CarMax Inc (KMX)
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; wholesale auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.
- Symbol
- KMX
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Auto & Truck Dealerships
- Market cap
- $8.07B
- 52 week range
- 30.26 - 65.28
Valuation
- Share price
- $57.46 (close of 2026-09-23)
- P/E (TTM)
- 35.30x
- Price to book
- 1.32x
- Price to free cash flow
- 8.11x
- Enterprise value
- $26.58B
- Book value per share
- $43.12
Price performance
| Period | Change |
|---|
| 1 day | -0.69% |
| 5 days | -4.01% |
| 1 month | -7.52% |
| 3 months | +10.69% |
| 6 months | +33.97% |
| Year to date | +48.71% |
| 1 year | -0.24% |
| 3 years | -25.05% |
| 5 years | -59.58% |
| 10 years | +6.92% |
| All time | +444.13% |
Profitability and growth
- Return on equity
- 4.20%
- Return on assets
- 0.94%
- Gross margin
- 10.84%
- Net margin
- 0.96%
- EBITDA margin
- 3.24%
- Revenue growth
- -1.79%
- Net income growth
- -50.60%
- Free cash flow growth
- 694.16%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 12.33%
- Current ratio
- 2.70x
- Net debt to EBITDA
- 11.63x
Latest reported year
- Period end
- 2026-02-28
- Fiscal year
- 2026
- Revenue
- $25.88B
- Cost of revenue
- $23.07B
- Gross profit
- $2.81B
- EBITDA
- $839.79M
- Net income
- $247.29M
- Earnings per share
- $1.68
- Interest expense
- $110.39M
- Shares outstanding
- 147.26M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-02-28 | $25.88B | $2.81B | $247.29M | $1.68 |
| 2025-02-28 | $26.35B | $2.90B | $500.56M | $3.22 |
| 2024-02-29 | $26.54B | $2.71B | $479.20M | $3.03 |
| 2023-02-28 | $29.68B | $2.80B | $484.76M | $3.05 |
| 2022-02-28 | $31.90B | $3.29B | $1.15B | $7.09 |
| 2021-02-28 | $18.95B | $2.38B | $746.92M | $4.58 |
| 2020-02-29 | $20.32B | $2.72B | $888.43M | $5.39 |
| 2019-02-28 | $18.17B | $2.48B | $842.41M | $4.83 |
| 2018-02-28 | $17.12B | $2.33B | $664.11M | $3.64 |
| 2017-02-28 | $15.88B | $2.18B | $626.97M | $3.29 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity |
|---|
| 2026-02-28 | 10.84% | 0.96% | 4.20% |
| 2025-02-28 | 11.00% | 1.90% | 8.02% |
| 2024-02-29 | 10.22% | 1.81% | 7.89% |
| 2023-02-28 | 9.43% | 1.63% | 8.64% |
| 2022-02-28 | 10.31% | 3.61% | 21.99% |
| 2021-02-28 | 12.55% | 3.94% | 17.11% |
| 2020-02-29 | 13.40% | 4.37% | 23.57% |
| 2019-02-28 | 13.65% | 4.64% | 25.09% |
| 2018-02-28 | 13.60% | 3.88% | 20.02% |
| 2017-02-28 | 13.75% | 3.95% | 20.17% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2026-02-28 | $8.10M | $17.26B |
| 2025-02-28 | $126.90M | $18.14B |
| 2024-02-29 | $484.30M | $17.96B |
| 2023-02-28 | $229.50M | $17.78B |
| 2022-02-28 | - | $18.18B |
| 2021-02-28 | $46.90M | $14.62B |
| 2020-02-29 | $58.21M | $14.94B |
| 2019-02-28 | $46.94M | $13.78B |
| 2018-02-28 | $44.52M | - |
| 2017-02-28 | $38.42M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-02-28 | $1.24B | $99.02M |
| 2025-02-28 | $156.50M | $134.71M |
| 2024-02-29 | $-6.69M | $119.72M |
| 2023-02-28 | $860.62M | $85.59M |
| 2022-02-28 | $-2.86B | $109.20M |
| 2021-02-28 | $503.22M | $121.90M |
| 2020-02-29 | $-568.50M | $108.86M |
| 2019-02-28 | $-141.66M | $75.01M |
| 2018-02-28 | $-377.37M | $61.88M |
| 2017-02-28 | $-873.46M | $91.59M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-09-29
- Consensus EPS estimate
- $0.66
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-06-17 | May/2026 | $0.94 |
| 2026-04-14 | - | - |
| 2025-12-18 | - | - |
| 2025-09-25 | - | - |
| 2025-06-20 | - | - |
| 2025-04-10 | - | - |
| 2024-12-19 | - | - |
| 2024-09-26 | - | - |
Filings and sources
- Company website
- carmax.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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