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CarMax, Inc.

NYSE•KMX
CEO: Mr. William D. Nash CPA
Sector: Consumer Cyclical
Industry: Auto - Dealerships
Listing Date: 1997-02-04
CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.
Contact Information
12800 Tuckahoe Creek Parkway, Richmond, VA, 23238, United States
804-747-0422
www.carmax.com
Market Cap
$5.72B
P/E (TTM)
24.0
29.9
Dividend Yield
--
52W High
$71.99
52W Low
$30.26
52W Range
24%
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2026 Data

Revenue

$5.95B+0.00%
4-Quarter Trend

EPS

-$0.77+0.00%
4-Quarter Trend

FCF

-$687.29M+0.00%
4-Quarter Trend

2026 Q3 Earnings Highlights

Key Highlights

Strong Operating Cash Flow Net cash provided by operations reached $2.34B for nine months 2025, a major increase from $478.1M last year due to loan sales.
Net Earnings Decline Noted Nine-month net earnings totaled $368.0M, reflecting a 10.4% decrease compared to $410.7M reported in the prior comparable period.
Total Revenue Slightly Down Total net sales and operating revenues were $19.94B for nine months 2025, showing a 2.0% contraction versus the prior year period.
CAF Income Remains Stable CAF income was $419.0M for nine months 2025, down only 0.8% compared to $422.4M, benefiting from a gain on auto loan sale.

Risk Factors

Used Unit Sales Decreased Used vehicle unit sales dropped 8.0% in the third quarter, reflecting sharply declining comparable store sales for most of the period.
Credit Quality Provision Rises Allowance for loan losses increased to 2.87% due to unfavorable performance in 2022 and 2023 originated loans.
SG&A Cost Leverage Worsens SG&A as a percentage of gross profit rose to 83.7% due to increased advertising spend supporting new brand positioning efforts.
Market Share Expected Decline Market share is expected to decrease for the full calendar year following pressured performance in the second half of the year.

Outlook

Lowering Margins for Competitiveness Company plans meaningfully lowering used vehicle margins to reduce market gap, expecting near-term earnings pressure offset by unit growth.
Aggressive SG&A Reduction Goal Targeting $150M in exit rate SG&A savings by fiscal 2027, supported by recent workforce reduction savings of $35M annualized.
CAF Penetration Expansion Target Initial goal to increase CAF penetration to 50%; each percentage point is expected to generate $10M to $12M pre-tax income.
Increased Capital Spending Planned Fiscal 2026 capital expenditures estimated at $575M, focusing on growth in offsite reconditioning and new store locations.

Peer Comparison

Revenue (TTM)

LAD stock ticker logoLAD
$37.73B
+2.5%
AN stock ticker logoAN
$27.49B
+1.9%
KMX stock ticker logoKMX
$26.86B
-4.8%

Gross Margin (Latest Quarter)

HRB stock ticker logoHRB
57.0%
+47.9pp
MAT stock ticker logoMAT
44.1%
-3.1pp
BYD stock ticker logoBYD
39.8%
-3.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ALSN$9.11B17.029.5%48.8%
LNW$8.43B25.449.7%1.4%
LEA$7.00B13.510.4%22.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-9.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Deep Research

Next earnings:Jun 19, 2026
|
EPS:$0.94
|
Revenue:$7.37B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data