Saturday 17 October 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. In the quarter to August 2026, revenue grew 19.5%, EPS grew 82.0%, free cash flow grew 23.2% and total debt fell 6.82%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

53.33 0.71 +1.35%

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Market cap: $7.5B
P/E: 26.0×
Fwd P/E: 20.1×
Dividend yield: —
F-score: 5/9
Altman Z: 1.58
Beneish M: −2.73
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.27

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	5	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.03%

Capital & Financial Ratios $m

Market Cap 7,470.00

Revenue 27,631.34

Net Income 292.45

Free Cash Flow 1,146.43

Net Debt 16,028.14

Current Ratio 2.33

Debt/Equity 2.67

P/E ratio 25.96

Fwd P/E 20.10

P/S ratio 0.27

P/B ratio 1.20

Past 5Y EPS Growth (17.96%)

This Y EPS Growth 9.57%

Next Y EPS Growth (11.99%)

Next Y revenue growth 12.05%

Next 5Y EPS Growth 13.22%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 81.31%

10-year low 10-year high

P/S against its own 10 years 7.00%

10-year low 10-year high

P/B against its own 10 years 7.11%

10-year low 10-year high

EV/Sales against its own 10 years 4.05%

10-year low 10-year high

EV/FCF against its own 10 years 11.91%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	1,081	806	715	775
Receivables	221	189	204	225
Inventory	3,678	3,935	4,137	3,855
Other	247	148	154	147
	5,227	5,078	5,310	5,108

	2024	2025	2026	Q'26
Payables	934	978	1,118	989
ST’ Debt	313	17	217	18
Other	—	—	—	—
	2,312	2,198	2,415	2,194

Compound Annual Growth %

	10y	5y	3y
Sales	5.50%	6.43%	(4.47%)
Cash Flow	0.00%	21.72%	11.60%
Earnings	(8.83%)	(19.83%)	(20.10%)
Book Value	7.32%	6.17%	1.61%

Revenue $m

	May	Aug	Nov	Feb	Year
’26	8,014	7,878	—	—	—
’26	7,547	6,595	5,794	5,946	25,881
’25	7,113	7,014	6,223	6,003	26,353
’24	7,687	7,074	6,149	5,627	26,536
’23	9,312	8,145	6,506	5,722	29,685
’22	7,698	7,988	8,528	7,687	31,900
’21	3,229	5,372	5,185	5,164	18,950

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	May	Aug	Nov	Feb	Year
’26	18	883	—	—	—
’26	300	785	1,253	(554)	1,784
’25	(118)	619	(23)	146	624
’24	(185)	124	210	310	459
’23	531	(51)	1,182	(379)	1,283
’22	(112)	(1,273)	(697)	(467)	(2,549)
’21	1,250	(360)	(21)	(201)	668

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	May	Aug	Nov	Feb	Year
’26	(86)	806	—	—	—
’26	163	654	1,113	(687)	1,243
’25	(222)	510	(151)	19	157
’24	(321)	51	65	200	(5)
’23	436	(161)	1,071	(481)	866
’22	(171)	(1,352)	(786)	(548)	(2,858)
’21	1,187	(388)	(52)	(241)	505

Fiscal quarters ending in the months shown.

EPS $

	May	Aug	Nov	Feb	Year
’26	1.31	1.16	—	—	—
’26	1.38	0.64	0.43	(0.85)	1.68
’25	0.97	0.85	0.81	0.58	3.21
’24	1.44	0.75	0.52	0.32	3.02
’23	1.56	0.79	0.24	0.44	3.03
’22	2.63	1.72	1.63	0.98	6.97
’21	0.03	1.79	1.42	1.27	4.52

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	54.29	55.24	57.95	37.59	92.13	52.10	55.77	65.83	30.26	35.17	Analyst estimates 2027–2029 Powerpack
	High	77.64	81.67	100.49	109.31	155.98	130.57	87.50	91.25	89.47	65.28
People
People	Employees	24,344	25,110	25,946	27,050	26,889	32,647	30,621	29,836	30,048	27,796
	Revenue/emp, $m	0.65	0.68	0.70	0.75	0.70	0.98	0.97	0.89	0.88	0.93
Income, $m
Income, $m	Revenue	15,875	17,120	18,173	20,320	18,950	31,900	29,685	26,536	26,353	25,881
	Gross margin, %	13.75	13.60	13.65	13.40	12.55	10.31	9.43	10.22	11.00	10.84
	EBT	1,006	1,064	1,113	1,161	965	1,492	637	642	669	383
	EBT margin, %	6.34	6.21	6.12	5.71	5.09	4.68	2.15	2.42	2.54	1.48
	Net income	627	664	842	888	747	1,151	485	479	501	247
	Depreciation	169	180	182	216	242	273	265	260	295	487
Per share, $
Per share, $	Revenue	83.40	93.73	104.17	123.27	116.13	196.42	186.93	167.72	169.66	175.75
	Earnings	3.29	3.64	4.83	5.39	4.58	7.09	3.05	3.03	3.22	1.68
	Cash flow	(2.39)	(0.44)	0.93	(1.44)	4.09	(15.70)	8.08	2.90	4.02	12.11
	Capex	(2.19)	(1.62)	(1.74)	(2.01)	(1.00)	(1.90)	(2.63)	(2.93)	(3.01)	(3.67)
	Free cash flow	(4.58)	(2.07)	(0.81)	(3.45)	3.10	(17.60)	5.45	(0.03)	1.01	8.44
	Book value	16.33	18.16	19.24	22.86	26.75	32.24	35.35	38.39	40.19	39.99
	Shares, m	190	183	174	165	163	162	159	158	155	147
Valuation, ×
Valuation, ×	P/E	19.56	17.06	12.88	16.68	26.50	15.44	22.71	26.07	25.85	26.13
	P/S	0.77	0.66	0.60	0.73	1.05	0.56	0.37	0.47	0.49	0.24
	P/B	3.95	3.41	3.23	3.92	4.54	3.39	1.95	2.06	2.06	1.05
	EV/Sales	1.49	1.38	1.33	1.44	1.78	1.11	0.95	1.12	1.15	0.89
	EV/FCF	(27.17)	(62.63)	(171.19)	(51.37)	66.94	(12.35)	32.41	(5,561.19)	192.79	18.44
Cash, $m
Cash, $m	Operating cash flow	(455)	(81)	163	(237)	668	(2,549)	1,283	459	624	1,784
	Capex	(417)	(297)	(304)	(332)	(163)	(308)	(418)	(464)	(468)	(541)
	Free cash flow	(872)	(377)	(141)	(568)	505	(2,858)	866	(5)	157	1,243
Balance, $m
Balance, $m	Working capital	1,768	1,887	1,903	2,129	2,418	4,502	3,103	2,914	2,880	2,896
	Total debt	12,169	13,119	13,787	14,953	14,630	18,186	17,887	18,273	18,154	17,478
	Net debt	11,751	12,675	13,299	14,414	14,001	17,535	17,101	17,192	17,348	16,763
	Shareholders’ equity	3,109	3,317	3,357	3,769	4,365	5,235	5,613	6,074	6,243	5,889
Returns, %
Returns, %	ROA	4.08	3.93	4.65	4.46	3.50	4.81	1.85	1.80	1.83	0.92
	ROIC	4.47	4.43	4.46	4.26	3.55	4.26	2.06	2.03	2.09	1.38
	ROE	20.85	20.67	25.25	24.94	18.37	23.99	8.94	8.20	8.13	4.08

Negative figures in brackets.

All 10 years →

Fiscal years to Feb 2026 · latest quarter Aug 2026 · fundamentals updated 6 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PAG Penske Automotive Group, Inc.	$13.9B	15.6×	12.7×	+5.98% (above 0%: growing)	+4.76% (above 0%: growing)	−11.32% (below 0%: shrinking)	15.94%	3.97%	Compare
KMX CarMax, Inc.	$7.5B	26.0×	20.1×	+19.46% (above 0%: growing)	+81.97% (above 0%: growing)	+23.18% (above 0%: growing)	10.15%	3.00%
LAD Lithia Motors, Inc.	$6.5B	9.8×	8.8×	+2.17% (above 0%: growing)	+16.92% (above 0%: growing)	−108.58% (below 0%: shrinking)	15.29%	4.58%	Compare
RUSHA Rush Enterprises, Inc.	$5.6B	20.0×	18.1×	−1.61% (below 0%: shrinking)	0.00%	−56.15% (below 0%: shrinking)	19.04%	5.12%	Compare
AN AutoNation, Inc.	$5.3B	7.5×	8.7×	−0.64% (below 0%: shrinking)	+138.50% (above 0%: growing)	+45.21% (above 0%: growing)	17.77%	4.60%	Compare
OPLN OPENLANE, Inc.	$4.5B	— (loss-making)	29.2×	+15.13% (above 0%: growing)	+106.25% (above 0%: growing)	−60.76% (below 0%: shrinking)	44.75%	16.80%	Compare
VVV Valvoline	$4.0B	39.3×	33.8×	+24.05% (above 0%: growing)	+15.91% (above 0%: growing)	+110.31% (above 0%: growing)	39.46%	20.60%	Compare
RUSHB Rush Enterprises, Inc.	$3.9B	25.3×	18.1×	−1.61% (below 0%: shrinking)	0.00%	−56.15% (below 0%: shrinking)	19.04%	5.12%	Compare
ABG Asbury Automotive Group, Inc.	$3.1B	6.3×	6.7×	+0.26% (above 0%: growing)	−19.43% (below 0%: shrinking)	−83.11% (below 0%: shrinking)	17.18%	5.01%	Compare
Median of peers	$4.9B	15.6×	15.4×	+1.22%	+10.34%	−56.15%	18.41%	5.07%

All 26 Auto & Truck Dealerships stocks →

CarMax, Inc. (KMX) key facts

Concern: CarMax, Inc.’s revenue for fiscal 2026 (year ended February 2026) was $25.9 billion, down 1.79% from fiscal 2025.
CarMax, Inc. (KMX) is an Auto & Truck Dealerships company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, KMX traded at $53.33, a market capitalization of $7.5 billion.
Return on equity was 4.08% and debt-to-equity 2.67.
Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 1.58 (distress zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 6, 2026.