Carmax Inc (KMX) is overvalued and Openlane Inc (OPLN) is overvalued.
Both trade above our estimate of their intrinsic value. KMX is the closer of the two: -111%, against -175% for OPLN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.0% values the shares at $26.99; the price of $56.84 is 111% above that value.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 8.9% (average of 2 methods) values the shares at $12.61; the price of $34.63 is 175% above that value, and 75% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | KMX | OPLN |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $56.84 | $34.63 |
| Intrinsic value | $26.99 | $12.61 |
| Margin of safety | -111% | -175% |
| Leak Score | 0/100 (3/12) | 0/100 (2/12) |
| Market cap | $8.1B | $4.3B |
| Revenue growth, 5 years | 6.7% | -2.4% |
| Operating margin | 2.1% | 17.0% |
| Net margin | 0.8% | -4.1% |
| Return on equity | 3.6% | 10.1% |
| Debt to equity | 3.08 | 1.57 |
| P/E | 37.4x | — |
| Forward P/E | — | 20.0x |
| P/B | 1.3x | 2.7x |