What is CarMax's debt-to-assets?

CarMax (KMX) reported debt-to-assets of 0.1× in Q1 2026.

How has CarMax's debt-to-assets changed year-over-year?

CarMax's debt-to-assets increased by 23.4% year-over-year, from 0.1× to 0.1×.

What is the long-term trend for CarMax's debt-to-assets?

Over 5 years (2021 to 2026), CarMax's debt-to-assets has grown at a 4.7% compound annual growth rate (CAGR), from 0.1× to 0.1×.

What does debt-to-assets mean?

Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.

CarMax KMX Debt-to-assets

Debt-to-assets at other companies

AutoNationAN

0.1×-0.3×

LAD

Lithia MotorsLAD

0×0.0×

Group 1 AutomotiveGPI

0.4×0.0×

Asbury Automotive GroupABG

0.4×0.0×

CarvanaCVNA

0.4×-0.3×

Penske Automotive GroupPAG

0.3×0.0×

Other financials

Income statement

See full

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

See full

Cash & equivalents$132.2M-49.7%

Total debt$2.8B+20.0%

Total assets$26.6B-2.8%

Cash flow

See full

Operating cash flow$17.6M-94.1%

CapEx$103.3M-24.4%

Free cash flow-$85.7M-153%

Valuation

See full

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

Calculated from CarMax’s reported figures.

total debt/total assets=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 →

Ask your AI about CarMax's debt-to-assets.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is CarMax's debt-to-assets?: CarMax (KMX) reported debt-to-assets of 0.1× in Q1 2026.
How has CarMax's debt-to-assets changed year-over-year?: CarMax's debt-to-assets increased by 23.4% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for CarMax's debt-to-assets?: Over 5 years (2021 to 2026), CarMax's debt-to-assets has grown at a 4.7% compound annual growth rate (CAGR), from 0.1× to 0.1×.
What does debt-to-assets mean?: Total debt divided by total assets at the quarter end. Measures the share of the asset base financed by debt.