What is CarMax's income tax?

CarMax (KMX) reported income tax of $72.93M in Q1 2026.

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

CarMax's income tax increased by 0.2% year-over-year, from $72.75M to $72.93M.

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

Over 4 years (2022 to 2026), CarMax's income tax has grown at a -20.5% compound annual growth rate (CAGR), from $341.05M to $136.14M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

CarMax KMX Income Tax

Income Tax at other companies

AutoNationAN

$70.3M+20.2%

LAD

Lithia MotorsLAD

$40M-45.4%

Group 1 AutomotiveGPI

$40.6M+2.3%

Asbury Automotive GroupABG

$62.8M+45.0%

CarvanaCVNA

$36M+1,700%

Credit AcceptanceCACC

$39.2M+10.7%

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

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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$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:IncomeTaxExpenseBenefit.

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 income tax?: CarMax (KMX) reported income tax of $72.93M in Q1 2026.
How has CarMax's income tax changed year-over-year?: CarMax's income tax increased by 0.2% year-over-year, from $72.75M to $72.93M.
What is the long-term trend for CarMax's income tax?: Over 4 years (2022 to 2026), CarMax's income tax has grown at a -20.5% compound annual growth rate (CAGR), from $341.05M to $136.14M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.