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Carmax Inc Market cap

What is the Market cap of Carmax Inc?

The Market cap of Carmax Inc is $10.70B

What is the definition of Market cap?



Market capitalization is the market value at a point in time of the shares outstanding of a publicly traded company, being equal to the share price at that point of time times the number of shares outstanding.

= outstanding shares * previous day’s close

As outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation.

Market capitalization is used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. In performing such rankings, the market capitalizations are calculated at some significant date, such as 30 June or 31 December.

The total capitalization of stock markets or economic regions may be compared with other economic indicators. The total market capitalization of all publicly traded companies in the world was US$51.2 trillion in January 2007 and rose as high as US$57.5 trillion in May 2008 before dropping below US$50 trillion in August 2008 and slightly above US$40 trillion in September 2008. In 2014 and 2015, global market capitalization was US$68 trillion and US$67 trillion, respectively.

Market cap of companies in the Consumer Discretionary sector on NYSE compared to Carmax Inc

What does Carmax Inc do?

we always knew there had to be a better way to buy used cars. one that would make the process easy and fun. so we created carmax, and we've been changing the way america buys cars since we opened our first store in richmond, virginia in 1993. through hard work and dedication, we've grown from that one store in richmond to more than 150 stores across the country. we are selling almost 600,000 vehicles a year. and the news is buzzing with stories about carmax, the experience we offer our customers, and the work environment we provide for our associates. in fact, we know our associates are fundamental to our success and are the key to our future growth. in fact, carmax is listed on the fortune® 500 list, and we've been named one of fortune's "100 best companies to work for" 11 years running. we're also named as one of training magazine's top training 125 year after year. in 2015, we were also recognized by great place to work® and fortune as one of the 50 best workplaces for diversity

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