CarMax Historical Income Statement
KMX Stock | USD 83.97 0.62 0.73% |
Historical analysis of CarMax income statement accounts such as Gross Profit of 1.5 B can show how well CarMax Inc performed in making a profits. Evaluating CarMax income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CarMax's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CarMax Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CarMax Inc is a good buy for the upcoming year.
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About CarMax Income Statement Analysis
CarMax Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CarMax shareholders. The income statement also shows CarMax investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CarMax Income Statement Chart
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Total Revenue
Total revenue comprises all receipts CarMax Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CarMax Inc minus its cost of goods sold. It is profit before CarMax operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CarMax Inc. It is also known as CarMax overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on CarMax Inc income statement and represents the costs associated with goods and services CarMax provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Most accounts from CarMax's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis 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 population. At this time, CarMax's Non Operating Income Net Other is fairly stable compared to the past year. Tax Provision is likely to rise to about 229.5 M in 2024, whereas Gross Profit is likely to drop slightly above 1.5 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 2.8B | 2.7B | 1.5B | Total Revenue | 31.9B | 29.7B | 26.5B | 27.9B |
CarMax income statement Correlations
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CarMax Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for CarMax Stock Analysis
When running CarMax's price analysis, check to measure CarMax's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarMax is operating at the current time. Most of CarMax's value examination focuses on studying past and present price action to predict the probability of CarMax's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarMax's price. Additionally, you may evaluate how the addition of CarMax to your portfolios can decrease your overall portfolio volatility.