What is CarMax's pre-tax income?

CarMax (KMX) reported pre-tax income of $258.56M in Q1 2026.

How has CarMax's pre-tax income changed year-over-year?

CarMax's pre-tax income decreased by 8.7% year-over-year, from $283.13M to $258.56M.

What is the long-term trend for CarMax's pre-tax income?

Over 3 years (2022 to 2025), CarMax's pre-tax income has grown at a -23.5% compound annual growth rate (CAGR), from $1.49B to $669.36M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

CarMax KMX Pre-Tax Income

Pre-Tax Income at other companies

LAD

Lithia MotorsLAD

$142M-50.1%

Group 1 AutomotiveGPI

$170.5M+1.8%

Asbury Automotive GroupABG

$250.6M+42.9%

Credit AcceptanceCACC

$175M+23.5%

Penske Automotive GroupPAG

$323.7M-7.6%

General MotorsGM

$3.35B-6.3%

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

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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

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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

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

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

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 pre-tax income?: CarMax (KMX) reported pre-tax income of $258.56M in Q1 2026.
How has CarMax's pre-tax income changed year-over-year?: CarMax's pre-tax income decreased by 8.7% year-over-year, from $283.13M to $258.56M.
What is the long-term trend for CarMax's pre-tax income?: Over 3 years (2022 to 2025), CarMax's pre-tax income has grown at a -23.5% compound annual growth rate (CAGR), from $1.49B to $669.36M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.