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CarMax KMX Non-recourse notes payable, excluding current portion

Non-recourse notes payable, excluding current portion at other companies

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$291.19M+16.3%
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$574.63M+0.1%
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Floor & DecorFND
$0-100%
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SM EnergySM
$7.98B+194%
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Hilton Grand VacationsHGV
$2.55B+4.3%

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

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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 kmx:NonRecourseDebtNonCurrent.

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 non-recourse notes payable, excluding current portion?
CarMax (KMX) reported non-recourse notes payable, excluding current portion of $15.5B in Q1 2026.
How has CarMax's non-recourse notes payable, excluding current portion changed year-over-year?
CarMax's non-recourse notes payable, excluding current portion decreased by 6.9% year-over-year, from $16.64B to $15.5B.
What is the long-term trend for CarMax's non-recourse notes payable, excluding current portion?
Over 5 years (2021 to 2026), CarMax's non-recourse notes payable, excluding current portion has grown at a 2.8% compound annual growth rate (CAGR), from $13.3B to $15.25B.
What does non-recourse notes payable, excluding current portion mean?
This reflects the long-term portion of debt secured by specific collateral where the lender has no claim on other company assets in the event of default. It represents the company's reliance on asset-backed financing for long-term capital needs beyond the upcoming fiscal year. Investors use this to evaluate the company's leverage profile and the extent to which its financing is isolated from general corporate credit risk.