What is CarMax's gross loans?

CarMax (KMX) reported gross loans of $15.69B in Q1 2026.

How has CarMax's gross loans changed year-over-year?

CarMax's gross loans decreased by 6.6% year-over-year, from $16.8B to $15.69B.

What is the long-term trend for CarMax's gross loans?

Over 5 years (2021 to 2026), CarMax's gross loans has grown at a 3.4% compound annual growth rate (CAGR), from $13.49B to $15.95B.

What does gross loans mean?

Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.

CarMax KMX Gross loans

Gross loans at other companies

AutoNationAN

$2.37B+69.7%

Credit AcceptanceCACC

$7.96B-0.3%

Ally FinancialALLY

$139.89B+4.8%

Other financials

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

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Market cap$7.61B-34.0%

Enterprise value$10.26B-22.9%

P/E13.8×-17.7×

P/S0.3×-0.1×

Profitability

See full

Gross margin10.5%-0.7pp

Net margin1.8%0.0pp

FCF margin7.5%—

Returns & leverage

See full

Current ratio2.7×+0.3×

Where this comes from

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:NotesReceivableNet.

The official record: CarMax’s 10-Q, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarMax's gross loans?: CarMax (KMX) reported gross loans of $15.69B in Q1 2026.
How has CarMax's gross loans changed year-over-year?: CarMax's gross loans decreased by 6.6% year-over-year, from $16.8B to $15.69B.
What is the long-term trend for CarMax's gross loans?: Over 5 years (2021 to 2026), CarMax's gross loans has grown at a 3.4% compound annual growth rate (CAGR), from $13.49B to $15.95B.
What does gross loans mean?: Total loans outstanding before deducting the allowance for credit losses — the gross lending portfolio across all categories.