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CarMax KMX Gross Profit

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Other financials

Income statement

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Revenue$8.0B+6.2%
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$8.24B-2.3%
Enterprise value$10.89B+3.8%
P/E14.9×-19.2×
P/S0.3×0.0×

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.

The source filing: CarMax’s 10-Q, filed June 24, 2026.

Filed
Jun 24, 2026, 11:08 AM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001170010-26-000055
Line itemThree Months Ended May 31Three Months Ended May 31Three Months Ended May 31Three Months Ended May 31Three Months Ended May 31Three Months Ended May 31
Wholesale vehicle cost of sales1,258,14415.71,096,16714.5
Other cost of sales10,9820.17,4940.1
TOTAL COST OF SALES7,159,10589.36,652,91888.2
GROSS PROFIT854,41410.7893,62311.8
CARMAX AUTO FINANCE INCOME140,2411.8141,6501.9
Selling, general and administrative expenses635,1757.9659,6438.7
Depreciation and amortization69,2130.965,7390.9
Interest expense33,8110.427,0700.4

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CarMax's gross profit?
CarMax (KMX) reported gross profit of $854.41M in Q1 2026.
How has CarMax's gross profit changed year-over-year?
CarMax's gross profit decreased by 4.4% year-over-year, from $893.62M to $854.41M.
What is the long-term trend for CarMax's gross profit?
Over 4 years (2022 to 2026), CarMax's gross profit has grown at a -3.9% compound annual growth rate (CAGR), from $3.29B to $2.81B.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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