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CarMax (FRA:XA4) Cyclically Adjusted Revenue per Share : €124.59 (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 €32.964. 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 €124.59 for the trailing ten years ended in Feb. 2024.

During the past 12 months, CarMax's average Cyclically Adjusted Revenue Growth Rate was 10.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.30% 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 (2024-05-22), CarMax's current stock price is €66.28. CarMax's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was €124.59. CarMax's Cyclically Adjusted PS Ratio of today is 0.53.

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 68.45 69.97 92.92 116.74 124.59

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 116.74 121.89 123.24 122.66 124.59

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)
=32.964/130.9299*130.9299
=32.964

Current CPI (Feb. 2024) = 130.9299.

CarMax Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 12.208 100.373 15.925
201408 12.227 100.352 15.953
201411 12.584 99.635 16.537
201502 14.534 99.032 19.215
201505 16.978 100.333 22.156
201508 16.641 100.548 21.669
201511 16.241 100.135 21.236
201602 16.930 100.040 22.158
201605 18.682 101.355 24.133
201608 18.415 101.617 23.727
201611 17.982 101.829 23.121
201702 20.106 102.779 25.613
201705 22.000 103.256 27.896
201708 20.117 103.587 25.427
201711 19.014 104.072 23.921
201802 18.149 105.052 22.620
201805 22.598 106.148 27.874
201808 23.162 106.383 28.506
201811 21.563 106.338 26.550
201902 22.306 106.649 27.384
201905 28.617 108.048 34.677
201908 27.953 108.245 33.811
201911 26.031 108.519 31.407
202002 27.443 109.139 32.922
202005 18.105 108.175 21.913
202008 27.409 109.662 32.725
202011 26.461 109.793 31.555
202102 25.789 110.968 30.428
202105 38.096 113.576 43.917
202108 40.992 115.421 46.500
202111 45.310 117.269 50.588
202202 41.321 119.703 45.197
202205 54.443 123.323 57.801
202208 50.175 124.958 52.573
202211 40.258 125.607 41.964
202302 33.721 126.928 34.784
202305 44.602 128.314 45.511
202308 40.736 129.538 41.174
202311 35.776 129.548 36.158
202402 32.964 130.930 32.964

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


CarMax  (FRA:XA4) 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
=66.28/124.59
=0.53

* 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 (FRA:XA4) 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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