CarMax KMX Provision for cancellation reserves
Provision for cancellation reserves at other companies
Other financials
Where this comes from
Reported directly by CarMax in its filing.
Tagged under the XBRL concept kmx:ProvisionForContractCancellationReserves.
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 provision for cancellation reserves?
- CarMax (KMX) reported provision for cancellation reserves of $26.17M in Q1 2026.
- How has CarMax's provision for cancellation reserves changed year-over-year?
- CarMax's provision for cancellation reserves increased by 5.5% year-over-year, from $24.8M to $26.17M.
- What is the long-term trend for CarMax's provision for cancellation reserves?
- Over 4 years (2022 to 2026), CarMax's provision for cancellation reserves has grown at a -9.9% compound annual growth rate (CAGR), from $114.93M to $75.83M.
- What does provision for cancellation reserves mean?
- This represents the non-cash charge taken to adjust the reserve for expected cancellations of extended service plans or similar financial products. It reflects management's estimate of future contract terminations that will require refunds or adjustments to deferred revenue. High levels of this provision may indicate shifts in consumer behavior or changes in the underlying quality of the service contract portfolio.