CarMax
KMX NYSE· Automotive Retail
Last close · Oct 26, 2026
$52.62
KIRA · Stoqly’s AI analyst, in plain words
- CarMax had $25.9B of revenue in fiscal 2026, down 1.8% on the year before. Over five years, revenue changed +6.4% a year on average.
- CarMax made $247M of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew −7.1% a year.
- Free cash flow was $1.2B in fiscal 2026, 4.8% of revenue.
- CarMax returned $643M to shareholders in fiscal 2026, 52% of free cash flow. The diluted share count fell 5.4%.
- CarMax owes $17.3B more than it holds in cash, about 20.6 years of operating profit.
Market cap
$7.5B
P/E
24.8x
Revenue
$25.9B
Net income
$247M
Free cash flow
$1.2B
Operating margin
—
CarMax in 30 seconds · fiscal 2026
Are sales growing?
−1.8%
No. Sales fell 1.8% last year.
Does it make a profit?
1.0%
A little. It keeps 1.0% of every sale as profit.
Does profit turn into cash?
4.8%
Partly. 4.8% of sales ends up as free cash.
Is debt under control?
20.6x
Heavy. Repaying its debt would take 20.6 years of operating profit.
How healthy are the accounts?
5 / 9
Mixed. It passes 5 of 9 health tests.
How is the share priced?
24.8x
One share costs 24.8 times its yearly profit per share. Typical for its sector: 17.7x.
What CarMax does
No business description yet.
- Fiscal year ends
- February 28, 2026
- Latest annual report
- 10-K · Apr 15, 2026
- Legal name
- CARMAX, INC.
- CIK
- 0001170010
CarMax · KMX
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $31.9B | $29.7B | $26.5B | $26.4B | $25.9B |
| Revenue growth | 68.3% | −7.0% | −10.6% | −0.7% | −1.8% |
| Gross margin | 10.3% | 9.4% | 10.2% | 11.0% | 10.8% |
| Net income | $1.2B | $485M | $479M | $501M | $247M |
| Net margin | 3.6% | 1.6% | 1.8% | 1.9% | 1.0% |
| Diluted EPS | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Cash | |||||
| Cash from operations | −$2.5B | $1.3B | $459M | $624M | $1.8B |
| Capital expenditure | $309M | $423M | $465M | $468M | $541M |
| Free cash flow | −$2.9B | $861M | −$6.7M | $157M | $1.2B |
| FCF margin | −9.0% | 2.9% | −0.0% | 0.6% | 4.8% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $577M | $334M | $94.1M | $429M | $643M |
| Share count change | 0.0% | −3.3% | −0.7% | −1.7% | −5.4% |
| Debt and strength | |||||
| Cash and short-term investments | $103M | $230M | $484M | $127M | $123M |
| Debt incl. finance leases | $18.3B | $18.0B | $18.2B | $18.3B | $17.5B |
| Shareholders' equity | $5.2B | $5.6B | $6.1B | $6.2B | $5.9B |
| Net debt / EBITDA | 9.8x | 17.3x | 17.2x | 17.0x | 20.6x |
| Current ratio | 3.2x | 2.6x | 2.3x | 2.3x | 2.2x |
| Interest coverage | 16.9x | 6.3x | 6.1x | 7.2x | 4.5x |
| Returns and quality | |||||
| Return on capital | 5.8% | 2.5% | 2.4% | 2.4% | 1.3% |
| Return on equity | 24.0% | 8.9% | 8.2% | 8.1% | 4.1% |
| Piotroski F-score | 4 | 5 | 5 | 8 | 5 |
| Altman Z'' | 2.2 | 1.7 | 1.7 | 1.7 | 1.7 |
Insiders bought, 12 months
$1.0M
5 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
CarMax · KMX
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| CarMax KMX | $7.5B | −1.8% | — | 4.8% | 1.3% | 24.8x | 5 |
| AutoNation AN | $5.4B | 3.2% | 4.5% | −0.7% | 14.7% | 7.4x | 6 |
| Group 1 Automotive GPI | $2.9B | 13.2% | 3.3% | 1.9% | 8.6% | 10.1x | 5 |
| Penske Automotive Group PAG | $13.9B | −0.2% | 4.0% | 2.1% | 12.8% | 15.4x | 6 |
| Carvana CVNA | $41.9B | 48.6% | 9.3% | 4.4% | 24.6% | — | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $52.62 a share, the company is worth $7.5B: 24.8 times its earnings of the last four quarters.
CarMax grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001170010). Data updated October 12, 2026. For information only — not investment advice. Check the original filings before relying on any figure.