What is CarMax's long-term debt?

CarMax (KMX) reported long-term debt of $2.06B in Q1 2026.

How has CarMax's long-term debt changed year-over-year?

CarMax's long-term debt increased by 50.9% year-over-year, from $1.37B to $2.06B.

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

Over 5 years (2021 to 2026), CarMax's long-term debt has grown at a 8.7% compound annual growth rate (CAGR), from $1.32B to $2.01B.

What does long-term debt mean?

Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.

CarMax KMX Long-Term Debt

Long-Term Debt at other companies

Group 1 AutomotiveGPI

$3.15B+11.9%

Asbury Automotive GroupABG

$3.55B+12.7%

CarvanaCVNA

$4.85B-8.0%

Penske Automotive GroupPAG

$2.21B+123%

Advance Auto PartsAAP

$3.41B+129%

Ally FinancialALLY

$14.91B+23.9%

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

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:OtherLongTermDebtNoncurrent.

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 long-term debt?: CarMax (KMX) reported long-term debt of $2.06B in Q1 2026.
How has CarMax's long-term debt changed year-over-year?: CarMax's long-term debt increased by 50.9% year-over-year, from $1.37B to $2.06B.
What is the long-term trend for CarMax's long-term debt?: Over 5 years (2021 to 2026), CarMax's long-term debt has grown at a 8.7% compound annual growth rate (CAGR), from $1.32B to $2.01B.
What does long-term debt mean?: Bonds, term loans, notes payable, and other borrowings with maturities beyond one year — the primary long-term financing source.