CarMax, Inc. (KMX) Earnings History
Earnings Pressure30 years of earnings data (1997–2026) · 5-year EPS trend is negative
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CarMax, Inc. (KMX) Earnings Overview
As of November 8, 2026, CarMax, Inc. (KMX) reported trailing twelve-month net income of $292M, reflecting -47.7% year-over-year growth. The company earned $2.05 per diluted share over the past four quarters, with a net profit margin of 1.0%.
Looking at the long-term picture, KMX's 5-year EPS compound annual growth rate (CAGR) stands at -18.0%, signaling declining earnings. The company achieved its highest annual net income of $1.15B in fiscal 2022.
CarMax, Inc. maintains positive profitability with a gross margin of 10.8%, operating margin of -1.6%, and net margin of 1.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including AN ($722M net income, 2.3% margin), PAG ($944M net income, 2.9% margin), LAD ($788M net income, 2.2% margin), KMX has room to improve margins relative to the peer group. Compare KMX vs AN →
KMX Earnings vs Peers
Earnings metrics vs comparable public companies
KMX Historical Earnings Data (1997–2026)
30 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $247M | -50.6% | -$410M | $1.68 | 1.0% | -1.6% |
| 2025 | $501M | +4.5% | -$221M | $3.21 | 1.9% | -0.8% |
| 2024 | $479M | -1.1% | -$206M | $3.02 | 1.8% | -0.8% |
| 2023 | $485M | -57.9% | -$311M | $3.03 | 1.6% | -1.0% |
| 2022 | $1.15B | +54.1% | $552M | $6.97 | 3.6% | 1.7% |
| 2021 | $747M | -15.9% | $273M | $4.52 | 3.9% | 1.4% |
| 2020 | $888M | +5.5% | $554M | $5.33 | 4.4% | 2.7% |
| 2019 | $842M | +26.8% | $558M | $4.79 | 4.6% | 3.1% |
| 2018 | $664M | +5.9% | $712M | $3.60 | 3.9% | 4.2% |
| 2017 | $627M | +0.6% | $695M | $3.26 | 3.9% | 4.4% |
| 2016 | $623M | +4.4% | $667M | $3.03 | 4.1% | 4.4% |
| 2015 | $597M | +21.3% | $630M | $2.73 | 4.2% | 4.4% |
| 2014 | $493M | +13.4% | $494M | $2.16 | 3.9% | 3.9% |
| 2013 | $434M | +5.0% | $433M | $1.87 | 4.0% | 4.0% |
| 2012 | $414M | +9.6% | $1.38B | $1.79 | 4.1% | 13.8% |
| 2011 | $377M | +34.0% | $422M | $1.65 | 4.2% | 4.7% |
| 2010 | $282M | +375.7% | $280M | $1.26 | 3.8% | 3.8% |
| 2009 | $59M | -67.5% | $67M | $0.27 | 0.8% | 1.0% |
| 2008 | $182M | -8.3% | $214M | $0.83 | 2.2% | 2.6% |
| 2007 | $199M | +34.1% | $195M | $0.92 | 2.7% | 2.6% |
| 2006 | $148M | +31.1% | $139M | $0.63 | 2.4% | 2.2% |
| 2005 | $113M | -3.0% | $104M | $0.48 | 2.1% | 2.0% |
| 2004 | $116M | +22.8% | $103M | $0.55 | 2.5% | 2.2% |
| 2003 | $95M | +4.4% | $76M | $0.46 | 2.4% | 1.9% |
| 2002 | $91M | +99.3% | $85M | $0.44 | 2.6% | 2.4% |
| 2001 | $46M | +3975.5% | $42M | $0.23 | 1.7% | 1.5% |
| 2000 | $1M | +104.8% | $12M | $0.01 | 0.1% | 0.6% |
| 1999 | -$24M | +31.3% | -$32M | $-0.50 | -1.6% | -2.2% |
| 1998 | -$34M | -267.7% | -$54M | $-0.77 | -3.9% | -6.2% |
| 1997 | -$9M | - | -$10M | $-0.21 | -1.8% | -1.9% |
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KMX — Frequently Asked Questions
Quick answers to the most common questions about buying KMX stock.
What is KMX earnings per share (EPS)?
KMX trailing twelve-month (TTM) diluted EPS is $2.05, reflecting -47.7% year-over-year growth. The 5-year EPS CAGR is -18.0%. Complete EPS history from 1997 to 2026 is available in the table on this page.
What is CarMax, Inc.'s net income?
CarMax, Inc. (KMX) trailing twelve-month net income is $292M as of 2026. Earnings declined -47.7% year-over-year. CarMax, Inc. has been profitable for 27 consecutive years.
Is KMX profitable?
Yes, KMX is profitable with a TTM net income of $292M and a net profit margin of +1.0%. CarMax, Inc. has generated profits for 27 consecutive years.
What is KMX's earnings growth rate?
KMX compound annual EPS growth rates (CAGR): 1-Year: -47.7%, 3-Year: -17.8%, 5-Year: -18.0%, 10-Year: -5.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1997 to 2026.
What are KMX's profit margins?
CarMax, Inc. net profit margin is +1.0%, operating margin is -1.6%, and gross margin is +10.8%. Below-average margins reflect competitive or cost pressures. Return on Equity is +4.1%.
Is KMX growing earnings?
KMX earnings are declining — EPS fell -47.7% year-over-year. TTM net income dropped to $292M. This contrasts with the 5-year CAGR of -18.0%.
What was KMX's best earnings year?
CarMax, Inc.'s highest annual net income on record is $1.2B, achieved in fiscal year 2022. Earnings history on this page spans 1997 to 2026 and includes all annual and quarterly figures.
What were KMX's earnings last quarter?
KMX's most recent reported quarter was Q2 2027. Net income was $165M with diluted EPS of $1.16. For a full breakdown of all quarters, see the quarterly earnings table on this page.