What is CarMax's EV / sales?

CarMax (KMX) reported EV / sales of 0.3× in Q1 2026.

How has CarMax's EV / sales changed year-over-year?

CarMax's EV / sales decreased by 21.6% year-over-year, from 0.4× to 0.3×.

What is the long-term trend for CarMax's EV / sales?

Over 5 years (2021 to 2026), CarMax's EV / sales has grown at a -20.9% compound annual growth rate (CAGR), from 1.1× to 0.3×.

What does EV / sales mean?

Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.

CarMax KMX EV / sales

EV / sales at other companies

AutoNationAN

0.3×-0.1×

LAD

Lithia MotorsLAD

0.2×-0.1×

Group 1 AutomotiveGPI

0.3×-0.1×

Asbury Automotive GroupABG

0.4×0.0×

CarvanaCVNA

2.1×0.0×

Penske Automotive GroupPAG

0.5×0.0×

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.

enterprise value/total revenue=0.3×

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 EV / sales?: CarMax (KMX) reported EV / sales of 0.3× in Q1 2026.
How has CarMax's EV / sales changed year-over-year?: CarMax's EV / sales decreased by 21.6% year-over-year, from 0.4× to 0.3×.
What is the long-term trend for CarMax's EV / sales?: Over 5 years (2021 to 2026), CarMax's EV / sales has grown at a -20.9% compound annual growth rate (CAGR), from 1.1× to 0.3×.
What does EV / sales mean?: Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.