WallStSmart

KAR Auction Services Inc (KAR)vsCarMax Inc (KMX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

CarMax Inc generates 1369% more annual revenue ($27.83B vs $1.90B). KAR leads profitability with a 9.0% profit margin vs 1.6%. KMX appears more attractively valued with a PEG of 0.66. KAR earns a higher WallStSmart Score of 65/100 (B-).

KAR

Strong Buy

65

out of 100

Grade: B-

Growth: 7.3Profit: 6.5Value: 9.3Quality: 5.0

KMX

Buy

54

out of 100

Grade: C-

Growth: 2.0Profit: 4.0Value: 7.3Quality: 5.0
Piotroski: 5/9Altman Z: 1.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

KARUndervalued (+24.2%)

Margin of Safety

+24.2%

Fair Value

$40.72

Current Price

$30.88

$9.84 discount

UndervaluedFair: $40.72Overvalued
KMXSignificantly Overvalued (-120.8%)

Margin of Safety

-120.8%

Fair Value

$20.74

Current Price

$41.88

$21.14 premium

UndervaluedFair: $20.74Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KAR2 strengths · Avg: 9.0/10
EPS GrowthGrowth
108.3%10/10

Earnings expanding 108.3% YoY

Price/BookValuation
2.3x8/10

Reasonable price relative to book value

KMX4 strengths · Avg: 8.5/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

PEG RatioValuation
0.668/10

Growing faster than its price suggests

P/E RatioValuation
13.8x8/10

Attractively priced relative to earnings

Free Cash FlowQuality
$1.11B8/10

Generating 1.1B in free cash flow

Areas to Watch

KAR1 concerns · Avg: 4.0/10
P/E RatioValuation
35.5x4/10

Premium valuation, high expectations priced in

KMX4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.644/10

Distress zone — elevated risk

Return on EquityProfitability
7.5%3/10

ROE of 7.5% — below average capital efficiency

Profit MarginProfitability
1.6%3/10

1.6% margin — thin

Operating MarginProfitability
1.8%3/10

Operating margin of 1.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : KAR

The strongest argument for KAR centers on EPS Growth, Price/Book. PEG of 1.34 suggests the stock is reasonably priced for its growth.

Bull Case : KMX

The strongest argument for KMX centers on Price/Book, PEG Ratio, P/E Ratio. PEG of 0.66 suggests the stock is reasonably priced for its growth.

Bear Case : KAR

The primary concerns for KAR are P/E Ratio.

Bear Case : KMX

The primary concerns for KMX are Altman Z-Score, Return on Equity, Profit Margin. Debt-to-equity of 2.75 is elevated, increasing financial risk. Thin 1.6% margins leave little buffer for downturns.

Key Dynamics to Monitor

KMX carries more volatility with a beta of 1.33 — expect wider price swings.

KAR is growing revenue faster at 8.4% — sustainability is the question.

KMX generates stronger free cash flow (1.1B), providing more financial flexibility.

Monitor AUTO & TRUCK DEALERSHIPS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

KAR scores higher overall (65/100 vs 54/100). Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

KAR Auction Services Inc

CONSUMER CYCLICAL · AUTO & TRUCK DEALERSHIPS · USA

KAR Auction Services, Inc. provides used vehicle auctions and related vehicle remarketing services for the automotive industry in the United States, Europe, Canada, Mexico, and the United Kingdom. The company is headquartered in Carmel, Indiana.

CarMax Inc

CONSUMER CYCLICAL · AUTO & TRUCK DEALERSHIPS · USA

CarMax is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance.

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