What is CarMax's current ratio?

CarMax (KMX) reported current ratio of 2.7× in Q1 2026.

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

CarMax's current ratio increased by 13.0% year-over-year, from 2.4× to 2.7×.

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

Over 5 years (2021 to 2026), CarMax's current ratio has grown at a -1.9% compound annual growth rate (CAGR), from 2.4× to 2.2×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

CarMax KMX Current ratio

Current ratio at other companies

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0.8×0.0×

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Lithia MotorsLAD

1×-0.2×

Group 1 AutomotiveGPI

0.9×-0.1×

Asbury Automotive GroupABG

0.9×-0.3×

CarvanaCVNA

4.1×+0.3×

Penske Automotive GroupPAG

1×+0.1×

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%—

Where this comes from

Calculated from CarMax’s reported figures.

total current assets/total current liabilities=2.7×

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 current ratio?: CarMax (KMX) reported current ratio of 2.7× in Q1 2026.
How has CarMax's current ratio changed year-over-year?: CarMax's current ratio increased by 13.0% year-over-year, from 2.4× to 2.7×.
What is the long-term trend for CarMax's current ratio?: Over 5 years (2021 to 2026), CarMax's current ratio has grown at a -1.9% compound annual growth rate (CAGR), from 2.4× to 2.2×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.