What is CarMax's deferred taxes?

CarMax (KMX) reported deferred taxes of -$991K in Q1 2026.

How has CarMax's deferred taxes changed year-over-year?

CarMax's deferred taxes decreased by 135.6% year-over-year, from $2.78M to -$991K.

What is the long-term trend for CarMax's deferred taxes?

Over 2 years (2023 to 2026), CarMax's deferred taxes has grown at a 242.0% compound annual growth rate (CAGR), from -$6.55M to $76.62M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

CarMax KMX Deferred Taxes

Deferred Taxes at other companies

AutoNationAN

$22.2M+666%

LAD

Lithia MotorsLAD

$16.2M-52.1%

Group 1 AutomotiveGPI

-$13.7M-256%

Credit AcceptanceCACC

$2.8M+75.0%

Penske Automotive GroupPAG

-$700K+97.0%

General MotorsGM

$222M+55.2%

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

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: CarMax (KMX) reported deferred taxes of -$991K in Q1 2026.
How has CarMax's deferred taxes changed year-over-year?: CarMax's deferred taxes decreased by 135.6% year-over-year, from $2.78M to -$991K.
What is the long-term trend for CarMax's deferred taxes?: Over 2 years (2023 to 2026), CarMax's deferred taxes has grown at a 242.0% compound annual growth rate (CAGR), from -$6.55M to $76.62M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.