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

51.47 1.13 −2.15%
Market cap
$7.5B
P/E
25.8×
Fwd P/E
17.2×
Dividend yield
—
F-score
5/9
Altman Z
1.58
Beneish M
−2.73
Dividend safety
n/a

CarMax, Inc. (KMX) Debt to equity

Alert me on Debt to equity

CarMax, Inc.'s debt to equity at the end of the quarter to 31 August 2026 was 2.7×, down 0.3× from fiscal 2026 (3.0×). Over the past ten years it has ranged from 2.8× (fiscal 2015) to 4.2× (fiscal 2020); the current reading is higher than 23% of that period. That is above the Auto & Truck Dealerships industry median of 0.6× and above the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 3.0× 2.07%
FY2025 2.9× (3.34%)
FY2024 3.0× (5.59%)
FY2023 3.2× (8.26%)
FY2022 3.5× 3.63%
FY2021 3.4× (15.52%)
FY2020 4.0× (6.15%)
FY2020 4.2× 2.94%
FY2019 4.1× 3.83%
FY2018 4.0× 1.03%

Quarterly newest first

Period Debt to equity Change
Aug 2026 2.7× (7.23%)
May 2026 2.9× (3.20%)
Feb 2026 3.0× 7.12%
Nov 2025 2.8× (4.73%)
43 more quarters

Against its own ten years

Low 2.8× High 4.2×
Ten-year median 3.5×
Current reading's percentile 23

Debt to equity against peers

Company Debt to equity
RUSHA Rush Enterprises, Inc. compare 0.1×
RUSHB Rush Enterprises, Inc. compare 0.2×
OPLN OPENLANE, Inc. compare 0.3×
PAG Penske Automotive Group, Inc. compare 0.4×
ABG Asbury Automotive Group, Inc. compare 0.8×
LAD Lithia Motors, Inc. compare 1.5×
KMX CarMax, Inc. 2.7×
AN AutoNation, Inc. compare 3.0×
VVV Valvoline compare 3.8×
Auto & Truck Dealerships industry median 0.6×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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