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CarMax

Logo: CarMax, Public domain, via Wikimedia Commons5

US-based used car retailer

CarMax, Inc. (branded as CARmax) is a used vehicle retailer based in the United States.3 From Wikipedia, CC BY-SA 4.0

$51.91 up 2.09 (4.20%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$25.9BRevenue, fiscal 20266
$247.3MNet income, fiscal 20266
1993Founded1

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  • TickerKMX on NYSE1
  • IndustryRetail-Auto Dealers & Gasoline Stations1
  • HeadquartersGoochland County1
  • Websitewww.carmax.com
  • Incorporated inVA7
  • Business address12800 Tuckahoe Creek Parkway, Richmond, Va 232387
  • Filer categoryLarge accelerated filer7

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2008-11-11 CarMax in Raleigh
Photo: Ildar Sagdejev ( Specious ), CC BY-SA 4.0, via Wikimedia Commons8

CarMax, Inc. (branded as CARmax) 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.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

10.8%Gross margin6
1.0%Net margin6
-1.8%Revenue growth, 20266
4.2%Return on equity6
2.93×Debt to equity6
$1.2BFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Used Vehicles brought in 78% of the revenue CarMax broke down this way in fiscal 2026.

  1. Used Vehicles$20.7B678%down 2% from 2025
  2. Wholesale Vehicles$4.5B617%down 2% from 2025
  3. Other$674.2M63%up 4931% from 2025
  4. Extendedprotectionplan$448.7M62%down 1% from 2025
  5. Advertising subscription revenues$144.5M61%up 4% from 2025
  6. Service$76.6M60%down 8% from 2025
Products and services by year
Products and services202420252026
Used Vehicles$20.9B$21.1B$20.7B
Wholesale Vehicles$5.0B$4.6B$4.5B
Other$21.1M$13.4M$674.2M
Extendedprotectionplan$401.8M$451.7M$448.7M
Advertising subscription revenues$135.8M$139.3M$144.5M
Service$85.1M$83.4M$76.6M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue89¢$23.1B
  • Selling, general and admin9¢$2.5B
  • Interest0¢$110.4M
  • Income tax1¢$136.1M
  • Profit1¢$247.3M

Out of $25.9B in revenue.6

Where each dollar of operating cash went, fiscal 2026

  • Capital spending30¢$541.0M
  • Share buybacks36¢$642.8M
  • Kept or used elsewhere34¢$600.1M

Out of $1.8B of cash from operations.6

Financial statements

Revenue9101112136$25.9B in 2026+42% since 2019
0$10.0B$20.0B$30.0B$40.0B2019: $18.2B$18.2B20192020: $20.3B$20.3B2020+12%2021: $19.0B$19.0B2021−7%2022: $31.9B$31.9B2022+68%2023: $29.7B$29.7B2023−7%2024: $26.5B$26.5B2024−11%2025: $26.4B$26.4B2025−1%2026: $25.9B$25.9B2026−2%
Gross profit9101112136$2.8B in 2026+13% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $2.5B$2.5B20192020: $2.7B$2.7B2020+10%2021: $2.4B$2.4B2021−13%2022: $3.3B$3.3B2022+38%2023: $2.8B$2.8B2023−15%2024: $2.7B$2.7B2024−3%2025: $2.9B$2.9B2025+7%2026: $2.8B$2.8B2026−3%
Net income9101112136$247.3M in 2026−71% since 2019
0$500.0M$1.0B$1.5B2019: $842.4M$842.4M20192020: $888.4M$888.4M2020+5%2021: $746.9M$746.9M2021−16%2022: $1.2B$1.2B2022+54%2023: $484.8M$484.8M2023−58%2024: $479.2M$479.2M2024−1%2025: $500.6M$500.6M2025+4%2026: $247.3M$247.3M2026−51%

Every line of the income statement in the latest annual report, as filed.6

Period ending2026-02-282025-02-282024-02-29
NET SALES AND OPERATING REVENUES$25.9B$26.4B$26.5B
TOTAL COST OF SALES$23.1B$23.5B$23.8B
GROSS PROFIT$2.8B$2.9B$2.7B
CARMAX AUTO FINANCE INCOME$562.7M$581.7M$568.3M
Selling, General and Administrative Expense$2.5B$2.4B$2.3B
Depreciation, Depletion and Amortization, Nonproduction$273.8M$255.3M$239.0M
Interest expense$110.4M$107.9M$124.8M
Goodwill, Impairment Loss$141.3M$0$0
Nonoperating Income (Expense)$7.1M$11.6M-$10.3M
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest$383.4M$669.4M$641.6M
Income tax provision$136.1M$168.8M$162.4M
Net earnings$247.3M$500.6M$479.2M
Basic (in shares)147.3M shares155.3M shares158.2M shares
Diluted (in shares)147.6M shares156.1M shares158.7M shares
Basic (in dollars per share)$1.68$3.22$3.03
Diluted (in dollars per share)$1.68$3.21$3.02

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Timeline

  1. 1993Founded Founded1

Recent filings

  1. Oct 8, 20263
  2. Sep 30, 202610-Q
  3. Sep 29, 20268-K
  4. Aug 12, 2026SCHEDULE 13G/A
  5. Jul 31, 20268-K
  6. Jun 29, 20264
  7. Jun 29, 20264
  8. Jun 29, 20264
  9. Jun 29, 20264
  10. Jun 29, 20264
  11. Jun 29, 20264
  12. Jun 29, 20264
  13. Jun 29, 20264
  14. Jun 29, 20264
  15. Jun 29, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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