What is another company like CarMax?
Overview of Carmax’s competitor analysis CarMax operates in a competitive marketplace with several players focused on online and in-person vehicle sales. Key competitors include Carvana and Vroom, which emphasize online platforms, while AutoNation and Lithia Motors leverage their extensive physical dealership networks. In terms of revenue, AutoNation is the largest competitor of CarMax. In 2022, AutoNation reported revenues exceeding $20 billion, surpassing CarMax’s revenue, which is approximately $18 billion for the same period.