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CarMax KMX Pre-Tax Income

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Other financials

Income statement

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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

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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

Reported directly by CarMax in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments.

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
Depreciation and amortization69,2130.965,7390.9
Interest expense33,8110.427,0700.4
Other income(2,101)(309)
Earnings before income taxes258,5573.2283,1303.8
Income tax provision72,9300.972,7491.0
NET EARNINGS$$185,6272.3$$210,3812.8
WEIGHTED AVERAGE COMMON SHARES:
Basic141,847152,137

ITEM 1. FINANCIAL STATEMENTS

FAQ

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.

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