CarMax, Inc. (KMX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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KMX Revenue Growth
Revenue Breakdown (FY 2025)
KMX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
KMX Revenue Analysis (2014–2025)
As of May 8, 2026, CarMax, Inc. (KMX) generated trailing twelve-month (TTM) revenue of $27.38 billion, reflecting significant decline in growth of -13.4% year-over-year. The most recent quarter (Q3 2026) recorded $5.79 billion in revenue, down 18.2% sequentially.
Looking at the longer-term picture, KMX's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $33.20 billion in 2022.
Revenue diversification analysis shows KMX's business is primarily driven by Used Vehicles (82%), and Wholesale Vehicles (18%). With over half of revenue concentrated in Used Vehicles, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including AN (+1.9% YoY), PAG (+4.8% YoY), and LAD (+2.5% YoY), KMX has underperformed the peer group in terms of revenue growth. Compare KMX vs AN →
KMX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| KMXCurrent | $27.4B | -13.4% | +5.7% | 2.8% | |
 AN | $27.6B | +1.9% | +6.3% | 4.8% | |
 PAG | $31.8B | +4.8% | +9.2% | 4.0% | |
 LAD | $37.6B | +2.5% | +23.4% | 3.8% | |
 SAH | $15.2B | +6.5% | +9.2% | 3.6% | |
 ABG | $18.0B | +4.8% | +20.3% | 5.6% |
KMX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $28.21B | -0.0% | $3.22B | 11.4% | $788.9M | 2.8% |
| 2024 | $28.21B | -9.4% | $3.04B | 10.8% | $756.1M | 2.7% |
| 2023 | $31.13B | -6.2% | $3.24B | 10.4% | $747.8M | 2.4% |
| 2022 | $33.20B | +65.2% | $3.88B | 11.7% | $1.55B | 4.7% |
| 2021 | $20.09B | -6.2% | $2.94B | 14.6% | $1.00B | 5.0% |
| 2020 | $21.42B | +11.9% | $3.18B | 14.8% | $1.24B | 5.8% |
| 2019 | $19.15B | +5.7% | $2.92B | 15.2% | $1.19B | 6.2% |
| 2018 | $18.11B | +8.9% | $2.89B | 15.9% | $1.13B | 6.3% |
| 2017 | $16.64B | +5.1% | $2.55B | 15.3% | $1.06B | 6.4% |
| 2016 | $15.83B | +6.4% | $2.41B | 15.2% | $1.06B | 6.7% |
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Start ComparisonKMX — Frequently Asked Questions
Quick answers to the most common questions about buying KMX stock.
Is KMX's revenue growth accelerating or slowing?
KMX revenue declined -13.4% year-over-year, contrasting with the 5-year CAGR of +5.7%. TTM revenue fell to $27.4B. This reverses the prior growth trend.
What is KMX's long-term revenue growth rate?
CarMax, Inc.'s 5-year revenue CAGR of +5.7% reflects the variable expansion pattern. Current YoY growth of -13.4% is below this long-term average.
How is KMX's revenue distributed by segment?
KMX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.