F
Ford Motor Company
F offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
KMX
CarMax, Inc.
KMX has the edge over F overall, supported by stronger modeled upside and stronger fundamentals.
F Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Strong |
F's balance sheet is currently strong, and its revenue is stable, but its profitability and cash flow are under pressure.
KMX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Healthy | |
| Weak |
KMX's revenue and cash flow are currently healthy, and its profitability is stable, but its balance sheet is weak.
F PE Valuation
F has no meaningful PE right now: it lost money over the past year.
KMX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $30.47 | -42% |
| Forward | 16x | $52.58 | — |
| Fair | 22x | $46.67 | -11% |
| Current | 25x | $52.58 | — |
| Expensive | 28x | $60.06 | +14% |
Historical ranges are pointers, not guarantees.
KMX's PE is in its expensive range at 25x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
F Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect F's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
KMX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for KMX, with profitability holding steady. However, they disagree widely on these estimates.
F Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.78 | — |
| Q3 2026 | -$1.97 | -270% |
| Q2 2026 | -$1.87 | -340% |
| Q1 2026 | -$1.55 | -224% |
| Q4 2025 | -$2.06 | -241% |
| Q3 2025 | $1.16 | +32% |
| Q2 2025 | $0.78 | -19% |
| Q1 2025 | $1.25 | +29% |
| Q4 2024 | $1.46 | +35% |
F has swung to a loss: it lost $1.97 per share over the past year, after a profit the year before.
KMX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.33 | +56% |
| Q3 2026 | $2.13 | -38% |
| Q2 2026 | $1.61 | -56% |
| Q1 2026 | $1.68 | -48% |
| Q4 2025 | $3.03 | +3.1% |
| Q3 2025 | $3.41 | +29% |
| Q2 2025 | $3.62 | +42% |
| Q1 2025 | $3.21 | +6.3% |
| Q4 2024 | $2.94 | -6.7% |
KMX has the edge over F on earnings quality, reporting a profit while its opponent remains loss making.
F Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $49.5B | -2% |
| Q2 2026 | $48.3B | -3.8% |
| Q1 2026 | $43.3B | +6.4% |
| Q4 2025 | $45.9B | -4.8% |
| Q3 2025 | $50.5B | +9.4% |
| Q2 2025 | $50.2B | +5% |
| Q1 2025 | $40.7B | -5% |
| Q4 2024 | $48.2B | +4.9% |
F's revenue grew through 2023 and has held roughly level since: $49.5B last quarter, down 2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.9% | -0.1 points |
| Q2 2026 | 1.3% | +0.3 points |
| Q1 2026 | 5.4% | +4.6 points |
| Q4 2025 | -25% | -28 points |
| Q3 2025 | 3.1% | +1.2 points |
| Q2 2025 | 1% | -2.9 points |
| Q1 2025 | 0.8% | -2.1 points |
| Q4 2024 | 2.5% | +3.1 points |
F has the edge over KMX on profitability, with a higher operating margin.
KMX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.9B | +19% |
| Q2 2026 | $8B | +6.2% |
| Q1 2026 | $5.9B | -1% |
| Q4 2025 | $5.8B | -6.9% |
| Q3 2025 | $6.6B | -6% |
| Q2 2025 | $7.5B | +6.1% |
| Q1 2025 | $6B | +6.7% |
| Q4 2024 | $6.2B | +1.2% |
KMX has the edge over F on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | +0.9 points |
| Q2 2026 | 3.2% | -0.5 points |
| Q1 2026 | -1.9% | -3.8 points |
| Q4 2025 | 1.4% | -1.2 points |
| Q3 2025 | 1.9% | -0.6 points |
| Q2 2025 | 3.8% | +0.9 points |
| Q1 2025 | 2% | +0.8 points |
| Q4 2024 | 2.7% | +0.9 points |
KMX's operating margin was 2.8% last quarter, up 0.9 points from the same quarter a year ago.
F Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.1B | -40% |
| Q2 2026 | $2B | -54% |
| Q1 2026 | -$1.1B | -157% |
| Q4 2025 | $1.1B | +108% |
| Q3 2025 | $5.3B | +50% |
| Q2 2025 | $4.2B | +24% |
| Q1 2025 | $1.9B | +$2.6B |
| Q4 2024 | $530M | +169% |
F has the edge over KMX on cash flow, with more consistent year-over-year improvement.
KMX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $805.8M | +23% |
| Q2 2026 | -$85.7M | -153% |
| Q1 2026 | -$687.3M | -3764% |
| Q4 2025 | $1.1B | +$1.3B |
| Q3 2025 | $654M | +28% |
| Q2 2025 | $162.8M | +$384.4M |
| Q1 2025 | $18.8M | -91% |
| Q4 2024 | -$150.6M | -332% |
KMX generated $1.1B in free cash flow over the past year, up 67% from the year before.
F Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.2% | +89M shares |
| 1 year | +0.7% | +28M shares |
| 3 years | +0.6% | +26M shares |
| 5 years | +1% | +40M shares |
| Available history | +1.8% | +72M shares |
F has 4.1B diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $311M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $150M |
F spent $311M buying back its own shares over the past year, up 107% from the year before.
KMX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +302K shares |
| 1 year | -4.8% | -7.2M shares |
| 3 years | -11% | -16.8M shares |
| 5 years | -14% | -23.2M shares |
| Available history | -14% | -24.1M shares |
KMX has the edge over F on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $313,000 |
| Q2 2026 | $2.3M |
| Q1 2026 | $54.3M |
| Q4 2025 | $203.6M |
| Q3 2025 | $180.8M |
| Q2 2025 | $204M |
| Q1 2025 | $98.9M |
| Q4 2024 | $116.3M |
KMX spent $261M buying back its own shares over the past year, down 57% from the year before.
F Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.1x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -2.4x | Net Cash |
| Q2 2025 | -2.2x | Net Cash |
| Q1 2025 | -1.8x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
F has the edge over KMX on leverage, with a lower net debt burden relative to earnings.
KMX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 21.3x | High |
| Q2 2026 | 25.6x | High |
| Q1 2026 | 24.7x | High |
| Q4 2025 | 18.1x | High |
| Q3 2025 | 17.6x | High |
| Q2 2025 | 17.2x | High |
| Q1 2025 | 18.9x | High |
| Q4 2024 | 20.3x | High |
KMX's net debt is more than 20 years of its operating earnings (EBITDA), up from 18 years a year ago.
F Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.5 | Neutral |
| Stochastic | 19.6 | Oversold |
F's weekly RSI is 41 (neutral) and its Stochastic is 20 (oversold).
KMX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.5 | Neutral |
| Stochastic | 25.6 | Neutral |
KMX's weekly RSI is 49 (neutral) and its Stochastic is 26 (neutral).
F PE vs Consumer Cyclical Sector
| Metric | F | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 18x | — |
F has no meaningful PE right now: it lost money over the past year.
KMX PE vs Consumer Cyclical Sector
| Metric | KMX | Sector median | Relative |
|---|---|---|---|
| PE | 25x | 18x | 37% above |
| PE % | 67 | 47 | 20 pts above |
KMX is trading at 25x earnings, a 37% premium to the Consumer Cyclical sector's median of 18x.
F Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $12.2 | 2.5% below |
| 20 week MA | $13.3 | 11% below |
| 50 week MA | $13.4 | 11% below |
| 100 week MA | $12.1 | 2% below |
| 200 week MA | $12.1 | 1.4% below |
F is in a downtrend: it's below all five of its weekly moving averages, and 1.4% below its 200-week average.
KMX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $53.7 | 2% below |
| 20 week MA | $56.5 | 7% below |
| 50 week MA | $48.6 | 8.3% above |
| 100 week MA | $56.3 | 6.7% below |
| 200 week MA | $65.4 | 20% below |
KMX has the edge over F on trend strength, trading above more of its moving averages.
F Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.36 | $8.86 | -5.3% |
| 2021 | $8.86 | $20.3 | +129% |
| 2022 | $20.3 | $11.4 | -44% |
| 2023 | $11.4 | $12.2 | +7.3% |
| 2024 | $12.2 | $10.0 | -18% |
| 2025 | $10.0 | $13.3 | +33% |
| 2026 YTD | $13.3 | $11.9 | -11% |
F's yearly returns have swung widely, from +129% in 2021 to −44% in 2022. It's down 11% so far in 2026.
KMX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.4 | $92.3 | +4.4% |
| 2021 | $92.3 | $126.3 | +37% |
| 2022 | $126.3 | $60.2 | -52% |
| 2023 | $60.2 | $76.7 | +28% |
| 2024 | $76.7 | $83.8 | +9.2% |
| 2025 | $83.8 | $39.3 | -53% |
| 2026 YTD | $39.3 | $52.6 | +34% |
KMX has the edge over F on returns for 2026, with the stronger performance.