CARMAX INC KMX

Consumer discretionary SIC 5500 - Retail-Auto Dealers & Gasoline Stations NAICS Retail Trade › Motor Vehicle and Parts Dealers derived NYSE

CarMax, Inc. delivers an unrivaled customer experience by offering a broad selection of quality used vehicles and related products and services at competitive, no-haggle prices using a customer-friendly sales process. We are the nation's largest retailer of used vehicles, and we sold 780,684 used vehicles at retail during the fiscal year ended February 28, 2026. We are also one of the nation's largest operators of wholesale vehicle auctions, with 538,203 vehicles sold during fiscal 2026, and one of the nation's largest providers of used vehicle financing, servicing approximately 1.0 million customer accounts in our $16.37 billion portfolio of auto loans as of February 28, 2026. Our omni-channel experience provides a common platform across all of CarMax that leverages our scale, national footprint and infrastructure and empowers our customers to buy a vehicle on their terms, whether online, in-store or through a seamless combination of both. Our associates, stores, technology and digital capabilities seamlessly tied together enable us to provide the most customer-centric car buying and selling experience, a key differentiator in a large and fragmented market.

Last close 51.55 2026-10-23
Market cap $7.32B 2026-05-31 share count
52-week range 30.26 - 65.28

Valuation FY2025 figures against the last close

P/S0.3x
P/E30.7x
P/FCF5.9x
EV/EBITDA—
Dividend yield—
Diluted EPS1.68

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $25.88B$26.35B$26.54B$29.68B$31.90B$18.95B$20.32B$18.17B$17.12B$15.88B
Cost of revenue $23.07B$23.46B$23.82B$26.88B$28.61B$16.57B$17.60B$15.69B$14.79B$13.69B
Gross profit $2.81B$2.90B$2.71B$2.80B$3.29B$2.38B$2.72B$2.48B$2.33B$2.18B
SG&A $2.45B$2.44B$2.29B$2.49B$2.33B$1.70B$1.75B$1.73B$1.62B$1.49B
Interest expense $110.4M$107.9M$124.8M$120.4M$94.1M$86.2M$83.0M$75.8M$70.7M$56.4M
Pre-tax income $383.4M$669.4M$641.6M$636.8M$1.49B$965.3M$1.16B$1.11B$1.06B$1.01B
Income tax $136.1M$168.8M$162.4M$152.0M$341.0M$218.3M$272.6M$270.4M$399.5M$379.4M
Net income $247.0M$501.0M$479.0M$485.0M$1.15B$746.9M$888.4M$842.4M$664.1M$627.0M
EPS, basic 1.683.223.033.057.094.585.394.833.643.29
EPS, diluted 1.683.213.023.036.974.525.334.793.603.26
Shares, diluted (wtd. avg.) 147.6M156.1M158.7M159.8M165.2M165.1M166.8M175.9M184.5M192.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $122.8M$247.0M$574.1M$951.0M$803.6M$771.9M$656.4M$595.4M$554.9M$523.9M
Receivables $204.5M$188.7M$221.2M$298.8M$561.0M$239.1M$191.1M$139.8M$133.3M$152.4M
Inventory $4.14B$3.93B$3.68B$3.73B$5.12B$3.16B$2.85B$2.52B$2.39B$2.26B
Total current assets $5.31B$5.08B$5.23B$5.04B$6.55B$4.12B$3.66B$3.21B$3.06B$2.87B
Property, plant and equipment $4.07B$3.84B$3.67B$3.43B$3.21B$3.06B$3.07B$2.83B$2.67B$2.52B
Goodwill $0$141.3M$141.3M$141.3M$141.3M$653.0K————
Other intangibles $144.9M$160.3M$175.7M$191.1M$206.5M—————
Total assets $26.37B$27.40B$27.20B$26.18B$26.34B$21.54B$21.08B$18.72B$17.49B$16.28B
Accounts payable $1.12B$977.8M$933.7M$826.6M$937.7M$799.3M$737.1M$593.2M$529.7M$495.0M
Short-term debt $217.3M$16.8M$313.3M$111.9M$11.2M$9.9M$9.3M$10.2M——
Total current liabilities $2.41B$2.20B$2.31B$1.94B$2.05B$1.70B$1.53B$1.31B$1.17B$1.11B
Long-term debt $17.26B$18.14B$17.96B$17.78B$18.18B$14.62B$14.94B$13.78B——
Total liabilities $20.48B$21.16B$21.12B$20.57B$21.10B$17.18B$17.31B$15.36B$14.17B$13.17B
Retained earnings $4.04B$4.27B$4.13B$3.72B$3.52B$2.89B$2.49B$2.10B$2.05B$1.88B
Total equity $5.89B$6.24B$6.07B$5.61B$5.24B$4.36B$3.77B$3.36B$3.32B$3.11B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.78B$624.4M$458.6M$1.28B-$2.55B$667.8M-$236.6M$163.0M-$80.5M-$455.3M
Depreciation and amortisation $346.0M$294.8M$260.4M$265.2M$273.2M$242.2M$215.8M$182.2M$179.9M$168.9M
Stock-based compensation $99.0M$134.7M$119.7M$85.6M$109.2M$121.9M$108.9M$75.0M$61.9M$91.6M
Capital expenditure $541.0M$467.9M$465.3M$422.7M$308.5M$164.5M$331.9M$304.6M$296.8M$418.1M
Investing cash flow -$540.0M-$461.0M-$467.0M-$425.8M-$523.7M-$128.2M-$389.4M-$308.5M-$301.9M-$420.0M
Financing cash flow -$1.34B-$453.5M$307.8M-$710.2M$3.10B-$424.0M$687.0M$186.0M$413.4M$921.9M
Buybacks $642.8M$428.5M$94.1M$333.9M$576.5M$229.9M$567.7M$904.7M$579.6M$564.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001170010-26-000045.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 15.9B Gross profit, FY2016: 2.2B Net income, FY2016: 627M Revenue, FY2017: 17.1B Gross profit, FY2017: 2.3B Net income, FY2017: 664.1M Revenue, FY2018: 18.2B Gross profit, FY2018: 2.5B Net income, FY2018: 842.4M Revenue, FY2019: 20.3B Gross profit, FY2019: 2.7B Net income, FY2019: 888.4M Revenue, FY2020: 19B Gross profit, FY2020: 2.4B Net income, FY2020: 746.9M Revenue, FY2021: 31.9B Gross profit, FY2021: 3.3B Net income, FY2021: 1.2B Revenue, FY2022: 29.7B Gross profit, FY2022: 2.8B Net income, FY2022: 485M Revenue, FY2023: 26.5B Gross profit, FY2023: 2.7B Net income, FY2023: 479M Revenue, FY2024: 26.4B Gross profit, FY2024: 2.9B Net income, FY2024: 501M Revenue, FY2025: 25.9B Gross profit, FY2025: 2.8B Net income, FY2025: 247M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.88B $17.12B $18.17B $20.32B $18.95B $31.90B $29.68B $26.54B $26.35B $25.88B
Gross profit $2.18B $2.33B $2.48B $2.72B $2.38B $3.29B $2.80B $2.71B $2.90B $2.81B
Net income $627.0M $664.1M $842.4M $888.4M $746.9M $1.15B $485.0M $479.0M $501.0M $247.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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