What is CarMax's inventory turnover?

CarMax (KMX) reported inventory turnover of 6.1× in Q1 2026.

How has CarMax's inventory turnover changed year-over-year?

CarMax's inventory turnover decreased by 4.6% year-over-year, from 6.4× to 6.1×.

What is the long-term trend for CarMax's inventory turnover?

Over 5 years (2021 to 2026), CarMax's inventory turnover has grown at a 0.7% compound annual growth rate (CAGR), from 5.5× to 5.7×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

CarMax KMX Inventory turnover

Inventory turnover at other companies

AutoNationAN

6.8×-0.4×

LAD

Lithia MotorsLAD

5.4×0.0×

Group 1 AutomotiveGPI

7.1×-0.4×

Asbury Automotive GroupABG

7.6×-0.2×

CarvanaCVNA

8.6×-0.1×

Penske Automotive GroupPAG

5.7×-0.4×

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$7.61B-34.0%

Enterprise value$10.26B-22.9%

P/E13.8×-17.7×

P/S0.3×-0.1×

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

Calculated from CarMax’s reported figures.

total cost of revenue/inventories=6.1×

Based on trailing twelve months.

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 inventory turnover?: CarMax (KMX) reported inventory turnover of 6.1× in Q1 2026.
How has CarMax's inventory turnover changed year-over-year?: CarMax's inventory turnover decreased by 4.6% year-over-year, from 6.4× to 6.1×.
What is the long-term trend for CarMax's inventory turnover?: Over 5 years (2021 to 2026), CarMax's inventory turnover has grown at a 0.7% compound annual growth rate (CAGR), from 5.5× to 5.7×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.