CarMax/$KMX
1D1W1MYTD1Y5YMAX
Capital at risk
About CarMax
CarMax sells, finances, and services used and new cars through a chain of over 255 retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 80% of fiscal 2026 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2026, the company retailed and wholesaled 780,684 and 538,203 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US, but still estimates that it had only about 3.6% US market share of vehicles zero to 10 years old in calendar 2025. CarMax is based in Richmond, Virginia.
- Ticker
- $KMX
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 27,796
- Headquarters
- Richmond, United States
- Website
- www.carmax.com
CarMax Metrics
BasicAdvanced
$7.8B
26.83
$2.05
1.17
-
Price and volume
Market cap
$7.8B
Beta
1.17
52-week high
$65.28
52-week low
$30.26
Average daily volume
2.7M
Financial strength
Current ratio
2.329
Quick ratio
0.18
Long term debt to equity
2.761
Total debt to equity
2.866
Interest coverage (TTM)
6.28%
Profitability
EBITDA (TTM)
1,127.09
Gross margin (TTM)
11.69%
Net profit margin (TTM)
0.99%
Operating margin (TTM)
2.57%
Effective tax rate (TTM)
35.70%
Revenue per employee (TTM)
$1,060,000
Management effectiveness
Return on assets (TTM)
1.78%
Return on equity (TTM)
4.68%
Valuation
Price to earnings (TTM)
26.826
Price to revenue (TTM)
0.266
Price to book
1.24
Price to tangible book (TTM)
1.24
Price to free cash flow (TTM)
6.845
Free cash flow yield (TTM)
14.61%
Free cash flow per share (TTM)
8.023
Growth
Revenue change (TTM)
4.16%
Earnings per share change (TTM)
-39.77%
3-year revenue growth (CAGR)
1.06%
10-year revenue growth (CAGR)
6.23%
3-year earnings per share growth (CAGR)
-10.43%
10-year earnings per share growth (CAGR)
-3.99%
What the Analysts think about CarMax
Analyst ratings (Buy, Hold, Sell) for CarMax stock.
Analyst projections of the future price of CarMax stock.
Bulls say / Bears say
Fiscal Q2 2027 retail used-unit sales rose 13.8%, with comparable-store sales up 13.0%, as more competitive pricing helped revive demand. The improvement lifted revenue 19.5% and diluted EPS 81% year on year. (CarMax)
CarMax’s cost programme is beginning to improve operating leverage: SG&A per total unit fell 8.8% year on year in Q2, and management remains on track for $200 million of annualised exit-rate savings by fiscal 2027 year-end. Further savings could help fund competitive prices without relying solely on lower vehicle margins. (CarMax)
Profit from add-on products and servicing is growing alongside vehicle sales: other gross profit rose 33.1% in Q2, with higher extended protection plan margins and service efficiencies contributing. That gives CarMax another source of earnings growth beyond selling more cars. (CarMax)
The sales recovery is coming at the cost of per-car profitability: retail gross profit per used vehicle fell $111 to $2,105 and wholesale gross profit per unit fell $135 to $858. Total gross profit grew more slowly than revenue, so sustained price competition could limit earnings recovery. (CarMax)
High borrowing costs and a shortage of cheaper vehicles are still restricting affordability, particularly for entry-level buyers. Reuters reported that vehicles priced below $15,000 had just 29 days of supply, 15 days below the industry average, making it harder for CarMax to serve that price-sensitive segment. (Reuters)
CarMax’s expansion into lower-credit Tier 2 lending raises the risk that bad loans will erode finance earnings: its allowance for loan losses rose to 3.07% of loans held for investment from 2.95% three months earlier. Q2’s 32.1% increase in finance income was also helped by a lower loss provision, which may not repeat if credit performance worsens. (CarMax)
Data summarised monthly by Lightyear AI. Last updated on 30 Sept 2026.
CarMax Financial Performance
Revenues and expenses
CarMax Earnings Performance
Company profitability
Upcoming events
No upcoming events
CarMax News
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Funds containing CarMax
AllUSDGBPEUR
Fund name | Fund size | $KMX weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.46% |
iShares S&P Small Cap 600£ISP6 | £2.4B | 0.46% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.16% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | £2.4B | 0.16% |
iShares MSCI World Small Cap$WSML | $9B | 0.07% |
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