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We Expect CarMax's Inventory Affordability Problem to Eventually End
CarMax's revenue has increased at a compound annual rate of 11.3% since fiscal 2000 because of the success of customer-friendly sales practices and use of information technology. We think the firm will eventually reach its over 5% zero to 10-year-old vehicle market share target, up from 3.7% in 2023 and 4% in 2022. Revenue of at least $33 billion should come before reaching another goal of selling a combined 2 million annual retail and auction units between fiscal 2026 and fiscal 2030.