What is CarMax's free cash flow?

CarMax (KMX) reported free cash flow of -$85.75M in Q1 2026.

How has CarMax's free cash flow changed year-over-year?

CarMax's free cash flow decreased by 152.7% year-over-year, from $162.81M to -$85.75M.

What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

CarMax KMX Free cash flow

Free cash flow at other companies

AutoNationAN

-$34.2M+73.2%

LAD

Lithia MotorsLAD

-$205.5M-181%

Group 1 AutomotiveGPI

$8.4M-92.1%

CarvanaCVNA

$56M-72.7%

Credit AcceptanceCACC

$345.5M-0.1%

General MotorsGM

$1.44B-66.1%

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%

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.

$17.6Mnet cash from operating−$103.3Mcapital expenditures=-$85.75M

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 free cash flow?: CarMax (KMX) reported free cash flow of -$85.75M in Q1 2026.
How has CarMax's free cash flow changed year-over-year?: CarMax's free cash flow decreased by 152.7% year-over-year, from $162.81M to -$85.75M.
What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.