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CarMax KMX Net margin

Net margin at other companies

AutoNation logo
AutoNationAN
2.5%0.0pp
LAD
Lithia MotorsLAD
1.9%-0.5pp
Group 1 Automotive logo
Group 1 AutomotiveGPI
1.5%-0.8pp
Sonic Automotive logo
Sonic AutomotiveSAH
0.7%-1.0pp
Asbury Automotive Group logo
Asbury Automotive GroupABG
2.8%-0.3pp
Carvana logo
CarvanaCVNA
6.3%+2.8pp

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
FCF margin7.5%

Returns & leverage

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Current ratio2.7×+0.3×

Where this comes from

Calculated from CarMax’s reported figures.

Based on trailing twelve months.

The source filing: CarMax’s 10-Q, filed December 23, 2025. Open the filing →

Filed
Dec 23, 2025, 10:02 AM EST
Fiscal quarter
Q3 FY2026
Calendar quarter
Q4 2025
Accession
0001170010-25-000131

FAQ

What is CarMax's net margin?
CarMax (KMX) reported net margin of 1.8% in Q3 2025.
How has CarMax's net margin changed year-over-year?
CarMax's net margin decreased by 0.5% year-over-year, from 1.8% to 1.8%.
What is the long-term trend for CarMax's net margin?
Over 4 years (2021 to 2025), CarMax's net margin has grown at a -16.7% compound annual growth rate (CAGR), from 3.9% to 1.9%.
What does net margin mean?
Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

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