CarMax KMX Issuances of non-recourse notes payable

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FAQ

What is CarMax's issuances of non-recourse notes payable?

CarMax (KMX) reported issuances of non-recourse notes payable of $3.26B in Q1 2026.

How has CarMax's issuances of non-recourse notes payable changed year-over-year?

CarMax's issuances of non-recourse notes payable decreased by 18.2% year-over-year, from $3.99B to $3.26B.

What is the long-term trend for CarMax's issuances of non-recourse notes payable?

Over 4 years (2022 to 2026), CarMax's issuances of non-recourse notes payable has grown at a -2.3% compound annual growth rate (CAGR), from $14.33B to $13.06B.

What does issuances of non-recourse notes payable mean?

This captures cash inflows from the issuance of debt that is secured by specific assets, where the lender has no recourse to the company's general assets in the event of default. This is a common financing mechanism for asset-backed securitizations in the automotive lending industry. It highlights the company's ability to leverage specific asset classes to fund its broader business operations.