KMXNYSERetail-Auto Dealers & Gasoline StationsFiscal year ends February 28
CARMAX INC
Financials through Q2 FY2027, quarter ended Aug 31, 2026Last filing: 10-Q on Sep 30, 2026
$51.65−1.68 (-3.15%)
Close on Oct 19, 2026
- Market cap
- $7.36B
- P/E (TTM)
- 25.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
10.8%−1.7 pts over 5 years
Net margin
1.0%−3.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.8% | -4.5% | +6.4% | +5.5% | |
| Gross profit | -3.2% | +0.1% | +3.4% | +3.3% | |
| Net income | -50.6% | -20.1% | -19.8% | -8.8% | |
| EPS, diluted | -47.7% | -17.8% | -18.0% | -5.7% | |
| Free cash flow | +694.2% | +13.0% | +19.8% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on assets | 4.1% | 3.5% | 0.9% | |
| Current ratio | 2.60 | 2.42 | 2.20 | |
| Inventory turnover | 6.5× | 5.5× | 5.7× | |
| Capex to revenue | 2.6% | 0.9% | 2.1% | |
| Diluted shares | 192M | 165M | 148M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Carmax generated $6.70B from operations and spent $4.28B on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
$6.70B
Used
$4.28B
Capital expenditure$2.21B52%Dividends$00%Share buybacks$2.08B48%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$247.29M
- Cash generatingOperating cash flow above zero$1.78B
- Return on assets improvedROA up on the prior year1.8% → 0.9%
- Earnings backed by cashOperating cash flow above net income$1.78B vs $247.29M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.31 → 2.20
- No dilutionShare count did not rise156M → 148M
- Gross margin improvedGross margin up on the prior year11.00% → 10.84%
- More efficientAsset turnover rose0.97 → 0.94