CarMax, Inc. logo
KMXCarMax, Inc.

Is the gross margin high or low?

The gross margin of 9.80% is in line with its 5-year average of 10.33%, near the low end of its 5-year range (8.86%–12.01%).

As of Sunday, June 28, 2026. 7.36% below its 12-month average of 10.58%.

Operating Margin|Profit Margin|P/S Ratio|All Metrics
Gross Margin

KMX Gross Margin

9.80%

Reported quarterly gross margin; no daily interpolation.

-4.02% 5Y
KMX Gross Margin

KMX Average Gross Margin Chart

KMX Gross Margin

KMX Current vs Average Gross Margin Chart

KMX Gross Margin Metrics

GROSS MARGIN

9.80%

GROSS MARGIN AVG TTM

10.58%

GROSS MARGIN AVG 3Y

10.60%

GROSS MARGIN AVG 5Y

10.33%

GROSS MARGIN AVG 10Y

11.81%

GROSS MARGIN AVG 15Y

12.31%

GROSS MARGIN AVG 20Y

12.79%

CURRENT VS TTM AVG

-7.36%

CURRENT VS 3Y AVG

-7.52%

CURRENT VS 5Y AVG

-5.18%

CURRENT VS 10Y AVG

-17.00%

CURRENT VS 15Y AVG

-20.42%

CURRENT VS 20Y AVG

-23.38%

KMX Competitors' Gross Margin

NAMEMARKET CAPGROSS MARGINTTM3Y5Y
CarMax, Inc. (KMX)$7.49B9.80%10.58%10.60%10.33%
Etsy, Inc. (ETSY)vs ›$7.41B72.01%72.03%71.22%71.64%
Mohawk Industries, Inc. (MHK)vs ›$7.30B24.34%24.34%24.52%25.45%
Chewy, Inc. (CHWY)vs ›$7.68B29.72%29.52%29.13%28.40%
The Gap, Inc. (GAP)vs ›$7.28B40.50%41.03%38.80%38.18%
LKQ Corporation (LKQ)vs ›$6.89B37.68%38.56%39.54%39.72%
Macy's, Inc. (M)vs ›$6.83B36.54%38.41%39.08%39.61%
Crocs, Inc. (CROX)vs ›$6.35B58.10%57.86%55.75%56.42%
The Gap, Inc. (GPS)vs ›$9.21B40.50%41.03%40.29%39.00%
CAVA Group, Inc. (CAVA)vs ›$9.71B18.60%21.73%21.40%20.40%

Gross Margin Analysis

Gross Margin

9.8%

(Revenue - COGS) / Revenue

Gross Margin Formula & Definition

Gross Margin = Gross Profit / Revenue

Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Gross Margin FAQ

What is the gross margin for CarMax, Inc. (KMX)?
The gross margin for KMX stock is 9.80%.
Is CarMax, Inc.'s gross margin high or low?
The gross margin of 9.80% is in line with its 5-year average of 10.33%, near the low end of its 5-year range (8.86%–12.01%).
What is the TTM average gross margin for CarMax, Inc. (KMX)?
The TTM average gross margin for KMX stock is 10.58%.
What is the 3Y average gross margin for CarMax, Inc. (KMX)?
The 3Y average gross margin for KMX stock is 10.60%.
What is the 5Y average gross margin for CarMax, Inc. (KMX)?
The 5Y average gross margin for KMX stock is 10.33%.
What is the 10Y average gross margin for CarMax, Inc. (KMX)?
The 10Y average gross margin for KMX stock is 11.81%.
What is the 15Y average gross margin for CarMax, Inc. (KMX)?
The 15Y average gross margin for KMX stock is 12.31%.
What is the 20Y average gross margin for CarMax, Inc. (KMX)?
The 20Y average gross margin for KMX stock is 12.79%.

KMX Gross Margin History

DATEGROSS MARGIN
2026-05-319.80%
2026-02-2810.18%
2025-11-3010.18%
2025-08-3110.88%
2025-05-3111.84%
2025-02-2811.13%
2024-11-3010.89%
2024-08-3110.84%
2024-05-3111.13%
2024-02-2910.42%
2023-11-309.97%
2023-08-319.85%
2023-05-3110.63%
2023-02-2810.68%
2022-11-308.86%
2022-08-319.05%
2022-05-319.40%
2022-02-289.25%
2021-11-309.81%
2021-08-3110.21%
2021-05-3112.01%
2021-02-2812.42%
2020-11-3012.18%
2020-08-3114.00%
2020-05-3110.97%
2020-02-2913.56%
2019-11-3012.81%
2019-08-3113.33%
2019-05-3113.83%
2019-02-2813.88%
2018-11-3013.25%
2018-08-3113.65%
2018-05-3113.80%
2018-02-2813.14%
2017-11-3013.13%
2017-08-3113.77%
2017-05-3114.29%
2017-02-2813.88%
2016-11-3013.59%
2016-08-3113.64%
2016-05-3113.88%
2016-02-2913.20%
2015-11-3013.10%
2015-08-3113.42%
2015-05-3113.54%
2015-02-2813.54%
2014-11-3013.12%
2014-08-3112.87%
2014-05-3113.38%
2014-02-2812.49%
2013-11-3012.98%
2013-08-3113.40%
2013-05-3113.53%
2013-02-2813.06%
2012-11-3013.27%
2012-08-3113.34%
2012-05-3113.77%
2012-02-2913.66%
2011-11-3013.41%
2011-08-3113.69%
2011-05-3114.30%
2011-02-2814.23%
2010-12-2714.06%
2010-09-1014.91%
2010-05-3114.75%
2010-02-2814.47%
2009-11-3014.07%
2009-08-3115.15%
2009-05-3115.06%
2009-04-0915.66%
2008-11-3013.69%
2008-08-3113.92%
2008-05-3112.80%
2008-02-2912.58%
2007-11-3012.88%
2007-08-3113.58%
2007-05-3113.24%
2007-02-2812.79%
2006-11-3012.93%
2006-08-3113.13%
2006-05-3113.17%
2006-02-2812.76%
2005-11-3012.44%
2005-08-3112.77%
2005-05-3112.53%
2005-02-2812.49%
2004-11-3011.96%
2004-10-0812.33%
2004-05-3112.62%
2004-02-2911.98%
2003-11-3011.78%
2003-09-1513.19%
2003-05-3112.60%
2003-02-2811.66%
2002-11-3011.42%
2002-08-3111.92%

Related Metrics

Operating MarginProfit MarginP/S RatioAll Metrics

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
30,048 employees
www.carmax.com
Consumer Cyclical / Auto - Dealerships
Sector
Consumer Cyclical
Industry
Auto - Dealerships
CEO
Keith Barr
View full financials