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

52.81 2.33 −4.23%
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) Free cash flow margin

Alert me on Free cash flow margin

CarMax, Inc.'s free cash flow margin over the twelve months to 31 August 2026 was 4.15%, down 0.6 percentage points from fiscal 2026 (4.80%). Over the past ten years it has ranged from −8.96% (fiscal 2022) to 4.80% (fiscal 2026) — the current reading is the highest in ten years. That is above the Auto & Truck Dealerships industry median of 0.86% and above the Consumer Cyclical sector median of 3.20%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2026 4.80% 4.20
FY2025 0.60% 0.62
FY2024 −0.02% (2.94)
FY2023 2.92% 11.88
FY2022 −8.96% (11.63)
FY2021 2.67% 5.47
FY2020 −2.80% (1.63)
FY2020 −1.17% (0.39)
FY2019 −0.78% 1.42
FY2018 −2.20% 3.29

Against its own ten years

Low −8.96% High 4.80%
Ten-year median −1.17%
Current reading's percentile 100

Free cash flow margin against peers

Company Free cash flow margin
OPLN OPENLANE, Inc. compare 17.8%
VVV Valvoline compare 6.89%
RUSHB Rush Enterprises, Inc. compare 4.83%
KMX CarMax, Inc. 4.15%
ABG Asbury Automotive Group, Inc. compare 2.42%
PAG Penske Automotive Group, Inc. compare 1.63%
AN AutoNation, Inc. compare 0.08%
RUSHA Rush Enterprises, Inc. compare 0.00%
LAD Lithia Motors, Inc. compare −1.05%
Auto & Truck Dealerships industry median 0.86%
Consumer Cyclical sector median 3.20%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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