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CarMax KMX Inventories

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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:InventoryNet.

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
(In thousands except share data)As of May 31 / 2026As of February 28 / 2026
Restricted cash from collections on auto loans held for investment595,103592,033
Accounts receivable, net263,919204,453
Auto loans held for sale618,979100,491
Inventory4,062,7654,137,005
Other current assets161,340153,594
TOTAL CURRENT ASSETS5,834,3295,310,402
Auto loans held for investment, net of allowance for loan losses of $474,986 and $453,027 as of May 31, 2026 and February 28, 2026, respectively15,689,95215,952,291
Property and equipment, net of accumulated depreciation of $2,285,968 and $2,217,485 as of May 31, 2026 and February 28, 2026, respectively4,079,9934,070,293

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CarMax's inventories?
CarMax (KMX) reported inventories of $4.06B in Q1 2026.
How has CarMax's inventories changed year-over-year?
CarMax's inventories increased by 12.1% year-over-year, from $3.62B to $4.06B.
What is the long-term trend for CarMax's inventories?
Over 5 years (2021 to 2026), CarMax's inventories has grown at a 5.6% compound annual growth rate (CAGR), from $3.16B to $4.14B.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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