CARMAX INC
About CARMAX INC
CarMax sells, finances, and services used and new cars through a chain of over about 260 retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales were 80% of fiscal 2026 revenue and wholesale about 17%, with the remaining portion composed of extended service plans and repair. In fiscal 2026, the company retailed and wholesaled 780,684 and 538,203 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the US, but still estimates that it had only about 3.6% US market share of vehicles zero to 10 years old in calendar 2025. CarMax is based in Richmond, Virginia.
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Financial summary
- Revenue FY2026
- $25.9B
- Net income
- $247.3M
- Total assets
- $26.4B
- Market cap
- $6.7B
- Gross margin
- 10.8%
- Operating margin
- 1.5%
- Net margin
- 1.0%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $25.9B
- Cost of revenue
- $23.1B
- Gross profit
- $2.8B
- Operating expenses
- $2.4B
- Operating income
- $383.4M
- Income tax
- $136.1M
- Net income
- $247.3M
- EPS (basic)
- $1.68
- EPS (diluted)
- $1.68
Balance sheet
- Total assets
- $26.4B
- Current assets
- $5.3B
- Total liabilities
- $20.5B
- Current liabilities
- $2.4B
- Shareholders’ equity
- $5.9B
Cash flow
- Operating cash flow
- $1.8B
- Investing cash flow
- -$540.0M
- Financing cash flow
- -$1.3B
- Net cash flow
- -$97.5M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $6.7B
- P/E ratio
- 28.3
- EPS (diluted)
- $1.68
- Shares outstanding
- 140.8M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Feb 4, 1997
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $247.3M in FY2026.
- Revenue declined 19% from FY2022 to FY2026.
- Gross margin of 10.8%, net margin 1.0%.
- Trading 34% below its 52-week high.
- Valued at a price-to-earnings (P/E) ratio of 28.3.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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News about CARMAX INC
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