CarMax, Inc.
CarMax, Inc. (NYSE: KMX) is trading at $57.11, about ₹5,484 at today's USD/INR rate, as of 25 Sep 2026, 11:28 AM ET, up 1.34% today. Indian residents can buy CarMax from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$56.26
Today's high
$57.45
52 week low
$30.26
52 week high
$65.28
KMX opened at $56.63, closed previously at $56.36, and has traded between $30.26 and $65.28 over the past 52 weeks.
About
CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and luxury models, in addition to hybrid and electric options. Customers also have the opportunity to purchase extended protection plans at the time of their vehicle acquisition. Separately, CarMax sells older, higher-mileage vehicles—typically around ten years old with over 100,000 miles—via wholesale auctions. Furthermore, CarMax delivers reconditioning and repair services for its vehicles. For its retail clients, the company facilitates a range of financing alternatives designed to accommodate diverse credit profiles, managed both by its internal CarMax Auto Finance segment and through arrangements with various external financial institutions. As of February 28, 2022, CarMax operated a network comprising approximately 230 retail locations specializing in used cars. Founded in 1993, CarMax, Inc. maintains its corporate headquarters in Richmond, Virginia.
Key statistics
Avg. volume
2.79M
Market cap
$8.10B
P/E Ratio
35.45
Price-to-sales ratio
0.31
Enterprise value
$26.61B
Free cash flow yield
12.28%
Debt-to-equity ratio
3.05
Return on equity
3.67%
ROIC
-1.20%
Beta
1.17
Dividend yield
0.00%
Last dividend
$0.00
Financial overview
Revenue
$25.88B
Earnings per share
$1.68
Free cash flow
$1.24B
Net profit margin
0.84%
Gross margin
10.24%
EBITDA
$1.61B
Revenue growth
-1.79%
Similar securities
This is not an investment recommendation
How to buy CarMax from India
Indian residents can buy CarMax shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars.
Search for CarMax and place an order
Find CarMax by name or by its ticker, KMX, and choose an order type. You can buy by amount or by quantity — fractional shares mean there is no minimum trade size. CarMax trades 7:00 pm – 1:30 am IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your CarMax position in USD and INR. CarMax pays no dividend today, so your filing is the capital-gains statement plus the Schedule FA holding line.
Read the full guide: how to invest in CarMax from India
Trading and taxes when buying CarMax from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- NoneCarMax does not currently pay a dividend. If it starts, dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
Can Indian residents buy CarMax stock?
Yes. CarMax (KMX) has been listed on the New York Stock Exchange since 1997, in the Auto - Dealerships industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars. Shares are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
How much does one CarMax share cost in rupees?
One CarMax share is $57.11 — about ₹5,484 at a USD/INR rate of 96.02 on 24 Sep 2026. Both the CarMax price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying CarMax from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
Can I buy whole shares of CarMax?
Yes. One CarMax share is $57.11, and you can buy as many whole shares as you like. You can also buy by amount rather than by quantity: there is no minimum trade size, and Paasa supports fractional investing in CarMax.
How are gains on CarMax shares taxed in India?
The US does not levy capital gains tax on shares for Indian residents, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the USD/INR rate on the purchase and the sale date, so the rupee move counts alongside the CarMax price. Paasa issues a capital-gains statement for your return.
Does CarMax pay a dividend?
No. CarMax does not currently pay a dividend, so holding it produces no dividend income to declare in India. If it starts paying one, the Indian treatment is the usual one — dividends are taxed at your slab rate in India — and Paasa's dividend report would show the gross amount and any tax withheld.
When can I trade CarMax from India?
The New York Stock Exchange trades 7:00 pm – 1:30 am IST in Indian time, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
Is there estate or inheritance tax on CarMax shares held from India?
US-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons. It applies to your overall holdings in that jurisdiction rather than to any one position. Paasa's US estate tax calculator shows the exposure for a given portfolio value.
Do I have to declare CarMax shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your CarMax holding, its cost and its closing value.
How do I sell CarMax and bring the money back to India?
You sell during market hours (7:00 pm – 1:30 am IST) and the proceeds settle in USD in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.