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.

CarMax KMX Gross Profit

Gross Profit at other companies

AutoNationAN

$1.21B-0.7%

LAD

Lithia MotorsLAD

$1.42B+0.8%

Group 1 AutomotiveGPI

$877.9M-1.6%

Asbury Automotive GroupABG

$726.9M+0.4%

CarvanaCVNA

$1.27B+36.8%

Penske Automotive GroupPAG

$1.3B-1.7%

Other financials

Income statement

See full

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

See full

Operating cash flow$17.6M-94.1%

CapEx$103.3M-24.4%

Free cash flow-$85.7M-153%

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.

$8.0Btotal revenue−$7.2Btotal cost of revenue=$854.41M

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 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.