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CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.

CarMax Dividend Announcement

• CarMax does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on CarMax dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

CarMax Dividend History

CarMax Dividend Yield

CarMax current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing CarMax stock? Use our calculator to estimate your expected dividend yield:

CarMax Financial Ratios

P/E ratio31.35
PEG ratio-7.33
P/B ratio2.12
ROE6.83%
Payout ratio0.00%
Current ratio2.25
Quick ratio0.68
Cash Ratio0.24

CarMax Dividend FAQ

Does CarMax stock pay dividends?
CarMax does not currently pay dividends to its shareholders.
Has CarMax ever paid a dividend?
No, CarMax has no a history of paying dividends to its shareholders. CarMax is not known for its dividend payments.
Why doesn't CarMax pay dividends?
There are several potential reasons why CarMax would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will CarMax ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While CarMax has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is CarMax a dividend aristocrat?
CarMax is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is CarMax a dividend king?
CarMax is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is CarMax a dividend stock?
No, CarMax is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy CarMax stocks?
To buy CarMax you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy CarMax stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.