0.69	-0.83	0.22	-0.23

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CarMax Account Relationship Matchups

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CarMax Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

CarMax fundamental ratios Correlations

CarMax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Short Long Term Debt Total	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Non Current Liabilities Total	+ 1.0	Net Debt

Common Stock	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.88	Common Stock Shares Outstanding
Other Current Assets	- 0.87	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.87	Net Debt
Common Stock Shares Outstanding	- 0.87	Property Plant And Equipment Net
Short Term Investments	- 0.86	Common Stock Shares Outstanding