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CarMax (KMX) is a Consumer Discretionary company in the Russell 1000. Latest news and coverage below.
| FY2017Feb 2017 | FY2018Feb 2018 | FY2019Feb 2019 | FY2020Feb 2020 | FY2021Feb 2021 | FY2022Feb 2022 | FY2023Feb 2023 | FY2024Feb 2024 | FY2025Feb 2025 | FY2026Feb 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $15.9B | $17.1B | $18.2B | $20.3B | $19.0B | $31.9B | $29.7B | $26.5B | $26.4B | $25.9B |
| Growth (year over year) | +4.8% | +7.8% | +6.1% | +11.8% | −6.7% | +68.3% | −6.9% | −10.6% | −0.7% | −1.8% |
| Gross profit | $2.18B | $2.33B | $2.48B | $2.72B | $2.38B | $3.29B | $2.80B | $2.71B | $2.90B | $2.81B |
| Gross margin | 13.8% | 13.6% | 13.6% | 13.4% | 12.6% | 10.3% | 9.4% | 10.2% | 11.0% | 10.8% |
| Net income | $627.0M | $664.1M | $842.4M | $888.4M | $746.9M | $1.15B | $484.8M | $479.2M | $500.6M | $247.3M |
| Net margin | 3.9% | 3.9% | 4.6% | 4.4% | 3.9% | 3.6% | 1.6% | 1.8% | 1.9% | 1.0% |
| EPS (diluted) | $3.26 | $3.60 | $4.79 | $5.33 | $4.52 | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Balance sheet | ||||||||||
| Cash and equivalents | $38.4M | $44.5M | $46.9M | $58.2M | $132.3M | $102.7M | $314.8M | $574.1M | $247.0M | $122.8M |
| Total assets | $16.3B | $17.5B | $18.7B | $21.1B | $21.5B | $26.3B | $26.2B | $27.2B | $27.4B | $26.4B |
| Total liabilities | $13.2B | $14.2B | $15.4B | $17.3B | $17.2B | $21.1B | $20.6B | $21.1B | $21.2B | $20.5B |
| Long-term debt | $12.2B | $13.1B | $14.2B | $14.9B | $14.6B | $18.2B | $17.8B | $18.0B | $18.1B | $17.3B |
| Shareholders' equity | $3.11B | $3.32B | $3.36B | $3.77B | $4.36B | $5.24B | $5.61B | $6.07B | $6.24B | $5.89B |
| Cash flow | ||||||||||
| Operating cash flow | −$455.3M | −$80.5M | $163.0M | −$236.6M | $667.8M | −$2.55B | $1.28B | $458.6M | $624.4M | $1.78B |
| Capital expenditure | $418.1M | $296.8M | $304.6M | $331.9M | $164.5M | $308.5M | $422.7M | $465.3M | $467.9M | $541.0M |
| Free cash flow | −$873.5M | −$377.4M | −$141.7M | −$568.5M | $503.2M | −$2.86B | $860.6M | −$6.69M | $156.5M | $1.24B |
| Share buybacks | $564.3M | $579.6M | $904.7M | $567.7M | $229.9M | $576.5M | $333.9M | $94.1M | $428.5M | $642.8M |
| Q3 FY25Nov 2024 | Q4 FY25†Feb 2025 | Q1 FY26May 2025 | Q2 FY26Aug 2025 | Q3 FY26Nov 2025 | Q4 FY26†Feb 2026 | Q1 FY27May 2026 | Q2 FY27Aug 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.22B | $6.00B | $7.55B | $6.59B | $5.79B | $5.95B | $8.01B | $7.88B |
| Growth (year over year) | +1.2% | +6.7% | +6.1% | −6.0% | −6.9% | −1.0% | +6.2% | +19.5% |
| Gross profit | $677.6M | $667.9M | $893.6M | $717.7M | $590.0M | $605.3M | $854.4M | $799.5M |
| Gross margin | 10.9% | 11.1% | 11.8% | 10.9% | 10.2% | 10.2% | 10.7% | 10.1% |
| Net income | $125.4M | $89.9M | $210.4M | $95.4M | $62.2M | −$120.7M | $185.6M | $165.3M |
| Net margin | 2.0% | 1.5% | 2.8% | 1.4% | 1.1% | −2.0% | 2.3% | 2.1% |
| EPS (diluted) | $0.81 | $0.58 | $1.38 | $0.64 | $0.43 | −$0.77 | $1.31 | $1.16 |
| Balance sheet | ||||||||
| Cash and equivalents | $271.9M | $247.0M | $262.8M | $540.4M | $204.9M | $122.8M | $132.2M | $170.5M |
| Total assets | $27.3B | $27.4B | $27.4B | $27.1B | $25.6B | $26.4B | $26.6B | $26.1B |
| Total liabilities | $21.1B | $21.2B | $21.1B | $20.9B | $19.5B | $20.5B | $20.5B | $19.8B |
| Long-term debt | $18.1B | $18.1B | $18.0B | $17.8B | $16.6B | $17.3B | $17.6B | $16.8B |
| Shareholders' equity | $6.21B | $6.24B | $6.29B | $6.20B | $6.06B | $5.89B | $6.12B | $6.30B |
| Cash flow | ||||||||
| Operating cash flow | −$23.4M | $146.4M | $299.5M | $785.5M | $1.25B | −$554.3M | $17.6M | $882.9M |
| Capital expenditure | $127.2M | $127.6M | $136.7M | $131.5M | $139.8M | $133.0M | $103.3M | $77.1M |
| Free cash flow | −$150.6M | $18.8M | $162.8M | $654.0M | $1.11B | −$687.3M | −$85.7M | $805.8M |
| Share buybacks | $116.3M | $98.9M | $204.0M | $180.8M | $203.6M | $54.3M | $2.31M | $313.0K |
From CarMax's 10-K and 10-Q filings with the SEC; its fiscal year ends in February. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. In 2021 CarMax, Inc. purchased remaining shares of Edmunds.com, Inc. (edmunds) making it a wholly owned subsidiary. As of January 2025, CarMax operates 253 locations.