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CarMax KMX Operating Lease Liabilities

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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:OperatingLeaseLiabilityNoncurrent.

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
TOTAL CURRENT LIABILITIES2,157,0542,414,805
Long-term debt, excluding current portion2,061,2712,006,217
Non-recourse notes payable, excluding current portion15,499,70515,254,330
Operating lease liabilities, excluding current portion453,352464,696
Other liabilities336,931338,999
TOTAL LIABILITIES20,508,31320,479,047
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is CarMax's operating lease liabilities?
CarMax (KMX) reported operating lease liabilities of $453.35M in Q1 2026.
How has CarMax's operating lease liabilities changed year-over-year?
CarMax's operating lease liabilities decreased by 3.7% year-over-year, from $470.91M to $453.35M.
What is the long-term trend for CarMax's operating lease liabilities?
Over 5 years (2021 to 2026), CarMax's operating lease liabilities has grown at a 1.9% compound annual growth rate (CAGR), from $423.62M to $464.7M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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