CarMax, Inc.
KMX Consumer Cyclical Auto & Truck Dealerships
CarMax, Inc.’s revenue for fiscal 2026 (year ended February 2026) was $25.9 billion, down 1.79% from fiscal 2025.
- Revenue
- +19.5%
- EPS
- +81.3%
- Free cash flow
- +23.2%
- Total debt
- −6.82%
Quarter to August 2026, against a year earlier
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CarMax, Inc. 10-Q filed Sep 30, 2026
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jun 24, 2026: 21 added · 11 removed · 46 modified; 5 with only figures updated
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Modified · CarMax Auto Finance
In addition to third-party finance providers, we provide vehicle financing through CAF, which offers financing solely to customers buying retail vehicles from CarMax. CAF allows us to manage our reliance on third-party finance providers and to leverage knowledge of our business to provide qualifying customers a competitive financing option. As a result, we believe CAF enables us to capture additional profits, cash flows and sales. CAF income primarily reflects the interest and fee income generated by the auto loans held for investment and auto loans held for sale less the interest expense associated with the debt issued to fund these loans, a provision for estimated loan losses on loans held for investment, direct expenses and income related to the sale of auto loans. CAF income does not include any allocation of indirect costs. After the effect of 3-day payoffs and vehicle returns, CAF financed
43.342.1% of our retail used vehicle unit sales in the firstthreesix months of fiscal 2027. As ofMayAugust 31, 2026, CAF serviced approximately1.11.0 million customer accounts, which includes its $16.7116.30 billion portfolio of auto loans and $700 million1.20 billion of auto loans that have previously been sold.