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CarMax Net Income

: $690 Mil (TTM As of Aug. 2020)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. CarMax's net income for the three months ended in Aug. 2020 was $297 Mil. Its net income for the trailing twelve months (TTM) ended in Aug. 2020 was $690 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. CarMax's Earnings per Share (Diluted) for the three months ended in Aug. 2020 was $1.79.


CarMax Net Income Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CarMax Annual Data
Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 623.43 626.97 664.11 842.41 888.43

CarMax Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 233.60 173.16 214.93 4.98 296.70

CarMax Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

CarMax's Net Income for the fiscal year that ended in Feb. 2020 is calculated as

Net Income(A: Feb. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1160.986+-272.553+0+-1.1368683772162E-13
=888

CarMax's Net Income for the quarter that ended in Aug. 2020 is calculated as

Net Income(Q: Aug. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=388.341+-91.645+0+0
=297

Net Income for the trailing twelve months (TTM) ended in Aug. 2020 was 173.156 (Nov. 2019 ) + 214.934 (Feb. 2020 ) + 4.978 (May. 2020 ) + 296.696 (Aug. 2020 ) = $690 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


CarMax  (NYSE:KMX) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

CarMax's Earnings per Share (Diluted) (EPS) for the quarter that ended in Aug. 2020 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


CarMax Net Income Related Terms


CarMax Net Income Headlines

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