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CarMax KMX Net 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:NetIncomeLoss.

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
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
Diluted142,148152,607
NET EARNINGS PER SHARE:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CarMax's net income?
CarMax (KMX) reported net income of $185.63M in Q1 2026.
How has CarMax's net income changed year-over-year?
CarMax's net income decreased by 11.8% year-over-year, from $210.38M to $185.63M.
What is the long-term trend for CarMax's net income?
Over 3 years (2022 to 2025), CarMax's net income has grown at a -24.2% compound annual growth rate (CAGR), from $1.15B to $500.56M.
What does net income mean?
Net income as the starting point for the indirect method operating cash flow reconciliation.

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