What is CarMax's cash ratio?

CarMax (KMX) reported cash ratio of 0.1× in Q1 2026.

How has CarMax's cash ratio changed year-over-year?

CarMax's cash ratio decreased by 46.9% year-over-year, from 0.1× to 0.1×.

What is the long-term trend for CarMax's cash ratio?

Over 5 years (2021 to 2026), CarMax's cash ratio has grown at a -8.2% compound annual growth rate (CAGR), from 0.1× to 0.1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

CarMax KMX Cash ratio

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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

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Gross margin10.5%-0.7pp

Net margin1.8%0.0pp

FCF margin7.5%—

Returns & leverage

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Current ratio2.7×+0.3×

Where this comes from

Calculated from CarMax’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

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 cash ratio?: CarMax (KMX) reported cash ratio of 0.1× in Q1 2026.
How has CarMax's cash ratio changed year-over-year?: CarMax's cash ratio decreased by 46.9% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for CarMax's cash ratio?: Over 5 years (2021 to 2026), CarMax's cash ratio has grown at a -8.2% compound annual growth rate (CAGR), from 0.1× to 0.1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.