Is KMX or LAD more undervalued in 2026?

CirclFi compares CarMax Inc (KMX) and Lithia Motors, Inc. (LAD) using 13 institutional-grade valuation models. KMX has a Quality of Company score of 5.9/10 while LAD scores 8.5/10.

Which is a better buy — KMX or LAD?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do KMX and LAD valuations compare?

KMX at $43.90 and LAD at $295.62 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

KMX vs LAD Valuation Comparison 2026 — Intrinsic Value Analysis

KMX

Auto & Truck Dealerships

CarMax Inc

Quality

5.9

out of 10

Value Trap

SAFE

Price

$43.90

Last close

Models

9/13

Active

LAD

Auto & Truck Dealerships

Lithia Motors, Inc.

Quality

8.5

out of 10

Value Trap

SAFE

Price

$295.62

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	KMX Fair Value	KMX Upside	LAD Fair Value	LAD Upside
Bayesian DCF	Intrinsic	—	—	$50.64	-81.7%
Earnings Power Value	Intrinsic	—	—	$100.71	-65.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$134.35	+217.9%	$757.54	+156.3%
Markov DDM	Intrinsic	$8.09	-78.9%	—	—
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for KMX vs LAD — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

KMX vs LAD — Which Stock Is More Undervalued?

LAD scores higher with a 8.5/10 quality rating vs KMX's 5.9/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing CarMax Inc (KMX) and Lithia Motors, Inc. (LAD) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

KMX currently trades at $43.90 with a QOC of 5.9/10, while LAD trades at $295.62 with a QOC of 8.5/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).