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.
- Ticker
- KMX
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Auto & Truck Dealerships
- Market cap
- $7.31B
- 52-week range
- $30.26 - $65.28
Valuation
- Share price
- $51.48 (close of Nov 6, 2026)
- P/E (TTM)
- 24.17x
- Price to book
- 1.16x
- Price to free cash flow
- 6.38x
- Enterprise value
- $25.01B
- Book value per share
- $44.42
Price performance
| Period | Change |
|---|---|
| 1 day | -2.13% |
| 5 days | -7.38% |
| 1 month | -6.89% |
| 3 months | -11.33% |
| 6 months | +30.56% |
| Year to date | +33.23% |
| 1 year | +66.71% |
| 3 years | -22.06% |
| 5 years | -66.72% |
| 10 years | +1.92% |
| All time | +387.38% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 7.97%
- Shares short
- 9.95M
- Days to cover
- 3.28
- Change since prior report
- -7.53%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed KMX trades
Super investors holding KMX
First Pacific Advisors (First Pacific Advisors, LP) · Vulcan Value Partners (Vulcan Value Partners, LLC) · John Rogers (Ariel Investments LLC) · Hillman Capital (Hillman Capital Management, Inc) · Ken Griffin (Citadel)
Profitability and growth
- Return on equity
- 4.20%
- Return on invested capital
- 1.46%*
- Return on assets
- 0.94%
- Return on capital employed
- 2.06%*
- Gross margin
- 10.84%
- Net margin
- 0.96%
- EBITDA margin
- 3.24%
- Revenue growth
- -1.79%
- Net income growth
- -50.60%
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 15.69%
- Current ratio
- 2.33x
- Net debt to EBITDA
- 10.51x
Latest reported year
- Period end
- Feb 28, 2026
- 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 | Return on capital |
|---|---|---|---|---|
| 2026-02-28 | 10.84% | 0.96% | 4.20% | 1.46%* |
| 2025-02-28 | 11.00% | 1.90% | 8.02% | 2.39%* |
| 2024-02-29 | 10.22% | 1.81% | 7.89% | 2.38%* |
| 2023-02-28 | 9.43% | 1.63% | 8.64% | 2.47%* |
| 2022-02-28 | 10.31% | 3.61% | 21.99% | 5.16%* |
| 2021-02-28 | 12.55% | 3.94% | 17.11% | 4.26%* |
| 2020-02-29 | 13.40% | 4.37% | 23.57% | 5.04%* |
| 2019-02-28 | 13.65% | 4.64% | 25.09% | 5.36%* |
| 2018-02-28 | 13.60% | 3.88% | 20.02% | 4.37%* |
| 2017-02-28 | 13.75% | 3.95% | 20.17% | 4.37%* |
* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.
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 | $13.14B |
| 2017-02-28 | $38.42M | $12.19B |
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
- Dec 17, 2026
- Consensus EPS estimate
- $0.42
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-09-29 | Aug 2026 | $0.68 |
| 2026-06-17 | May 2026 | $0.94 |
| 2026-04-14 | Feb 2026 | $0.22 |
| 2025-12-18 | Nov 2025 | $0.32 |
| 2025-09-25 | Aug 2025 | $1.03 |
| 2025-06-20 | May 2025 | $1.18 |
| 2025-04-10 | Feb 2025 | $0.64 |
| 2024-12-19 | Nov 2024 | $0.62 |
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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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Short interest · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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