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CarMax

KMX

CarMax is the largest retailer of used vehicles in the United States, providing a customer-centric omni-channel experience for buying and selling cars.

Market cap
$7.14B-32.6%
Revenue$26.3B-1.6%
Net income$553.6M+10.6%
Free cash flow$1.8B+12,435%
EPS (diluted)$3.76+16.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Sep 24, 2026 (in 2 months)
Revenue estimate$6.9B
EPS estimate$0.66

Financials

Q1 2027

Income statement

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Revenue$8.0B+6.2%
Gross profit$854.4M-4.4%
Net income$185.6M-11.8%
EPS (diluted)$1.31-5.1%

Balance sheet

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Cash & equivalents$132.2M-49.7%
Total debt$2.8B+20.0%
Total assets$26.6B-2.8%

Cash flow

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Operating cash flow$17.6M-94.1%
CapEx$103.3M-24.4%
Free cash flow-$85.7M-153%

Valuation & ratios

Valuation

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Market cap$7.14B-32.6%
Enterprise value$9.78B-22.6%
P/E12.9×
P/S0.3×-0.1×

Profitability

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Gross margin10.5%-0.7pp

Returns & leverage

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Current ratio2.7×+0.3×

Competitors

Profile

CarMax is the largest retailer of used vehicles in the United States, providing a customer-centric omni-channel experience for buying and selling cars. The company differentiates itself through a no-haggle pricing model, a national footprint of retail stores, and a fully integrated digital platform that allows for seamless online and in-person transactions. Beyond retail sales, the company operates a significant wholesale auction business and provides comprehensive vehicle financing and protection products.

Competitive position

CarMax is the leading used vehicle retailer in the U.S. with a significant market share in the 0- to 10-year-old vehicle category and a dominant position in the wholesale auction market.

GeographiesUnited States
Customer segmentsB2C used car buyers, B2C used car sellers, B2B licensed dealers
Business modelOmni-channel retail, B2B Auction, Direct-to-consumer lending, Marketplace
SuppliersConsumer trade-ins, Auto auctions, Fleet and rental companies, Third-party vehicle reconditioning suppliers, Cloud infrastructure providers
CustomersIndividual retail car buyers, Licensed automotive dealers, Institutional loan investors
Listed1997
Employees29.8K
CEOKeith Barr
Websitecarmax.com
FilingsSEC EDGAR

Questions, answered.

What is CarMax's market cap?
CarMax (KMX) has a market capitalization of $7.1B and trades on NYSE.
What is CarMax's revenue and profitability?
CarMax generated $26.3B in trailing twelve-month revenue with net income of $553.6M, representing a net margin of 1.8%. Gross margin stands at 10.5%, with free cash flow of $1.8B. These figures are based on the Q2 2026 filing.
Who are CarMax's competitors?
CarMax's key competitors include Carvana, Lithia Motors, AutoNation, and others. These companies compete in similar markets and product categories.
Who does CarMax partner with?
CarMax's notable partners include Assurant, Inc., CNA National Warranty Corporation, Fidelity Warranty Services, Inc., and others.
What subsidiaries does CarMax have?
CarMax's subsidiaries include Edmunds Holding Company.
Where is CarMax headquartered?
CarMax is headquartered in United States of America and employs approximately 29,836 people. It has been publicly traded since 1997.