CarMax Inc (KMX) reported $27.63B of revenue for the twelve months ended Aug 31, 2026. That is up 4.8% from the year before. Revenue for fiscal 2026 was $25.88B.

Yes. CarMax Inc earned $292.44M in net income for the twelve months ended Aug 31, 2026, a net margin of 1.1%.

How much cash and debt does KMX have?

CarMax Inc reported $170.53M in cash and cash equivalents and $17.40B of debt on its most recent balance sheet in SEC filings.

How fast is KMX revenue growing?

CarMax Inc's revenue changed -1.8% in fiscal 2026, to $25.88B. Its compound annual growth rate was +6.4% over 5 years and +5.5% over 10 years.

What is KMX gross margin?

CarMax Inc's gross profit was $2.85B on $27.63B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 10.3%.

What is KMX free cash flow?

CarMax Inc generated $1.15B of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $1.60B less capital expenditures.

What is KMX earnings per share?

Diluted earnings per share were $2.13 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.

When did KMX last report financial results?

The latest statements here come from CarMax Inc's 10-Q filed on Sep 30, 2026, covering the period ended Aug 31, 2026.

Where does this KMX financial data come from?

Quantisnow builds these statements from the structured XBRL data CarMax Inc files with the SEC. It is provided for information only and is not investment advice.

Financials · KMX

CarMax Inc (KMX) financials

For the twelve months ended Aug 31, 2026, CarMax Inc reported $27.63B of revenue and $292.44M of net income.

Revenue, TTM: $27.63B
Revenue growth, YoY: +4.8%
Net income, TTM: $292.44M
Net income growth, YoY: -43.9%
Net margin: 1.1%
Free cash flow, TTM: $1.15B
EPS, diluted, TTM: $2.13
EPS growth, YoY: -37.5%
Cash: $170.53M
Total debt: $17.40B
P/E: 24.99
P/S: 0.26
Market cap: $7.31B

Annual revenue$25.88B

FY2017FY2026

Annual net income$247.29M

FY2017FY2026

Annual free cash flow$1.24B

FY2017FY2026

KMX revenue and earnings growth

KMX revenueQ2 2027$7.88B

Quarter YoY: +19.5%
QoQ: -1.7%
FY YoY: -1.8%
5Y CAGR: +6.4%
10Y CAGR: +5.5%

KMX revenue was $7.88B in fiscal Q2 2027 (ended Aug 31, 2026), up 19.5% from a year earlier and down 1.7% from the prior quarter. For the full fiscal 2026 it was $25.88B, down 1.8% from fiscal 2025. Compound annual growth was +6.4% over 5 years and +5.5% over 10 years. It rose in 5 of the last 10 fiscal years.

KMX net incomeQ2 2027$165.29M

Quarter YoY: +73.3%
QoQ: -11.0%
FY YoY: -50.6%
5Y CAGR: -19.8%
10Y CAGR: -8.8%

KMX net income was $165.29M in fiscal Q2 2027 (ended Aug 31, 2026), up 73.3% from a year earlier and down 11.0% from the prior quarter. For the full fiscal 2026 it was $247.29M, down 50.6% from fiscal 2025. Compound annual growth was -19.8% over 5 years and -8.8% over 10 years. It rose in 6 of the last 10 fiscal years.

KMX EPSQ2 2027$1.16

Quarter YoY: +81.2%
QoQ: -11.5%
FY YoY: -47.7%
5Y CAGR: -18.0%
10Y CAGR: -5.7%

KMX diluted EPS was $1.16 in fiscal Q2 2027 (ended Aug 31, 2026), up 81.2% from a year earlier and down 11.5% from the prior quarter. For the full fiscal 2026 it was $1.68, down 47.7% from fiscal 2025. Compound annual growth was -18.0% over 5 years and -5.7% over 10 years.

KMX free cash flowQ2 2027$805.83M

Quarter YoY: +23.2%
FY YoY: +694.2%
5Y CAGR: +19.8%

KMX free cash flow was $805.83M in fiscal Q2 2027 (ended Aug 31, 2026), up 23.2% from a year earlier. For the full fiscal 2026 it was $1.24B, up 694.2% from fiscal 2025. Compound annual growth was +19.8% over 5 years. Fiscal 2026 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2026 Feb 28, 2026	FY2025 Feb 28, 2025	FY2024 Feb 29, 2024	FY2023 Feb 28, 2023	FY2022 Feb 28, 2022	FY2021 Feb 28, 2021	FY2020 Feb 29, 2020	FY2019 Feb 28, 2019	FY2018 Feb 28, 2018	FY2017 Feb 28, 2017
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
Selling, general and admin	$2.45B	$2.44B	$2.29B	$2.49B	$2.33B	$1.70B	$1.75B	$1.73B	$1.62B	$1.49B
Interest expense	$110.39M	$107.94M	$124.75M	$120.40M	$94.09M	$86.18M	$83.01M	$75.79M	$70.75M	$56.42M
Pre-tax income	$383.43M	$669.36M	$641.60M	$636.80M	$1.49B	$965.26M	$1.16B	$1.11B	$1.06B	$1.01B
Income tax	$136.14M	$168.80M	$162.39M	$152.04M	$341.05M	$218.34M	$272.55M	$270.39M	$399.50M	$379.44M
Net income	$247.29M	$500.56M	$479.20M	$484.76M	$1.15B	$746.92M	$888.43M	$842.41M	$664.11M	$626.97M
EPS, basic	$1.68	$3.22	$3.03	$3.05	$7.09	$4.58	$5.39	$4.83	$3.64	$3.29
EPS, diluted	$1.68	$3.21	$3.02	$3.03	$6.97	$4.52	$5.33	$4.79	$3.60	$3.26
Diluted shares	147.6M	156.1M	158.7M	159.8M	165.2M	165.1M	166.8M	175.9M	184.5M	192.2M

Balance sheet

Balance sheet
Line item	FY2026 Feb 28, 2026	FY2025 Feb 28, 2025	FY2024 Feb 29, 2024	FY2023 Feb 28, 2023	FY2022 Feb 28, 2022	FY2021 Feb 28, 2021	FY2020 Feb 29, 2020	FY2019 Feb 28, 2019	FY2018 Feb 28, 2018	FY2017 Feb 28, 2017
Cash and equivalents	$122.83M	$960.31M	$574.14M	$951.00M	$803.62M	$771.95M	$656.39M	$595.38M	$554.90M	$523.87M
Receivables	$204.45M	$188.73M	$221.15M	$298.78M	$560.98M	$239.07M	$191.09M	$139.85M	$133.32M	$152.39M
Inventory	$4.14B	$3.93B	$3.68B	$3.73B	$5.12B	$3.16B	$2.85B	$2.52B	$2.39B	$2.26B
Current assets	$5.31B	$5.08B	$5.23B	$5.04B	$6.55B	$4.12B	$3.66B	$3.21B	$3.06B	$2.87B
Goodwill	$0	$141.26M	$141.26M	$141.26M	$141.26M	$653.0K	-	-	-	-
Total assets	$26.37B	$27.40B	$27.20B	$26.18B	$26.34B	$21.54B	$21.08B	$18.72B	$17.49B	$16.28B
Current liabilities	$2.41B	$2.20B	$2.31B	$1.94B	$2.05B	$1.70B	$1.53B	$1.31B	$1.17B	$1.11B
Short-term debt	$761.97M	$16.82M	$313.28M	$111.86M	$11.20M	$9.93M	$9.25M	$10.18M	-	-
Long-term debt	-	-	-	-	-	-	-	$14.20B	$13.14B	$12.19B
Total debt	$18.05B	$18.71B	$18.78B	$18.38B	$18.73B	$15.10B	$15.40B	$14.21B	$13.14B	$12.19B
Total liabilities	$20.48B	$21.16B	$21.12B	$20.57B	$21.10B	$17.18B	$17.31B	$15.36B	$14.17B	$13.17B
Shareholders' equity	$5.89B	$6.24B	$6.07B	$5.61B	$5.24B	$4.36B	$3.77B	$3.36B	$3.32B	$3.11B

Cash flow

Cash flow
Line item	FY2026 Feb 28, 2026	FY2025 Feb 28, 2025	FY2024 Feb 29, 2024	FY2023 Feb 28, 2023	FY2022 Feb 28, 2022	FY2021 Feb 28, 2021	FY2020 Feb 29, 2020	FY2019 Feb 28, 2019	FY2018 Feb 28, 2018	FY2017 Feb 28, 2017
Operating cash flow	$1.78B	$624.44M	$458.62M	$1.28B	-$2.55B	$667.76M	-$236.61M	$162.97M	-$80.55M	-$455.31M
Capital expenditures	$540.99M	$467.94M	$465.31M	$422.71M	$308.53M	$164.54M	$331.90M	$304.64M	$296.82M	$418.14M
Free cash flow	$1.24B	$156.50M	-$6.69M	$860.62M	-$2.86B	$503.22M	-$568.50M	-$141.66M	-$377.37M	-$873.46M
Investing cash flow	-$540.04M	-$461.00M	-$467.00M	-$425.77M	-$523.75M	-$128.18M	-$389.36M	-$308.51M	-$301.86M	-$419.96M
Financing cash flow	-$1.34B	-$453.54M	$307.79M	-$710.18M	$3.10B	-$424.02M	$686.98M	$186.02M	$413.45M	$921.91M
Share repurchases	$642.79M	$428.45M	$94.09M	$333.93M	$576.48M	$229.94M	$567.75M	$904.73M	$579.57M	$564.34M
Stock-based compensation	$99.02M	$134.71M	$119.72M	$85.59M	$109.20M	$121.90M	$108.86M	$75.01M	$61.88M	$91.59M
Depreciation and amortization	$345.96M	$294.80M	$260.41M	$265.22M	$273.19M	$242.16M	$215.81M	$182.25M	$179.94M	$168.88M

Key ratios

Key ratios
Line item	FY2026 Feb 28, 2026	FY2025 Feb 28, 2025	FY2024 Feb 29, 2024	FY2023 Feb 28, 2023	FY2022 Feb 28, 2022	FY2021 Feb 28, 2021	FY2020 Feb 29, 2020	FY2019 Feb 28, 2019	FY2018 Feb 28, 2018	FY2017 Feb 28, 2017
Revenue growth, YoY	-1.8%	-0.7%	-10.6%	-6.9%	68.3%	-6.7%	11.8%	6.1%	7.8%	4.8%
Net income growth, YoY	-50.6%	4.5%	-1.1%	-57.9%	54.1%	-15.9%	5.5%	26.8%	5.9%	0.6%
EPS growth, YoY	-47.7%	6.3%	-0.3%	-56.5%	54.2%	-15.2%	11.3%	33.1%	10.4%	7.6%
Gross margin	10.8%	11.0%	10.2%	9.4%	10.3%	12.6%	13.4%	13.6%	13.6%	13.8%
Net margin	1.0%	1.9%	1.8%	1.6%	3.6%	3.9%	4.4%	4.6%	3.9%	3.9%
Free cash flow margin	4.8%	0.6%	-0.0%	2.9%	-9.0%	2.7%	-2.8%	-0.8%	-2.2%	-5.5%
Return on equity	4.2%	8.0%	7.9%	8.6%	22.0%	17.1%	23.6%	25.1%	20.0%	20.2%
Return on assets	0.9%	1.8%	1.8%	1.9%	4.4%	3.5%	4.2%	4.5%	3.8%	3.9%
Current ratio	2.20	2.31	2.26	2.60	3.20	2.42	2.39	2.45	2.61	2.60
Debt to equity	3.07	3.00	3.09	3.27	3.58	3.46	4.09	4.23	3.96	3.92

Income statement

Income statement
Line item	Q2 2027 Aug 31, 2026	Q1 2027 May 31, 2026	Q4 2026* Feb 28, 2026	Q3 2026 Nov 30, 2025	Q2 2026 Aug 31, 2025	Q1 2026 May 31, 2025	Q4 2025* Feb 28, 2025	Q3 2025 Nov 30, 2024	Q2 2025 Aug 31, 2024	Q1 2025 May 31, 2024	Q4 2024* Feb 29, 2024	Q3 2024 Nov 30, 2023
Revenue	$7.88B	$8.01B	$5.95B	$5.79B	$6.59B	$7.55B	$6.00B	$6.22B	$7.01B	$7.11B	$5.63B	$6.15B
Cost of revenue	$7.08B	$7.16B	$5.34B	$5.20B	$5.88B	$6.65B	$5.34B	$5.55B	$6.25B	$6.32B	$5.04B	$5.54B
Gross profit	$799.46M	$854.41M	$605.26M	$590.05M	$717.67M	$893.62M	$667.89M	$677.65M	$760.47M	$791.89M	$586.19M	$612.86M
Selling, general and admin	$628.58M	$635.17M	$611.31M	$581.37M	$601.09M	$659.64M	$610.50M	$575.76M	$610.56M	$638.58M	$580.88M	$559.96M
Interest expense	$31.83M	$33.81M	$28.75M	$26.12M	$28.45M	$27.07M	$24.14M	$25.42M	$27.02M	$31.36M	$31.43M	$31.27M
Pre-tax income	$223.07M	$258.56M	-$110.68M	$83.89M	$127.10M	$283.13M	$118.40M	$166.47M	$177.84M	$206.64M	$65.51M	$110.56M
Income tax	$57.78M	$72.93M	$10.00M	$21.67M	$31.72M	$72.75M	$28.54M	$41.03M	$45.03M	$54.20M	$15.24M	$28.55M
Net income	$165.29M	$185.63M	-$120.68M	$62.22M	$95.38M	$210.38M	$89.87M	$125.44M	$132.81M	$152.44M	$50.27M	$82.00M
EPS, basic	$1.16	$1.31	-$0.77	$0.43	$0.64	$1.38	$0.59	$0.81	$0.85	$0.97	$0.32	$0.52
EPS, diluted	$1.16	$1.31	-$0.77	$0.43	$0.64	$1.38	$0.58	$0.81	$0.85	$0.97	$0.31	$0.52
Diluted shares	142.4M	142.1M	-	145.9M	149.6M	152.6M	-	155.3M	156.5M	157.7M	-	158.8M

Balance sheet

Balance sheet
Line item	Q2 2027 Aug 31, 2026	Q1 2027 May 31, 2026	Q4 2026* Feb 28, 2026	Q3 2026 Nov 30, 2025	Q2 2026 Aug 31, 2025	Q1 2026 May 31, 2025	Q4 2025* Feb 28, 2025	Q3 2025 Nov 30, 2024	Q2 2025 Aug 31, 2024	Q1 2025 May 31, 2024	Q4 2024* Feb 29, 2024	Q3 2024 Nov 30, 2023
Cash and equivalents	$170.53M	$132.22M	$122.83M	$204.94M	$540.37M	$262.82M	$960.31M	$271.91M	$524.67M	$218.93M	$574.14M	$605.38M
Receivables	$224.63M	$263.92M	$204.45M	$151.10M	$173.56M	$200.31M	$188.73M	$213.59M	$228.11M	$212.37M	$221.15M	$212.41M
Inventory	$3.85B	$4.06B	$4.14B	$3.13B	$3.15B	$3.62B	$3.93B	$3.67B	$3.40B	$3.77B	$3.68B	$3.64B
Current assets	$5.11B	$5.83B	$5.31B	$4.20B	$5.54B	$5.45B	$5.08B	$4.82B	$4.86B	$4.97B	$5.23B	$5.11B
Goodwill	-	-	$0	$141.26M	$141.26M	$141.26M	$141.26M	$141.26M	$141.26M	$141.26M	$141.26M	$141.26M
Total assets	$26.07B	$26.63B	$26.37B	$25.56B	$27.08B	$27.39B	$27.40B	$27.30B	$27.30B	$27.24B	$27.20B	$27.17B
Current liabilities	$2.19B	$2.16B	$2.41B	$2.11B	$2.25B	$2.28B	$2.20B	$2.10B	$2.16B	$1.99B	$2.31B	$2.08B
Short-term debt	$589.38M	$571.32M	$761.97M	$739.47M	$797.87M	$750.11M	$16.82M	$524.71M	$571.82M	$535.94M	$313.28M	$759.29M
Total debt	$17.40B	$18.16B	$18.05B	$17.35B	$18.64B	$18.79B	$18.71B	$18.70B	$18.71B	$18.78B	$18.78B	$18.95B
Total liabilities	$19.76B	$20.51B	$20.48B	$19.50B	$20.88B	$21.10B	$21.16B	$21.09B	$21.12B	$21.08B	$21.12B	$21.13B
Shareholders' equity	$6.30B	$6.12B	$5.89B	$6.06B	$6.20B	$6.29B	$6.24B	$6.21B	$6.18B	$6.17B	$6.07B	$6.04B

Cash flow

Cash flow
Line item	Q2 2027 Aug 31, 2026	Q1 2027 May 31, 2026	Q4 2026* Feb 28, 2026	Q3 2026 Nov 30, 2025	Q2 2026 Aug 31, 2025	Q1 2026 May 31, 2025	Q4 2025* Feb 28, 2025	Q3 2025 Nov 30, 2024	Q2 2025 Aug 31, 2024	Q1 2025 May 31, 2024	Q4 2024* Feb 29, 2024	Q3 2024 Nov 30, 2023
Operating cash flow	$882.93M	$17.59M	-$554.27M	$1.25B	$785.49M	$299.54M	$146.38M	-$23.35M	$619.10M	-$117.69M	$309.64M	$210.10M
Capital expenditures	$77.11M	$103.33M	$133.03M	$139.76M	$131.47M	$136.74M	$127.62M	$127.20M	$109.21M	$103.91M	$109.86M	$145.28M
Free cash flow	$805.83M	-$85.75M	-$687.29M	$1.11B	$654.03M	$162.81M	$18.76M	-$150.55M	$509.89M	-$221.60M	$199.77M	$64.82M
Investing cash flow	-$70.63M	-$99.63M	-$128.77M	-$138.81M	-$131.28M	-$141.19M	-$113.08M	-$132.46M	-$109.59M	-$105.87M	-$109.78M	-$145.47M
Financing cash flow	-$767.85M	$90.52M	$633.08M	-$1.51B	-$338.28M	-$129.43M	-$48.83M	-$121.64M	-$170.68M	-$112.38M	-$209.53M	-$29.65M
Share repurchases	$313.0K	$2.31M	$54.35M	$203.57M	$180.85M	$204.03M	$98.87M	$116.28M	$106.45M	$106.85M	$49.80M	$40.14M
Stock-based compensation	$32.36M	$41.95M	$11.66M	$16.11M	$24.27M	$46.98M	$27.59M	$24.42M	$34.60M	$48.10M	$29.24M	$21.03M
Depreciation and amortization	$70.11M	$92.89M	$93.76M	$68.94M	$67.28M	$79.78M	$77.47M	$64.51M	$63.90M	$69.24M	$66.89M	$60.62M

Key ratios

Key ratios
Line item	Q2 2027 Aug 31, 2026	Q1 2027 May 31, 2026	Q4 2026* Feb 28, 2026	Q3 2026 Nov 30, 2025	Q2 2026 Aug 31, 2025	Q1 2026 May 31, 2025	Q4 2025* Feb 28, 2025	Q3 2025 Nov 30, 2024	Q2 2025 Aug 31, 2024	Q1 2025 May 31, 2024	Q4 2024* Feb 29, 2024	Q3 2024 Nov 30, 2023
Revenue growth, YoY	19.5%	6.2%	-1.0%	-6.9%	-6.0%	6.1%	6.7%	1.2%	-0.9%	-7.5%	-1.7%	-5.5%
Net income growth, YoY	73.3%	-11.8%	-	-50.4%	-28.2%	38.0%	78.8%	53.0%	11.9%	-33.2%	-27.2%	118.2%
EPS growth, YoY	81.2%	-5.1%	-	-46.9%	-24.7%	42.3%	87.1%	55.8%	13.3%	-32.6%	-29.5%	116.7%
Gross margin	10.1%	10.7%	10.2%	10.2%	10.9%	11.8%	11.1%	10.9%	10.8%	11.1%	10.4%	10.0%
Net margin	2.1%	2.3%	-2.0%	1.1%	1.4%	2.8%	1.5%	2.0%	1.9%	2.1%	0.9%	1.3%
Free cash flow margin	10.2%	-1.1%	-11.6%	19.2%	9.9%	2.2%	0.3%	-2.4%	7.3%	-3.1%	3.6%	1.1%
Current ratio	2.33	2.70	2.20	1.99	2.46	2.39	2.31	2.30	2.25	2.50	2.26	2.45
Debt to equity	2.76	2.97	3.07	2.86	3.01	2.99	3.00	3.01	3.03	3.05	3.09	3.13

Source: XBRL data CarMax Inc files with the SEC, latest filing dated Sep 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

KMX peers

Company	Revenue	Growth	Net income	Net margin	Market cap
KMX	$27.63B	+4.8%	$292.44M	1.1%	$7.31B
CVNACarvana Co.	$27.45B	+50.3%	$2.06B	7.5%	$81.17B
CPRTCopart Inc. (DE)	$4.67B	+0.4%	$1.48B	31.8%	$29.59B
CASYCasey's General Stores Inc.	$18.67B	+13.8%	$772.81M	4.1%	$25.42B
PAGPenske Automotive Group Inc.	$32.56B	+1.4%	$901.80M	2.8%	$13.94B
MUSAMurphy USA Inc.	$23.26B	+20.2%	$663.30M	2.9%	$9.45B
RUSHBRush Enterprises Inc.	$7.47B	-2.6%	$277.07M	3.7%	$6.84B
LADLithia Motors Inc.	$38.21B	+1.6%	$788.40M	2.1%	$6.68B
ANAutoNation Inc.	$27.42B	-1.8%	$721.90M	2.6%	$5.88B

KMX FAQ

9 questions

What is KMX revenue?
CarMax Inc (KMX) reported $27.63B of revenue for the twelve months ended Aug 31, 2026. That is up 4.8% from the year before. Revenue for fiscal 2026 was $25.88B.
Is KMX profitable?
Yes. CarMax Inc earned $292.44M in net income for the twelve months ended Aug 31, 2026, a net margin of 1.1%.
How much cash and debt does KMX have?
CarMax Inc reported $170.53M in cash and cash equivalents and $17.40B of debt on its most recent balance sheet in SEC filings.
How fast is KMX revenue growing?
CarMax Inc's revenue changed -1.8% in fiscal 2026, to $25.88B. Its compound annual growth rate was +6.4% over 5 years and +5.5% over 10 years.
What is KMX gross margin?
CarMax Inc's gross profit was $2.85B on $27.63B of revenue for the twelve months ended Aug 31, 2026, a gross margin of 10.3%.
What is KMX free cash flow?
CarMax Inc generated $1.15B of free cash flow for the twelve months ended Aug 31, 2026, which is operating cash flow of $1.60B less capital expenditures.
What is KMX earnings per share?
Diluted earnings per share were $2.13 for the twelve months ended Aug 31, 2026, from SEC filings, restated for any stock split those filings show.
When did KMX last report financial results?
The latest statements here come from CarMax Inc's 10-Q filed on Sep 30, 2026, covering the period ended Aug 31, 2026.
Where does this KMX financial data come from?
Quantisnow builds these statements from the structured XBRL data CarMax Inc files with the SEC. It is provided for information only and is not investment advice.