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Friday 6 November 2026 Export KMX’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
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CarMax, Inc. (KMX) Gross margin

Alert me on Gross margin

CarMax, Inc.'s gross margin over the twelve months to 31 August 2026 was 10.3%, down 0.5 percentage points from fiscal 2026 (10.8%). Over the past ten years it has ranged from 9.43% (fiscal 2023) to 13.8% (fiscal 2017); the current reading is higher than 31% of that period. That is below the Auto & Truck Dealerships industry median of 18.4% and below the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 10.8% (0.16)
FY2025 11.0% 0.78
FY2024 10.2% 0.79
FY2023 9.43% (0.88)
FY2022 10.3% (2.24)
FY2021 12.6% (0.85)
FY2020 13.4% 0.00
FY2020 13.4% (0.25)
FY2019 13.7% 0.05
FY2018 13.6% (0.15)

Quarterly newest first

Period Gross margin Change (points)
Aug 2026 10.2% (0.51)
May 2026 10.7% 0.48
Feb 2026 10.2% 0.00
Nov 2025 10.2% (0.70)
43 more quarters

Against its own ten years

Low 9.43% High 13.8%
Ten-year median 13.2%
Current reading's percentile 23

Gross margin against peers

Company Gross margin
OPLN OPENLANE, Inc. compare 45.6%
VVV Valvoline compare 38.3%
RUSHB Rush Enterprises, Inc. compare 19.7%
RUSHA Rush Enterprises, Inc. compare 19.3%
AN AutoNation, Inc. compare 17.7%
ABG Asbury Automotive Group, Inc. compare 17.1%
PAG Penske Automotive Group, Inc. compare 16.0%
LAD Lithia Motors, Inc. compare 15.1%
KMX CarMax, Inc. 10.3%
Auto & Truck Dealerships industry median 18.4%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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