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MARKETS / NYSE / KMX
NYSE · RETAIL-AUTO DEALERS & GASOLINE STATIONS · LARGE CAP

Carmax Inc. KMX

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$25.9B
▼ 1.8% YoY
$247.3M
▼ 50.6% YoY
$1.2B
▲ 694.2% YoY
In brief

What this company does

CarMax, Inc. offers a broad selection of used vehicles and related products and services at competitive, no-haggle prices. During the fiscal year ended February 28, 2026, it sold 780,684 used vehicles at retail. It also operated wholesale vehicle auctions, selling 538,203 vehicles during fiscal 2026, and provided used vehicle financing, servicing approximately 1.0 million customer accounts in a $16.37 billion portfolio of auto loans as of February 28, 2026. It operates in two reportable segments: CarMax Sales Operations and CarMax Auto Finance. Its CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF. Its CAF segment consists solely of its own finance operation, providing financing to customers buying retail vehicles from CarMax. On October 1, 2002, the CarMax business was separated from Circuit City Stores, Inc. through a tax-free transaction, becoming an independent, publicly traded company.

Written from the business description in CARMAX, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 15 April 2026. Every sentence was checked against that document before publication.

Growth
USD 25.9B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 25.9 · Net income 0.2
20B2008201120142017202020232025
Compound annual growth
−4.5%
+6.4%
+5.5%
+7.3%
−20.1%
−19.8%
−8.8%
−2.8%
−17.8%
−18.0%
−5.7%
+0.1%
+24.4%
+22.8%
−4.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +6.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 1.0%
2%4%2008201120142017202020232025
ROE

Not available in our data for this period.

Cash & shareholders
USD 642.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.2
0.5B1.0B-1.0B-2.0B2008201120142017202020232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 642.8
400M800M201020122014201620182020202220242025

USD 642.8M in buybacks — 260% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 26.4B
CashUSD 122.8M
Gross debtUSD 17.5B
Net debtUSD 17.4B
Current ratio2.20×

Not available: we don't have the shareholders' equity figure for this period.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B25.926.426.529.731.919.020.318.217.115.915.114.312.611.010.09.07.57.0
Operating income $B··················
EBITDA $B··················
Income tax $B0.10.20.20.20.30.20.30.30.40.40.40.40.30.30.30.20.20.0
Net income $B0.20.50.50.51.20.70.90.80.70.60.60.60.50.40.40.40.30.1
Free cash flow $B1.20.2−0.00.9−2.90.5−0.6−0.1−0.4−0.9−0.4−1.3−0.9−1.0−0.2−0.10.00.1
EPS, diluted $1.683.213.023.036.974.525.334.793.603.263.032.732.161.871.791.651.240.27
Dividend / sh $··················
Payout %··················
ROE %··················
Shares out B0.140.150.160.160.160.160.160.170.180.190.190.21·0.230.230.230.22·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 88 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRetail-Auto Dealers & Gasoline Stations
Listed onNYSE
Incorporated inVirginia
Fiscal year endsFebruary 28
Data on record since2008

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