stockrowCarMax, 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. (KMX) Operating margin
CarMax, Inc.'s operating margin over the twelve months to 31 August 2026 was 2.05%, up 0.1 percentage points from fiscal 2026 (1.94%). Over the past ten years it has ranged from 1.94% (fiscal 2026) to 6.99% (fiscal 2016) — the current reading is the lowest in ten years. That is below the Auto & Truck Dealerships industry median of 3.69% and below the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 1.94% | (1.05) |
| FY2025 | 2.99% | 0.14 |
| FY2024 | 2.85% | 0.33 |
| FY2023 | 2.52% | (2.34) |
| FY2022 | 4.86% | (0.64) |
| FY2021 | 5.50% | (0.59) |
| FY2020 | 6.09% | 0.21 |
| FY2020 | 5.88% | (0.66) |
| FY2019 | 6.54% | (0.08) |
| FY2018 | 6.62% | (0.08) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Aug 2026 | 3.00% | (0.62) |
| May 2026 | 3.62% | 4.89 |
| Feb 2026 | −1.27% | (3.25) |
| Nov 2025 | 1.98% | (0.32) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| OPLN OPENLANE, Inc. compare | 16.9% |
| VVV Valvoline compare | 15.3% |
| RUSHB Rush Enterprises, Inc. compare | 5.13% |
| RUSHA Rush Enterprises, Inc. compare | 5.07% |
| AN AutoNation, Inc. compare | 4.60% |
| ABG Asbury Automotive Group, Inc. compare | 4.24% |
| LAD Lithia Motors, Inc. compare | 4.05% |
| PAG Penske Automotive Group, Inc. compare | 3.70% |
| KMX CarMax, Inc. | 2.05% |
| Auto & Truck Dealerships industry median | 3.69% |
| Consumer Cyclical sector median | 3.88% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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