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Carmax (KMX) has 1 split in our Carmax stock split history database. The split for KMX took place on March 27, 2007. This was a 2 for 1 split, meaning for each share of KMX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Carmax splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Carmax stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Carmax shares, starting with a $10,000 purchase of KMX, presented on a split-history-adjusted basis factoring in the complete Carmax stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||6.57%|
|CarMax is a holding company. Through its subsidiaries, Co. is engaged as a retailer of used vehicles. Co. operates in two segments: CarMax Sales Operations, which sells used vehicles, purchases used vehicles from customers and other sources, sells related products and services, and arranges financing options for customers; and CarMax Auto Finance, which consists of finance operation that provides vehicle financing to customer buying retail vehicles from Co. Co.'s products and services include retail merchandising, wholesale auctions, extended protection plans, reconditioning and service, and customer credit. According to our Carmax stock split history records, Carmax has had 1 split.|
|KMX Split History Table|
|03/27/2007||2 for 1|
|Services Stock Splits|
|KMX is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: KMX shares outstanding history