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CarMax KMX Payments On Non-Recourse Debt

Payments On Non-Recourse Debt at other companies

AutoNation logo
AutoNationAN
$858.5M+461%
Ingredion logo
IngredionINGR
$123M-20.1%
First American Financial logo
First American FinancialFAF
$14.85B+98.0%
AES logo
AESAES
$373M-50.9%
CleanSpark logo
CleanSparkCLSK
$677K-70.1%
Academy Sports and Outdoors logo
Academy Sports and OutdoorsASO
$750K0.0%

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

Reported directly by CarMax in its filing.

Tagged under the XBRL concept kmx:PaymentsOnNonRecourseDebt.

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 payments on non-recourse debt?
CarMax (KMX) reported payments on non-recourse debt of $3.01B in Q1 2026.
How has CarMax's payments on non-recourse debt changed year-over-year?
CarMax's payments on non-recourse debt decreased by 23.0% year-over-year, from $3.91B to $3.01B.
What is the long-term trend for CarMax's payments on non-recourse debt?
Over 4 years (2022 to 2026), CarMax's payments on non-recourse debt has grown at a 3.3% compound annual growth rate (CAGR), from $12.63B to $14.35B.
What does payments on non-recourse debt mean?
This represents the cash outflows used to pay down principal on non-recourse debt obligations, typically associated with the amortization of securitized loan pools. It reflects the natural runoff of the debt as the underlying collateral is collected or liquidated. Consistent payments are essential for maintaining the company's standing in the asset-backed securities market.