# CarMax Inc. (KMX)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $7.50B  
**Price:** $50.84 (+4.82%)

> CarMax Inc. is a leading U.S. used-vehicle retailer and automotive services company headquartered in Richmond, Virginia. The company operates a nationwide network of stores and a digital platform that together provide a large selection of used cars, trucks, and SUVs across multiple makes and price points. CarMax focuses on a standardized, customer-centric buying experience, supported by vehicle inspection, reconditioning, and in-house service capabilities. Its business is organized around CarMax Sales Operations, which covers merchandising, retail sales, wholesale auctions, and vehicle servicing, and CarMax Auto Finance, which provides financing solutions to qualifying customers purchasing vehicles through its retail channel. The company also sells extended service plans and related protection products, expanding its role beyond simple vehicle sales. By combining physical locations with online tools that allow customers to browse inventory, secure financing, and complete purchases remotely, CarMax plays a significant role in the U.S. automotive retail market and the broader consumer credit ecosystem.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $25.88B | $2.81B | — | $247M | $1.68 |
| 2025 | $26.35B | $2.90B | — | $501M | $3.21 |
| 2024 | $26.54B | $2.71B | — | $479M | $3.02 |
| 2023 | $29.68B | $2.80B | — | $485M | $3.03 |
| 2022 | $31.90B | $3.29B | — | $1.15B | $6.97 |
| 2021 | $18.95B | $2.38B | — | $747M | $4.52 |
| 2020 | $20.32B | $2.72B | — | $888M | $5.33 |
| 2019 | $18.17B | $2.48B | — | $842M | $4.79 |
| 2018 | $17.12B | $2.33B | — | $664M | $3.60 |
| 2017 | $15.88B | $2.18B | — | $627M | $3.26 |
| 2016 | $15.15B | $2.02B | — | $623M | $3.03 |
| 2015 | $14.27B | $1.89B | — | $597M | $2.73 |
| 2014 | $12.57B | $1.65B | — | $493M | $2.16 |
| 2013 | $10.96B | $1.46B | — | $434M | $1.87 |
| 2012 | $10.00B | $1.38B | — | $414M | $1.79 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $26.37B | $20.48B | $5.89B | $123M | $17.26B |
| 2025 | $27.40B | $21.16B | $6.24B | $247M | $18.14B |
| 2024 | $27.20B | $21.12B | $6.07B | $574M | $17.96B |
| 2023 | $26.18B | $20.57B | $5.61B | $315M | $17.78B |
| 2022 | $26.34B | $21.10B | $5.24B | $103M | $18.18B |
| 2021 | $21.54B | $17.18B | $4.36B | $132M | $14.62B |
| 2020 | $21.08B | $17.31B | $3.77B | $58M | $14.94B |
| 2019 | $18.72B | $15.36B | $3.36B | $47M | $13.78B |
| 2018 | $17.49B | $14.17B | $3.32B | $45M | — |
| 2017 | $16.28B | $13.17B | $3.11B | $38M | — |
| 2016 | $14.46B | $11.56B | $2.90B | $37M | — |
| 2015 | $13.20B | $10.04B | $3.16B | $28M | — |
| 2014 | $11.71B | $8.39B | $3.32B | $628M | — |
| 2013 | $9.89B | $6.87B | $3.02B | $449M | — |
| 2012 | $8.33B | $5.66B | $2.67B | $443M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $1.78B | $541M | $1.24B |
| 2025 | $624M | $468M | $157M |
| 2024 | $459M | $465M | -$7M |
| 2023 | $1.28B | $423M | $861M |
| 2022 | -$2.55B | $309M | -$2.86B |
| 2021 | $668M | $165M | $503M |
| 2020 | -$237M | $332M | -$569M |
| 2019 | $163M | $305M | -$142M |
| 2018 | -$81M | $297M | -$377M |
| 2012 | -$62M | $173M | -$235M |
| 2011 | -$7M | $77M | -$83M |
| 2010 | $60M | $22M | $37M |
| 2009 | $265M | $186M | $79M |

Source: [CompaniesByCap](https://companiesbycap.com/company/KMX)