Carmax Inc (KMX) is overvalued and Valvoline Inc (VVV) is overvalued.
Both trade above our estimate of their intrinsic value. KMX is the closer of the two: -111%, against -172% for VVV.
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 8.4% (average of 3 methods) values the shares at $10.54; the price of $28.67 is 172% above that value, and 77% of that value comes from beyond year five.
Leak Score 14/100 on 3 of 12 signals
| Metric | KMX | VVV |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $56.84 | $28.67 |
| Intrinsic value | $26.99 | $10.54 |
| Margin of safety | -111% | -172% |
| Leak Score | 0/100 (3/12) | 14/100 (3/12) |
| Market cap | $8.1B | $3.7B |
| Revenue growth, 5 years | 6.7% | -6.2% |
| Operating margin | 2.1% | 17.7% |
| Net margin | 0.8% | 5.2% |
| Return on equity | 3.6% | 28.4% |
| Debt to equity | 3.08 | 4.75 |
| P/E | 37.4x | 36.3x |
| Forward P/E | — | 14.4x |
| P/B | 1.3x | 8.8x |