CarMax, Inc. (KMX)KMXCarMax, Inc.

Financials

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended May 2026	Quarter ended Feb 2026	Quarter ended Nov 2025	Quarter ended Aug 2025	Quarter ended May 2025	Quarter ended Feb 2025	Quarter ended Nov 2024	Quarter ended Aug 2024
Revenue	26.35B	8.01B	5.95B	5.79B	6.59B	7.55B	6.00B	6.22B	7.01B
Cost of Goods Sold	23.65B	7.23B	5.34B	5.20B	5.88B	6.65B	5.34B	5.55B	6.25B
Gross Profit	2.70B	785.20M	605.26M	590.05M	717.67M	893.62M	667.89M	677.65M	760.47M
Gross Profit Margin	10.2%	9.8%	10.2%	10.2%	10.9%	11.8%	11.1%	10.9%	10.8%
Total Operating Expenses	3.19B	771.63M	854.98M	723.74M	835.49M	851.34M	767.44M	712.91M	810.40M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	2.53B	635.17M	691.70M	581.40M	621.60M	679.60M	629.80M	575.80M	629.60M
Operating Income (EBIT)	-487.67M	13.57M	-249.73M	-133.69M	-117.82M	42.28M	-99.55M	-35.26M	-49.93M
Operating Margin	-1.9%	0.2%	-4.2%	-2.3%	-1.8%	0.6%	-1.7%	-0.6%	-0.7%
Income Before Tax (EBT)	358.86M	258.56M	-110.68M	83.89M	127.10M	283.13M	118.40M	166.47M	177.84M
Interest Income	1.84B	460.90M	441.00M	448.00M	489.80M	485.40M	467.70M	469.20M	464.50M
Interest Expense	873.03M	218.01M	212.95M	214.42M	227.65M	224.57M	218.14M	218.62M	220.72M
Other Income/Expense	846.53M	244.99M	139.05M	217.58M	244.92M	240.85M	217.96M	201.73M	227.78M
Net Income	222.54M	185.63M	-120.68M	62.22M	95.38M	210.38M	89.87M	125.44M	132.81M
Income Tax Expense	136.32M	72.93M	10.00M	21.67M	31.72M	72.75M	28.54M	41.03M	45.03M
Net Profit Margin	0.8%	2.3%	-2.0%	1.1%	1.4%	2.8%	1.5%	2.0%	1.9%
EBITDA	-128.60M	106.46M	-155.96M	-45.21M	-33.89M	122.07M	-22.08M	40.11M	22.79M
EBITDA Margin	-0.5%	1.3%	-2.6%	-0.8%	-0.5%	1.6%	-0.4%	0.6%	0.3%
Depreciation & Amortization	359.07M	92.89M	93.76M	88.48M	83.93M	79.78M	77.47M	75.37M	72.72M
EPS Basic	1.61	1.31	-0.77	0.43	0.64	1.38	0.58	0.81	0.85
EPS Diluted	1.61	1.31	-0.77	0.43	0.64	1.38	0.58	0.81	0.85
Shares Outstanding	141.85M	141.85M	147.26M	149.00M	150.71M	152.14M	153.67M	155.26M	155.87M
Diluted Shares Outstanding	142.15M	142.15M	147.61M	149.38M	151.12M	152.61M	155.66M	155.26M	156.53M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	02/28/2026	02/28/2025	02/29/2024	02/28/2023	02/28/2022	02/28/2021	02/29/2020	02/28/2019
Revenue	25.88B	26.35B	26.54B	29.68B	31.90B	18.95B	20.32B	18.17B
Cost of Goods Sold	23.07B	23.46B	23.82B	26.88B	28.61B	16.57B	17.60B	15.69B
Gross Profit	2.81B	2.90B	2.71B	2.80B	3.29B	2.38B	2.72B	2.48B
Gross Profit Margin	10.8%	11.0%	10.2%	9.4%	10.3%	12.6%	13.4%	13.6%
Total Operating Expenses	3.22B	3.12B	2.92B	3.11B	2.74B	2.11B	2.17B	1.92B
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	2.53B	2.51B	2.35B	2.55B	2.38B	1.75B	1.79B	1.77B
Operating Income (EBIT)	-409.76M	-220.52M	-205.72M	-310.95M	551.59M	272.87M	553.54M	558.19M
Operating Margin	-1.6%	-0.8%	-0.8%	-1.0%	1.7%	1.4%	2.7%	3.1%
Income Before Tax (EBT)	383.43M	669.36M	641.60M	636.80M	1.49B	965.26M	1.16B	1.11B
Interest Income	1.86B	1.85B	1.68B	1.44B	1.30B	N/A	N/A	N/A
Interest Expense	879.59M	871.14M	763.45M	430.70M	322.89M	86.18M	83.01M	75.79M
Other Income/Expense	793.19M	889.88M	847.31M	947.75M	940.76M	692.39M	607.45M	554.62M
Net Income	247.29M	500.56M	479.20M	484.76M	1.15B	746.92M	888.43M	842.41M
Income Tax Expense	136.14M	168.80M	162.39M	152.04M	341.05M	218.34M	272.55M	270.39M
Net Profit Margin	1.0%	1.9%	1.8%	1.6%	3.6%	3.9%	4.4%	4.6%
EBITDA	-63.80M	74.28M	54.70M	-45.72M	824.77M	515.02M	769.35M	740.44M
EBITDA Margin	-0.2%	0.3%	0.2%	-0.2%	2.6%	2.7%	3.8%	4.1%
Depreciation & Amortization	345.96M	294.80M	260.41M	265.22M	273.19M	242.16M	215.81M	182.25M
EPS Basic	1.68	3.22	3.03	3.05	7.09	4.58	5.39	4.83
EPS Diluted	1.68	3.21	3.02	3.03	6.97	4.52	5.33	4.79
Shares Outstanding	147.26M	155.33M	158.22M	158.80M	162.41M	163.18M	164.84M	174.46M
Diluted Shares Outstanding	147.61M	156.06M	158.71M	159.77M	165.18M	165.13M	166.82M	175.88M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About CarMax, Inc.

CarMax, Inc., together with its associated entities, functions as a prominent purveyor of previously owned automobiles across the United States. Its business operations are strategically structured into two principal divisions: CarMax Sales Operations and CarMax Auto Finance. Through its retail offerings, the company provides an extensive selection of pre-owned vehicles, including various domestic, imported, and luxury models, in addition to hybrid and electric options. Customers also have the opportunity to purchase extended protection plans at the time of their vehicle acquisition. Separately, CarMax sells older, higher-mileage vehicles—typically around ten years old with over 100,000 miles—via wholesale auctions. Furthermore, CarMax delivers reconditioning and repair services for its vehicles. For its retail clients, the company facilitates a range of financing alternatives designed to accommodate diverse credit profiles, managed both by its internal CarMax Auto Finance segment and through arrangements with various external financial institutions. As of February 28, 2022, CarMax operated a network comprising approximately 230 retail locations specializing in used cars. Founded in 1993, CarMax, Inc. maintains its corporate headquarters in Richmond, Virginia.

Richmond, VA

27,796 employees

www.carmax.com

Consumer Cyclical / Auto - Dealerships

Sector: Consumer Cyclical
Industry: Auto - Dealerships
CEO: Keith Barr

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