Carmax Inc (KMX) Financial Statements
Industry: Auto Dealers & Gasoline Stations (Retail)
In fiscal 2026, Carmax reported revenue of $25.88B, down 1.8% from $26.35B the year before. Net income was $247.3M (a 1.0% net margin), or $1.68 per diluted share. Gross margin was 10.8% and operating margin was 0.3%. Operating activities generated $1.78B of cash, leaving $1.24B of free cash flow. At fiscal year end, Carmax held $26.37B in total assets against $20.48B in total liabilities, including $122.8M of cash and equivalents.
Open the full interactive Carmax financials → Quarterly statements, key ratios, valuation history and price charts.
Carmax Key Stats
| Share Price | $50.81 |
|---|---|
| Market Cap | $7.24B |
| P/E Ratio | 30.2 |
| Revenue YoY Growth | -1.8% |
| 52-Week Range | $30.88 – $64.22 |
| Shares Outstanding | 141.9 million (basic, 2027 Q2) |
Carmax Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Revenue | $18.95B | $31.90B | $29.68B | $26.54B | $26.35B | $25.88B |
| Gross Profit | $2.38B | $3.29B | $2.80B | $2.71B | $2.90B | $2.81B |
| Operating Income | $480.4M | $750.4M | $84.4M | $187.8M | $207.2M | $79.4M |
| Pre-Tax Income | $965.3M | $1.49B | $636.8M | $641.6M | $669.4M | $383.4M |
| Income Tax | $218.3M | $341.0M | $152.0M | $162.4M | $168.8M | $136.1M |
| Net Income | $746.9M | $1.15B | $484.8M | $479.2M | $500.6M | $247.3M |
| Diluted EPS | $4.52 | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
Carmax Quarterly Results
| 2026 Q3 | 2026 Q4 | 2027 Q1 | 2027 Q2 | |
|---|---|---|---|---|
| Revenue | $5.79B | $5.95B | $8.01B | $7.88B |
| Net Income | $62.2M | -$120.7M | $185.6M | $165.3M |
| Diluted EPS | $0.43 | -$0.82 | $1.31 | $1.16 |
Carmax Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $132.3M | $102.7M | $314.8M | $574.1M | $247.0M | $122.8M |
| Current Assets | $4.12B | $6.55B | $5.04B | $5.23B | $5.08B | $5.31B |
| Total Assets | $21.54B | $26.34B | $26.18B | $27.20B | $27.40B | $26.37B |
| Current Liabilities | $1.70B | $2.05B | $1.94B | $2.31B | $2.20B | $2.41B |
| Total Long-Term Debt | $14.62B | $18.18B | $17.78B | $17.96B | $18.14B | $17.26B |
| Total Liabilities | $17.18B | $21.10B | $20.57B | $21.12B | $21.16B | $20.48B |
| Shareholders' Equity | $4.36B | $5.24B | $5.61B | $6.07B | $6.24B | $5.89B |
Carmax Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $667.8M | -$2.55B | $1.28B | $458.6M | $624.4M | $1.78B |
| Cash From Investing | -$128.2M | -$523.7M | -$425.8M | -$467.0M | -$461.0M | -$540.0M |
| Cash From Financing | -$424.0M | $3.10B | -$710.2M | $307.8M | -$453.5M | -$1.34B |
| Free Cash Flow | $503.2M | -$2.86B | $860.6M | -$6.7M | $156.5M | $1.24B |
Figures from Carmax's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Carmax financials page for every line item.
Carmax Company Profile
| Ticker | KMX |
|---|---|
| Exchange | NYSE |
| Industry | Auto Dealers & Gasoline Stations (Retail) |
| Headquarters | Richmond, Virginia |
| Incorporated in | Virginia |
| Fiscal Year End | February 28 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001170010 |
Frequently Asked Questions
What was Carmax's revenue in fiscal 2026?
Carmax (KMX) reported revenue of $25.88B for fiscal 2026.
What is Carmax's annual revenue history?
Carmax's annual revenue by fiscal year: 2021: $18.95B; 2022: $31.90B; 2023: $29.68B; 2024: $26.54B; 2025: $26.35B; 2026: $25.88B.
What was Carmax's net income in fiscal 2026?
Carmax reported net income of $247.3M for fiscal 2026.
What was Carmax's earnings per share (EPS) in fiscal 2026?
Carmax's diluted EPS was $1.68 for fiscal 2026 (adjusted for any later stock splits).
How much free cash flow did Carmax generate in fiscal 2026?
Carmax generated $1.24B of free cash flow in fiscal 2026.
What was Carmax's revenue last quarter?
In its most recent reported quarter (2027 Q2), Carmax reported revenue of $7.88B.
How much debt does Carmax have?
Carmax reported $17.26B of long-term debt, including the current portion, at the end of fiscal 2026.
How many shares of Carmax are outstanding?
Carmax reported a weighted average of 141.9 million basic shares outstanding in 2027 Q2.
What is Carmax's market cap?
Based on its latest closing price, Carmax (KMX) has a market capitalization of about $7.24B.
When does Carmax's fiscal year end?
Carmax's fiscal year end, as registered with the SEC, is February 28.
Where is Carmax headquartered?
Carmax lists its business address in Richmond, Virginia in its SEC filings.