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CarMax, Inc.(KMX)Earnings, Financials & Key Ratios
KMX•NYSE
$39.43
$5.64B mkt cap·12.3× P/E·Price updated May 6, 2026
AboutCarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions. The company also provides reconditioning and vehicle repair services; and financing alternatives for retail customers across a range of credit spectrum through its CarMax Auto Finance and arrangements with various financial institutions. As of February 28, 2022, it operated approximately 230 used car stores. CarMax, Inc. was founded in 1993 and is based in Richmond, Virginia.Show more
- Revenue$28.21B
- EBITDA$1.1B+4.9%
- Net Income$501M+4.5%
- EPS (Diluted)3.21+6.3%
- Gross Margin11.43%+6.0%
- EBITDA Margin3.9%+4.9%
- Operating Margin2.8%+4.4%
- Net Margin1.77%+4.5%
- ROE8.13%-0.9%
- ROIC2.36%+1.9%
- Debt/Equity3.11-2.1%
- Interest Coverage7.31+20.6%
KMX Key Insights
CarMax, Inc. (KMX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓High quality earnings: Operating CF exceeds net income
- ✓Trading at only 1.0x book value
- ✓Efficient asset utilization: 1.0x turnover
✗Weaknesses
- ✗High debt to equity ratio of 3.1x
- ✗Profits declining 10.8% over 5 years
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
KMX Price & Volume
CarMax, Inc. (KMX) stock price & volume — 10-year historical chart
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KMX Growth Metrics
CarMax, Inc. (KMX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years6.61%
5 Years5.66%
3 Years-5.28%
TTM-1.49%
Profit CAGR
10 Years-1.75%
5 Years-10.84%
3 Years-24.24%
TTM-0.68%
EPS CAGR
10 Years1.63%
5 Years-9.64%
3 Years-22.78%
TTM2.71%
Return on Capital
10 Years5.81%
5 Years4.29%
3 Years3.1%
Last Year3.15%
KMX Recent Earnings
CarMax, Inc. (KMX) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 14, 2026EPS
$0.34
Est $0.22
+54.5%
Revenue
$5.9B
Est $5.7B
+4.0%
Q4 2025
Dec 18, 2025EPS
$0.51
Est $0.31
+66.4%
Revenue
$6.2B
Est $5.6B
+10.6%
Q4 2025
Sep 25, 2025EPS
$0.64
Est $1.04
-38.5%
Revenue
$7.1B
Est $7.0B
+1.1%
Q3 2025
Jun 20, 2025EPS
$1.38
Est $1.16
+19.0%
Revenue
$7.5B
Est $7.5B
+0.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 14, 2026 | $0.34vs $0.22+54.5% | $5.9Bvs $5.7B+4.0% |
| Q4 2025 | Dec 18, 2025 | $0.51vs $0.31+66.4% | $6.2Bvs $5.6B+10.6% |
| Q4 2025 | Sep 25, 2025 | $0.64vs $1.04-38.5% | $7.1Bvs $7.0B+1.1% |
| Q3 2025 | Jun 20, 2025 | $1.38vs $1.16+19.0% | $7.5Bvs $7.5B+0.6% |
Based on last 12 quarters of dataView full earnings history →
KMX Peer Comparison
CarMax, Inc. (KMX) competitors in Specialty Vehicle Dealers and Finance — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AN | 7.03B | 204.77 | 12.02 | 3.24% | 2.47% | 28.44% | 4.35 | |
 PAG | 11.16B | 169.73 | 12.01 | -0.18% | 2.89% | 16.37% | 1.58 | |
 LAD | 6.6B | 289.40 | 8.95 | 4% | 1.88% | 10.59% | 2.22 | |
 SAH | 2.69B | 79.00 | 23.10 | 6.53% | 0.78% | 11.15% | 3.96 | |
 ABG | 3.81B | 197.70 | 7.87 | 4.71% | 2.27% | 14.14% | 1.63 | |
 GPI | 4.08B | 343.97 | 13.69 | 13.23% | 1.45% | 11.04% | 2.10 | |
 CVNA | 84.42B | 389.38 | 46.08 | 48.63% | 7.09% | 45.92% | 0.15 | |
 VRM | 62.14M | 11.95 | -0.13 | -98.7% | -27.71% | -77.02% |
Compare KMX vs Peers
CarMax, Inc. (KMX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
KMX Income Statement
CarMax, Inc. (KMX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Feb'17 | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 16.64B | 18.11B | 19.15B | 21.42B | 20.09B | 33.2B | 31.13B | 28.21B | 28.21B | 27.38B |
| Revenue Growth % | 5.08% | 8.88% | 5.69% | 11.9% | -6.22% | 65.22% | -6.24% | -9.36% | -0.02% | -1.49% |
| Cost of Goods Sold | 14.08B | 15.23B | 16.23B | 18.25B | 17.15B | 29.32B | 27.89B | 25.17B | 24.98B | 24.38B |
| COGS % of Revenue | 84.66% | 84.06% | 84.75% | 85.16% | 85.36% | 88.32% | 89.61% | 89.22% | 88.57% | - |
| Gross Profit | 2.55B▲ 0% | 2.89B▲ 13.1% | 2.92B▲ 1.1% | 3.18B▲ 8.9% | 2.94B▼ 7.4% | 3.88B▲ 31.8% | 3.24B▼ 16.6% | 3.04B▼ 6.0% | 3.22B▲ 6.0% | 3.01B▲ 0% |
| Gross Margin % | 15.34% | 15.94% | 15.25% | 14.84% | 14.64% | 11.68% | 10.39% | 10.78% | 11.43% | 10.98% |
| Gross Profit Growth % | 5.87% | 13.14% | 1.1% | 8.88% | -7.44% | 31.79% | -16.56% | -5.96% | 5.98% | - |
| Operating Expenses | 1.49B | 1.75B | 1.73B | 1.94B | 1.94B | 2.33B | 2.49B | 2.29B | 2.44B | 2.54B |
| OpEx % of Revenue | 8.95% | 9.69% | 9.04% | 9.06% | 9.65% | 7% | 7.99% | 8.1% | 8.63% | - |
| Selling, General & Admin | 1.49B | 1.62B | 1.73B | 1.94B | 1.94B | 2.33B | 2.49B | 2.29B | 2.44B | 2.45B |
| SG&A % of Revenue | 8.95% | 8.93% | 9.04% | 9.06% | 9.65% | 7% | 7.99% | 8.1% | 8.63% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | -137.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K |
| Operating Income | 1.06B▲ 0% | 1.13B▲ 6.5% | 1.19B▲ 4.9% | 1.24B▲ 4.1% | 1B▼ 19.0% | 1.55B▲ 54.7% | 747.8M▼ 51.8% | 756.07M▲ 1.1% | 788.92M▲ 4.3% | 468.25M▲ 0% |
| Operating Margin % | 6.39% | 6.25% | 6.21% | 5.78% | 4.99% | 4.67% | 2.4% | 2.68% | 2.8% | 1.71% |
| Operating Income Growth % | 0.46% | 6.51% | 4.94% | 4.15% | -19.01% | 54.74% | -51.81% | 1.11% | 4.34% | - |
| EBITDA | 1.23B | 1.31B | 1.37B | 1.45B | 1.25B | 1.83B | 1.03B | 1.05B | 1.1B | 791.38M |
| EBITDA Margin % | 7.41% | 7.25% | 7.16% | 6.79% | 6.2% | 5.52% | 3.3% | 3.72% | 3.9% | 2.89% |
| EBITDA Growth % | 3.05% | 6.51% | 4.44% | 6.04% | -14.38% | 47.12% | -43.85% | 2.03% | 4.9% | -24.36% |
| D&A (Non-Cash Add-back) | 168.88M | 179.94M | 182.25M | 215.81M | 242.16M | 279.79M | 280.72M | 293.3M | 311.9M | 323.13M |
| EBIT | 1.06B | 1.13B | 1.19B | 1.24B | 1.05B | 1.59B | 757.2M | 766.35M | 777.3M | 906.6M |
| Net Interest Income | -56.42M | -70.75M | -75.79M | -83.01M | -86.18M | -94.09M | -120.4M | -124.75M | -107.94M | 153.94M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 448M |
| Interest Expense | 56.42M | 70.75M | 75.79M | 83.01M | 86.18M | 94.09M | 120.4M | 124.75M | 107.94M | 294.06M |
| Other Income/Expense | -57.37M | -69.38M | -76.2M | -77.32M | -37.6M | -59.53M | -111M | -114.48M | -119.56M | 144.26M |
| Pretax Income | 1.01B▲ 0% | 1.06B▲ 5.7% | 1.11B▲ 4.6% | 1.16B▲ 4.3% | 965.26M▼ 16.9% | 1.49B▲ 54.6% | 636.8M▼ 57.3% | 641.6M▲ 0.8% | 669.36M▲ 4.3% | 612.52M▲ 0% |
| Pretax Margin % | 6.05% | 5.87% | 5.81% | 5.42% | 4.8% | 4.5% | 2.05% | 2.27% | 2.37% | 2.24% |
| Income Tax | 379.44M | 399.5M | 270.39M | 272.55M | 218.34M | 341.05M | 152.04M | 162.39M | 168.8M | 154.68M |
| Effective Tax Rate % | 37.7% | 37.56% | 24.3% | 23.48% | 22.62% | 22.85% | 23.88% | 25.31% | 25.22% | 25.25% |
| Net Income | 626.97M▲ 0% | 664.11M▲ 5.9% | 842.41M▲ 26.8% | 888.43M▲ 5.5% | 746.92M▼ 15.9% | 1.15B▲ 54.1% | 484.76M▼ 57.9% | 479.2M▼ 1.1% | 500.56M▲ 4.5% | 457.84M▲ 0% |
| Net Margin % | 3.77% | 3.67% | 4.4% | 4.15% | 3.72% | 3.47% | 1.56% | 1.7% | 1.77% | 1.67% |
| Net Income Growth % | 0.57% | 5.92% | 26.85% | 5.46% | -15.93% | 54.14% | -57.89% | -1.15% | 4.46% | -0.68% |
| Net Income (Continuing) | 626.97M | 664.11M | 842.41M | 888.43M | 746.92M | 1.15B | 484.76M | 479.2M | 500.56M | 457.84M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.26▲ 0% | 3.60▲ 10.4% | 4.79▲ 33.1% | 5.33▲ 11.3% | 4.52▼ 15.2% | 6.97▲ 54.2% | 3.03▼ 56.5% | 3.02▼ 0.3% | 3.21▲ 6.3% | 3.06▲ 0% |
| EPS Growth % | 7.59% | 10.43% | 33.06% | 11.27% | -15.2% | 54.2% | -56.53% | -0.33% | 6.29% | 2.71% |
| EPS (Basic) | 3.29 | 3.60 | 4.83 | 5.39 | 4.58 | 7.09 | 3.05 | 3.03 | 3.22 | - |
| Diluted Shares Outstanding | 192.22M | 184.47M | 175.88M | 166.82M | 165.13M | 165.18M | 159.77M | 158.71M | 156.06M | 149.38M |
| Basic Shares Outstanding | 190.34M | 182.66M | 174.46M | 164.84M | 163.18M | 162.41M | 158.8M | 158.22M | 155.33M | 149M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
KMX Balance Sheet
CarMax, Inc. (KMX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Feb'17 | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 2.87B | 3.06B | 3.21B | 3.66B | 4.12B | 6.55B | 5.04B | 5.23B | 5.08B | 4.2B |
| Cash & Short-Term Investments | 38.42M | 44.52M | 46.94M | 58.21M | 132.32M | 102.72M | 314.76M | 574.14M | 246.96M | 204.94M |
| Cash Only | 38.42M | 44.52M | 46.94M | 58.21M | 132.32M | 102.72M | 314.76M | 574.14M | 246.96M | 204.94M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 152.39M | 133.32M | 139.85M | 191.09M | 239.07M | 560.98M | 298.78M | 221.15M | 188.73M | 151.1M |
| Days Sales Outstanding | 3.34 | 2.69 | 2.67 | 3.26 | 4.34 | 6.17 | 3.5 | 2.86 | 2.44 | 2.38 |
| Inventory | 2.26B | 2.39B | 2.52B | 2.85B | 3.16B | 5.12B | 3.73B | 3.68B | 3.93B | 3.13B |
| Days Inventory Outstanding | 58.58 | 57.31 | 56.67 | 56.94 | 67.19 | 63.79 | 48.76 | 53.34 | 57.48 | 51.8 |
| Other Current Assets | 422.26M | 492.9M | 507.77M | 567.97M | 588.25M | 761.02M | 701.68M | 753.23M | 707.32M | 714.22M |
| Total Non-Current Assets | 13.41B | 14.42B | 15.5B | 17.42B | 17.42B | 19.79B | 21.14B | 21.97B | 22.33B | 21.36B |
| Property, Plant & Equipment | 2.52B | 2.67B | 2.83B | 3.52B | 3.49B | 3.75B | 3.98B | 4.19B | 4.34B | 4.5B |
| Fixed Asset Turnover | 6.61x | 6.79x | 6.77x | 6.09x | 5.76x | 8.86x | 7.83x | 6.74x | 6.51x | 6.20x |
| Goodwill | 0 | 0 | 0 | 0 | 653K | 141.26M | 141.26M | 141.26M | 141.26M | 141.26M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 156.7M | 13.74B | 15.5B | 16.59B | 137.3M | 17.47B | 67.1B |
| Other Non-Current Assets | 10.74B | 11.69B | 12.61B | 13.65B | 32.7M | 276.36M | 354.09M | 17.51B | 376.44M | 1.5B |
| Total Assets | 16.28B▲ 0% | 17.49B▲ 7.4% | 18.72B▲ 7.0% | 21.08B▲ 12.6% | 21.54B▲ 2.2% | 26.34B▲ 22.3% | 26.18B▼ 0.6% | 27.2B▲ 3.9% | 27.4B▲ 0.8% | 25.56B▲ 0% |
| Asset Turnover | 1.02x | 1.04x | 1.02x | 1.02x | 0.93x | 1.26x | 1.19x | 1.04x | 1.03x | 1.02x |
| Asset Growth % | 12.41% | 7.41% | 7.04% | 12.63% | 2.18% | 22.27% | -0.59% | 3.87% | 0.76% | -7.06% |
| Total Current Liabilities | 1.11B | 1.17B | 1.31B | 1.53B | 1.7B | 2.05B | 1.94B | 2.31B | 2.2B | 2.11B |
| Accounts Payable | 494.99M | 529.73M | 593.17M | 737.14M | 799.33M | 937.72M | 826.59M | 933.71M | 977.85M | 887.5M |
| Days Payables Outstanding | 12.83 | 12.7 | 13.34 | 14.75 | 17.01 | 11.67 | 10.82 | 13.54 | 14.29 | 14.07 |
| Short-Term Debt | 333.77M | 365.55M | 398.34M | 433.46M | 452.58M | 532.27M | 579.47M | 797.45M | 487.19M | 796.64M |
| Deferred Revenue (Current) | 0 | 0 | 3.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 91.13M | 88.61M | 122.52M | 147.84M | -9.42M | 231.29M | 265.39M | 0 | -15.01M | 418.02M |
| Current Ratio | 2.60x | 2.61x | 2.45x | 2.39x | 2.42x | 3.20x | 2.60x | 2.26x | 2.31x | 2.31x |
| Quick Ratio | 0.55x | 0.57x | 0.53x | 0.53x | 0.56x | 0.70x | 0.68x | 0.67x | 0.52x | 0.52x |
| Cash Conversion Cycle | 49.1 | 47.29 | 46 | 45.45 | 54.52 | 58.29 | 41.45 | 42.66 | 45.64 | 40.1 |
| Total Non-Current Liabilities | 12.06B | 13B | 14.05B | 15.78B | 15.48B | 19.06B | 18.63B | 18.81B | 18.96B | 17.39B |
| Long-Term Debt | 11.34B | 12.26B | 13.28B | 14.41B | 14.62B | 18.18B | 17.78B | 17.96B | 18.14B | 15.88B |
| Capital Lease Obligations | 486.64M | 490.37M | 515.24M | 1.06B | 543.71M | 523.27M | 523.83M | 496.21M | 671.18M | 1.97B |
| Deferred Tax Liabilities | 84.88M | 83.52M | 0 | 220.04M | 217.94M | 333.75M | 366.89M | 327.9M | 0 | 0 |
| Other Non-Current Liabilities | 238.55M | 242.55M | 243M | 314.55M | 314.75M | 211.9M | 167.25M | 156.14M | 154.73M | 1.99B |
| Total Liabilities | 13.17B | 14.17B | 15.36B | 17.31B | 17.18B | 21.1B | 20.57B | 21.12B | 21.16B | 19.5B |
| Total Debt | 12.17B | 13.12B | 14.2B | 15.85B | 15.66B | 19.27B | 18.93B | 19.31B | 19.43B | 16.68B |
| Net Debt | 12.13B | 13.07B | 14.16B | 15.79B | 15.39B | 19.17B | 18.62B | 18.74B | 19.18B | 16.47B |
| Debt / Equity | 3.91x | 3.96x | 4.23x | 4.21x | 3.59x | 3.68x | 3.37x | 3.18x | 3.11x | 3.11x |
| Debt / EBITDA | 9.87x | 9.99x | 10.36x | 10.90x | 12.58x | 10.52x | 18.41x | 18.40x | 17.65x | 21.07x |
| Net Debt / EBITDA | 9.84x | 9.96x | 10.32x | 10.86x | 12.37x | 10.47x | 18.10x | 17.85x | 17.42x | 17.42x |
| Interest Coverage | 18.86x | 16.02x | 15.69x | 14.92x | 11.64x | 16.49x | 6.21x | 6.06x | 7.31x | 3.08x |
| Total Equity | 3.11B▲ 0% | 3.32B▲ 6.7% | 3.36B▲ 1.2% | 3.77B▲ 12.3% | 4.36B▲ 15.8% | 5.24B▲ 20.0% | 5.61B▲ 7.2% | 6.07B▲ 8.2% | 6.24B▲ 2.8% | 6.06B▲ 0% |
| Equity Growth % | 7.02% | 6.7% | 1.21% | 12.27% | 15.81% | 19.95% | 7.21% | 8.21% | 2.79% | 2.71% |
| Book Value per Share | 16.17 | 17.98 | 19.09 | 22.59 | 26.43 | 31.70 | 35.13 | 38.27 | 40.00 | 40.60 |
| Total Shareholders' Equity | 3.11B | 3.32B | 3.36B | 3.77B | 4.36B | 5.24B | 5.61B | 6.07B | 6.24B | 6.06B |
| Common Stock | 93.27M | 89.87M | 83.74M | 81.54M | 81.59M | 80.53M | 79.04M | 78.81M | 76.66M | 71.53M |
| Retained Earnings | 1.88B | 2.05B | 2.1B | 2.49B | 2.89B | 3.52B | 3.72B | 4.13B | 4.27B | 4.2B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -56.55M | -54.31M | -68.01M | -150.07M | -118.69M | -46.42M | 97.87M | 59.28M | 3.08M | -27.28M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
KMX Cash Flow Statement
CarMax, Inc. (KMX) cash flow — operating, investing & free cash flow history
| Line item | Feb'17 | Feb'18 | Feb'19 | Feb'20 | Feb'21 | Feb'22 | Feb'23 | Feb'24 | Feb'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -468.14M | -80.55M | 162.97M | -236.61M | 667.76M | -2.55B | 1.28B | 458.62M | 624.44M | 624.44M |
| Operating CF Margin % | -2.81% | -0.44% | 0.85% | -1.1% | 3.32% | -7.68% | 4.12% | 1.63% | 2.21% | - |
| Operating CF Growth % | -214.41% | 82.79% | 302.32% | -245.18% | 382.22% | -481.79% | 150.34% | -64.26% | 36.16% | 5794.71% |
| Net Income | 626.97M | 664.11M | 842.41M | 888.43M | 746.92M | 1.15B | 484.76M | 479.2M | 500.56M | 457.84M |
| Depreciation & Amortization | 168.88M | 179.94M | 182.25M | 215.81M | 242.16M | 273.19M | 265.22M | 260.41M | 294.8M | 329.67M |
| Stock-Based Compensation | 91.59M | 61.88M | 75.01M | 108.86M | 121.9M | 109.2M | 85.59M | 119.72M | 137.25M | 114.95M |
| Deferred Taxes | 2.32M | 81.01M | 2.3M | -1.1M | -35.79M | 15M | -6.55M | -4.8M | -23.72M | 72.86M |
| Other Non-Cash Items | 218.89M | 201.64M | 220.61M | 278.47M | 231.53M | 237.48M | 419.92M | 400.08M | 450.61M | 1.37B |
| Working Capital Changes | -1.58B | -1.27B | -1.16B | -1.73B | -638.96M | -4.34B | 34.38M | -796M | -735.05M | 138.93M |
| Change in Receivables | -20.22M | 19.07M | -6.53M | -51.24M | -43.51M | -288.19M | 262.2M | 77.63M | 32.42M | -186.27M |
| Change in Inventory | -328.53M | -130.13M | -128.76M | -326.96M | -323.32M | -1.97B | 1.4B | 48.07M | -256.55M | 537.22M |
| Change in Payables | 61.75M | 38.29M | 86.36M | 85.44M | 106.79M | 175.11M | -197.69M | 118.51M | 71.71M | 65.02M |
| Cash from Investing | -465.57M | -326.79M | -308.51M | -389.36M | -128.18M | -523.75M | -425.77M | -467M | -461M | -524.35M |
| Capital Expenditures | -418.14M | -296.82M | -304.64M | -331.9M | -164.54M | -308.53M | -422.71M | -465.31M | -467.94M | -535.58M |
| CapEx % of Revenue | 2.51% | 1.64% | 1.59% | 1.55% | 0.82% | 0.93% | 1.36% | 1.65% | 1.66% | - |
| Acquisitions | 1.23M | 97K | 304.64M | 331.9M | 29.91M | -229.26M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -41.44M | -23.11M | -303.94M | -331.89M | 1.85M | 260K | 5.19M | 1.35M | 333K | 3.7M |
| Cash from Financing | 934.73M | 413.45M | 186.02M | 686.98M | -424.02M | 3.1B | -710.18M | 307.79M | -453.54M | -2.02B |
| Debt Issued (Net) | 1.44B | 935.76M | 1.05B | 1.15B | -337.23M | 3.62B | -393.34M | 378.74M | -77.57M | -1.38B |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -4M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -564.34M | -579.57M | -904.73M | -567.75M | -229.94M | -576.48M | -333.93M | -94.09M | -428.45M | -687.31M |
| Other Financing | -4.29M | -16.26M | -17.06M | -20.1M | 143.15M | -20.13M | 17.09M | -21.63M | -21.25M | -4.39M |
| Net Change in Cash | 1.02M▲ 0% | 6.11M▲ 497.7% | 40.48M▲ 562.6% | 61.01M▲ 50.7% | 115.56M▲ 89.4% | 31.67M▼ 72.6% | 147.39M▲ 365.4% | 299.41M▲ 103.1% | -290.1M▼ 196.9% | -63.03M▲ 0% |
| Free Cash Flow | -886.28M▲ 0% | -377.37M▲ 57.4% | -141.66M▲ 62.5% | -568.5M▼ 301.3% | 503.22M▲ 188.5% | -2.86B▼ 667.9% | 860.62M▲ 130.1% | -6.69M▼ 100.8% | 156.5M▲ 2439.3% | 1.95B▲ 0% |
| FCF Margin % | -5.33% | -2.08% | -0.74% | -2.65% | 2.5% | -8.61% | 2.76% | -0.02% | 0.55% | 7.12% |
| FCF Growth % | -90.81% | 57.42% | 62.46% | -301.3% | 188.52% | -667.93% | 130.11% | -100.78% | 2439.31% | 477.43% |
| FCF per Share | -4.61 | -2.05 | -0.81 | -3.41 | 3.05 | -17.30 | 5.39 | -0.04 | 1.00 | 1.00 |
| FCF Conversion (FCF/Net Income) | -0.75x | -0.12x | 0.19x | -0.27x | 0.89x | -2.21x | 2.65x | 0.96x | 1.25x | 4.26x |
| Interest Paid | 55.14M | 69.43M | 74.2M | 0 | 86.44M | 91.69M | 122.15M | 123.55M | 104.93M | 0 |
| Taxes Paid | 371.23M | 353.98M | 220.67M | 0 | 247.75M | 373.23M | 152.63M | 164.61M | 69.6M | 0 |
KMX Key Ratios
CarMax, Inc. (KMX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 20.85% | 20.67% | 25.25% | 24.94% | 18.37% | 23.99% | 8.94% | 8.2% | 8.13% | 7.55% |
| Return on Invested Capital (ROIC) | 5.55% | 5.37% | 5.26% | 5.01% | 3.81% | 5.26% | 2.31% | 2.31% | 2.36% | 2.36% |
| Gross Margin | 15.34% | 15.94% | 15.25% | 14.84% | 14.64% | 11.68% | 10.39% | 10.78% | 11.43% | 10.98% |
| Net Margin | 3.77% | 3.67% | 4.4% | 4.15% | 3.72% | 3.47% | 1.56% | 1.7% | 1.77% | 1.67% |
| Debt / Equity | 3.91x | 3.96x | 4.23x | 4.21x | 3.59x | 3.68x | 3.37x | 3.18x | 3.11x | 3.11x |
| Interest Coverage | 18.86x | 16.02x | 15.69x | 14.92x | 11.64x | 16.49x | 6.21x | 6.06x | 7.31x | 3.08x |
| FCF Conversion | -0.75x | -0.12x | 0.19x | -0.27x | 0.89x | -2.21x | 2.65x | 0.96x | 1.25x | 4.26x |
| Revenue Growth | 5.08% | 8.88% | 5.69% | 11.9% | -6.22% | 65.22% | -6.24% | -9.36% | -0.02% | -1.49% |
KMX SEC Filings & Documents
CarMax, Inc. (KMX) SEC filings — annual & quarterly reports (10-K, 10-Q)
KMX Frequently Asked Questions
CarMax, Inc. (KMX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
CarMax, Inc. (KMX) reported $27.38B in revenue for fiscal year 2025. This represents a 5267% increase from $510.2M in 1997.
CarMax, Inc. (KMX) saw revenue decline by 0.0% over the past year.
Yes, CarMax, Inc. (KMX) is profitable, generating $457.8M in net income for fiscal year 2025 (1.8% net margin).
Dividend & Returns
CarMax, Inc. (KMX) has a return on equity (ROE) of 8.1%. This is below average, suggesting room for improvement.
CarMax, Inc. (KMX) generated $1.95B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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