KMX vs SPY
Comparison between Carmax Inc (KMX, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed KMX, delivering a return of +13.8% compared to -20.4%
KMX vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
KMX
$5.26B
Winner
SPY
$735B
Expense Ratio
KMX
N/A
SPY
0.09%
Max Drawdown
KMX
80.06%
Winner
SPY
56.47%
Sharpe Ratio
KMX
-0.94
Winner
SPY
1.67
5Y Beta
KMX
1.18
Winner
SPY
1.00
Industry
KMX
Auto & Truck Dealerships
SPY
N/A
P/E Ratio
Winner
KMX
22.79
SPY
28.81
Forward P/E
Winner
KMX
17.09
SPY
22.07
PEG Ratio
KMX
0.42
SPY
N/A
5Y Dividends CAGR
KMX
N/A
SPY
5.43%
5Y EPS CAGR
KMX
-18.66%
Winner
SPY
25.84%
Debt to Equity
KMX
296.80%
Winner
SPY
34.16%
Free Cash Flow Yield
KMX
23.64%
SPY
N/A
P/S Ratio
Winner
KMX
0.19
SPY
3.69
P/B Ratio
Winner
KMX
0.97
SPY
5.54
KMX vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
KMX
-8.12%
Winner
SPY
+4.59%
3M
KMX
-16.04%
Winner
SPY
+7.81%
6M
KMX
+11.46%
Winner
SPY
+14.24%
1Y
KMX
-44.06%
Winner
SPY
+26.47%
5Y(CAGR)
KMX
-20.44%
Winner
SPY
+13.84%
10Y(CAGR)
KMX
-3.39%
Winner
SPY
+15.57%
Max(CAGR)
Winner
KMX
+13.06%
SPY
+8.50%
KMX vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | KMX | SPY |
|---|---|---|
| 2026 | -4.91% | +8.80% |
| 2025 | -52.43% | +18.00% |
| 2024 | +7.30% | +25.59% |
| 2023 | +26.55% | +26.72% |
| 2022 | -52.06% | -18.64% |
| 2021 | +39.58% | +30.52% |
| 2020 | +5.53% | +17.28% |
| 2019 | +39.23% | +31.09% |
| 2018 | -3.13% | -5.24% |
| 2017 | -1.06% | +20.78% |
| 2016 | +22.95% | +13.59% |
| 2015 | -18.81% | +1.31% |
| 2014 | +41.96% | +14.56% |
| 2013 | +24.66% | +29.00% |
| 2012 | +23.00% | +14.17% |
| 2011 | -5.93% | +0.85% |
| 2010 | +32.94% | +13.14% |
| 2009 | +191.47% | +22.67% |
| 2008 | -60.74% | -36.25% |
| 2007 | -28.56% | +5.32% |
| 2006 | +87.71% | +13.85% |
| 2005 | -8.34% | +5.32% |
| 2004 | +1.87% | +10.75% |
| 2003 | +73.08% | +24.18% |
| 2002 | -20.36% | -22.42% |
| 2001 | +468.50% | -10.13% |
| 2000 | +75.02% | -8.84% |
| 1999 | -19.55% | +8.61% |
KMX vs SPY Drawdown Comparison
The maximum drawdown for KMX was -80.06%, occurring on Nov 6, 2025. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current KMX drawdown is -75.87%. The current SPY drawdown is -0.92%.
| Rank | KMX | SPY |
|---|---|---|
| #1 | -80.06% Nov 9, 2021 - Nov 6, 2025 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -78.70% Jan 24, 2007 - Oct 8, 2010 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -62.01% May 9, 2002 - Jul 11, 2003 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -56.56% Feb 20, 2020 - Aug 10, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -53.98% Dec 2, 1999 - Mar 27, 2000 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -52.99% Oct 14, 2003 - Sep 12, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -51.20% Jul 18, 2001 - Nov 6, 2001 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -43.60% Apr 2, 2015 - Sep 27, 2017 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -43.54% Mar 28, 2000 - Aug 2, 2000 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -36.44% Feb 18, 2011 - Dec 20, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -34.12% Sep 7, 2000 - Feb 13, 2001 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -29.70% Sep 12, 2018 - Jun 10, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -23.49% Oct 6, 2017 - Jun 22, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -22.29% Jun 4, 2001 - Jul 17, 2001 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -20.55% Aug 24, 2020 - Jan 19, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between KMX and SPY is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.69
-101
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