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CarMax (BSP:K1MX34) Cyclically Adjusted Revenue per Share : R$347.68 (As of Feb. 2024)


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What is CarMax Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

CarMax's adjusted revenue per share for the three months ended in Feb. 2024 was R$88.204. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$347.68 for the trailing ten years ended in Feb. 2024.

During the past 12 months, CarMax's average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 13.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of CarMax was 17.60% per year. The lowest was -3.50% per year. And the median was 9.70% per year.

As of today (2024-05-14), CarMax's current stock price is R$180.36. CarMax's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$347.68. CarMax's Cyclically Adjusted PS Ratio of today is 0.52.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CarMax was 1.71. The lowest was 0.45. And the median was 1.16.


CarMax Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for CarMax's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CarMax Cyclically Adjusted Revenue per Share Chart

CarMax Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 205.48 281.12 321.13 347.68

CarMax Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial 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 321.13 317.58 326.94 424.43 347.68

Competitive Comparison of CarMax's Cyclically Adjusted Revenue per Share

For the Auto & Truck Dealerships subindustry, CarMax's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CarMax's Cyclically Adjusted PS Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CarMax's Cyclically Adjusted PS Ratio falls into.



CarMax Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, CarMax's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=88.204/129.4194*129.4194
=88.204

Current CPI (Feb. 2024) = 129.4194.

CarMax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 18.610 100.373 23.996
201408 18.466 100.352 23.815
201411 20.027 99.635 26.014
201502 23.237 99.032 30.367
201505 28.987 100.333 37.390
201508 32.571 100.548 41.923
201511 32.985 100.135 42.632
201602 37.206 100.040 48.133
201605 37.410 101.355 47.768
201608 33.120 101.617 42.182
201611 32.365 101.829 41.134
201702 33.250 102.779 41.869
201705 38.946 103.256 48.815
201708 37.381 103.587 46.703
201711 36.409 104.072 45.277
201802 36.419 105.052 44.867
201805 48.503 106.148 59.137
201808 52.599 106.383 63.989
201811 46.384 106.338 56.452
201902 47.149 106.649 57.216
201905 63.885 108.048 76.521
201908 62.530 108.245 74.762
201911 59.767 108.519 71.278
202002 65.047 109.139 77.134
202005 55.671 108.175 66.604
202008 88.688 109.662 104.666
202011 85.203 109.793 100.433
202102 84.404 110.968 98.438
202105 122.323 113.576 139.386
202108 126.563 115.421 141.913
202111 143.966 117.269 158.882
202202 121.909 119.703 131.805
202205 142.769 123.323 149.827
202208 130.658 124.958 135.323
202211 108.093 125.607 111.373
202302 93.525 126.928 95.361
202305 120.747 128.314 121.787
202308 108.863 129.538 108.764
202311 94.823 129.548 94.729
202402 88.204 129.419 88.204

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


CarMax  (BSP:K1MX34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

CarMax's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=180.36/347.68
=0.52

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of CarMax was 1.71. The lowest was 0.45. And the median was 1.16.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


CarMax Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of CarMax's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CarMax (BSP:K1MX34) Business Description

Industry
Traded in Other Exchanges
Address
12800 Tuckahoe Creek Parkway, Richmond, VA, USA, 23238
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.

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