GME
GameStop Corp.
GME offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
KMX
CarMax, Inc.
KMX has the edge over GME overall, supported by stronger modeled upside and lower modeled downside.
GME Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Unavailable |
GME's profitability and cash flow are currently strong, and its revenue is stable. There isn't enough data to rate its balance sheet.
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.
GME PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 17x | $25.62 | — |
| Cheap | 18x | $27.96 | +9.1% |
| Forward | 38x | $25.62 | — |
| Fair | 43x | $66.84 | +161% |
| Expensive | 252x | $388 | +1414% |
Historical ranges are pointers, not guarantees.
GME has the edge over KMX in the historical PE scenario, which offers more potential upside but is not a forecast.
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.
GME Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Strong decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect GME's earnings and revenue to decline, with profitability weakening.
KMX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Moderate | |
| Low |
KMX has the edge over GME on the outlook, with more favorable valuation and earnings expectations.
GME Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.67 | -56% |
| Q3 2026 | $1.54 | +93% |
| Q2 2026 | $1.34 | +153% |
| Q1 2026 | $0.77 | +133% |
| Q4 2025 | $0.89 | +394% |
| Q3 2025 | $0.80 | +515% |
| Q2 2025 | $0.53 | +563% |
| Q1 2025 | $0.33 | +1550% |
| Q4 2024 | $0.18 | +$0.21 |
GME has the edge over KMX on earnings, with more consistent year-over-year improvement.
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's earnings per share have fallen from their peak: $2.13 over the past year, against $7.26 in late 2021.
GME Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $790.2M | -19% |
| Q2 2026 | $835.3M | +14% |
| Q1 2026 | $1.1B | -14% |
| Q4 2025 | $821M | -4.6% |
| Q3 2025 | $972.2M | +22% |
| Q2 2025 | $732.4M | -17% |
| Q1 2025 | $1.3B | -28% |
| Q4 2024 | $860.3M | -20% |
GME's revenue has slid since its 2022 peak: $790M last quarter, down 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | +13 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 12% | +6 points |
| Q4 2025 | 5% | +8.9 points |
| Q3 2025 | 6.8% | +9.6 points |
| Q2 2025 | -1.5% | +4.3 points |
| Q1 2025 | 6.2% | +3.1 points |
| Q4 2024 | -3.9% | -2.5 points |
GME 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 GME 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.
GME Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $60.7M | -46% |
| Q2 2026 | $332.9M | +76% |
| Q1 2026 | $187.4M | +18% |
| Q4 2025 | $107M | +435% |
| Q3 2025 | $113.3M | +73% |
| Q2 2025 | $189.6M | +$304.3M |
| Q1 2025 | $158.8M | +$177.5M |
| Q4 2024 | $20M | +80% |
GME 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.
GME Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +300K shares |
| 1 year | +8.4% | +46.1M shares |
| 3 years | +94% | +288M shares |
| 5 years | +104% | +302M shares |
| Available history | +80% | +264M shares |
GME has 593M diluted shares, up 8.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2021 | — |
| Q4 2020 | — |
| Q1 2020 | $21.8M |
| Q4 2019 | $114M |
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 GME 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.
GME Net Leverage
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.
GME Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.9 | Neutral |
| Stochastic | 68.5 | Neutral |
GME's weekly RSI is 60 (neutral) and its Stochastic is 69 (neutral).
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).
GME PE vs Consumer Cyclical Sector
| Metric | GME | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 18x | 7.7% below |
| PE % | 15 | 47 | 32 pts below |
GME has the edge over KMX on valuation relative to its sector.
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.
GME Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.2 | 1.8% above |
| 20 week MA | $22.4 | 15% above |
| 50 week MA | $22.6 | 13% above |
| 100 week MA | $24.0 | 7% above |
| 200 week MA | $21.8 | 17% above |
GME has the edge over KMX on trend strength, trading above more of its moving averages.
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's trend is mixed: it's above one of its five weekly moving averages, and 20% below its 200-week average.
GME Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1.48 | $5.04 | +241% |
| 2021 | $5.04 | $38.0 | +655% |
| 2022 | $38.0 | $20.1 | -47% |
| 2023 | $20.1 | $17.5 | -13% |
| 2024 | $17.5 | $32.2 | +84% |
| 2025 | $32.2 | $21.1 | -35% |
| 2026 YTD | $21.1 | $25.6 | +21% |
GME's yearly returns have swung widely, from +655% in 2021 to −47% in 2022. It's up 21% 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 GME on returns for 2026, with the stronger performance.