Carmax KMX
- Market cap
- $7.3B
- PE
- 25.1×
- 10y median 19.4×
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 0.3×
- EV/EBIT
- n/m
- a quarter missing
- Revenue, 12 months
- $27.6B
- +5% on a year ago
- Net margin
- 1.1%
- Free cash flow yield
- n/m
- not a meaningful number
Carmax trades at 25.1× trailing earnings, pricier than 77% of the last ten years. Revenue was $27.6B over the last twelve months, up 5% on a year earlier with a 1% net margin.
Charts
Financials
| Income statement | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $6.1B−6% | $5.6B−2% | $7.1B−8% | $7B−1% | $6.2B+1% | $6B+7% | $7.5B+6% | $6.6B−6% | $5.8B−7% | $5.9B−1% | $8B+6% | $7.9B+20% | |
| Cost of revenue | $5.5B−7% | $5B−1% | $6.3B−8% | $6.3B−2% | $5.5B+0% | $5.3B+6% | $6.7B+5% | $5.9B−6% | $5.2B−6% | $5.3B+0% | $7.2B+8% | $7.1B+20% |
| Gross profit | $612.9M+6% | $586.2M−4% | $791.9M−3% | $760.5M+9% | $677.6M+11% | $667.9M+14% | $893.6M+13% | $717.7M−6% | $590M−13% | $605.3M−9% | $854.4M−4% | $799.5M+11% |
| SG&A | $560M−5% | $580.9M+1% | $638.6M+14% | $610.6M+4% | $575.8M+3% | $610.5M+5% | $659.6M+3% | $601.1M−2% | $581.4M+1% | $611.3M+0% | $635.2M−4% | $628.6M+5% |
| $140.9M+77% | n/a | $238.4M−29% | $201.6M+8% | $197.3M+40% | n/a | $309.9M+30% | $151.9M−25% | $114.5M−42% | n/a | $290.3M−6% | $236.3M+56% | |
| Interest expense | $31.3M+4% | $31.4M+9% | $31.4M+3% | $27M−14% | $25.4M−19% | $24.1M−23% | $27.1M−14% | $28.5M+5% | $26.1M+3% | $28.8M+19% | $33.8M+25% | $31.8M+12% |
| Pre-tax income | $110.6M+121% | $65.5M−21% | $206.6M−33% | $177.8M+12% | $166.5M+51% | $118.4M+81% | $283.1M+37% | $127.1M−29% | $83.9M−50% | −$110.7M | $258.6M−9% | $223.1M+76% |
| $28.6M+130% | $15.2M+12% | $54.2M−31% | $45M+14% | $41M+44% | $28.5M+87% | $72.7M+34% | $31.7M−30% | $21.7M−47% | $10M−65% | $72.9M+0% | $57.8M+82% | |
| Net income | $82M+118% | $50.3M−27% | $152.4M−33% | $132.8M+12% | $125.4M+53% | $89.9M+79% | $210.4M+38% | $95.4M−28% | $62.2M−50% | −$120.7M | $185.6M−12% | $165.3M+73% |
| $0.52+117% | $0.32−27% | $0.97−33% | $0.85+13% | $0.81+56% | $0.58+81% | $1.38+42% | $0.64−25% | $0.43−47% | −$0.85 | $1.31−5% | $1.16+81% | |
| 158.8M+0% | 158.2M−0% | 157.7M−1% | 156.5M−2% | 155.3M−2% | 154.7M−2% | 152.6M−3% | 149.6M−4% | 145.9M−6% | 141.9M−8% | 142.1M−7% | 142.4M−5% |
Operating income: 64 periods, Q2 FY10 to Q2 FY27: not printed by the filing, worked out from its own lines.
EPS, diluted: 8 periods, Q4 FY10 to Q4 FY26: quarter's net income to common over its shares, to the cent.
Diluted shares: 16 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY26: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Auto - Dealerships nearest Carmax's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| KMXCarmax | $7.3B | 25.1× | 19.4× | 0.3× | +5% | 1.1% | |
| LADLithia Motors | $6.5B | 9.8× | 9.9× | 0.2× | +2% | 1.9% | |
| MUSAMurphy USA | $9.8B | 16.3× | 14.9× | 0.5× | +10% | 2.9% | |
| ANAutonation | $5.3B | 7.5× | 9.9× | 0.2× | −0% | 2.8% | |
| RUSHARush Enterprises | $5.2B | 20.3× | 12.3× | 0.7× | −6% | 3.7% | |
| RRyder System | $10.4B | 22.1× | 13.0× | 0.8× | +1% | 3.9% | |
| PAGPenske Automotive | $13.9B | 15.4× | 9.7× | 0.4× | +1% | 2.8% | |
| ABGAsbury Automotive | $3.1B | 6.5× | 8.4× | 0.2× | +4% | 2.8% | |
| GPIGroup 1 Automotive | $2.9B | 10.2× | 8.9× | 0.1× | +1% | 1.3% | |
| SAHSonic Automotive | $1.9B | 9.8× | 10.8× | 0.1× | +5% | 1.4% | |
| DRVNDriven Brands | $1.9B | 11.7× | 77.3× | 1.0× | +8% | 8.6% | |
| Peer median | $5.3B | 11.0× | 10.4× | 0.3× | +2% | 2.8% |
Investors who own it
Investors we follow who held Carmax at the end of Jun 30, 2026, from their 13F filings.
- Tom GaynerMarkel Group0.1% of portfolio
More on Carmax
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #8of 21Car dealers with the fastest revenue growth
- #10of 23Car dealers with the lowest price to sales ratio
- #8of 11Car dealers cheapest against their own PE history
Its groups
About
- Industry
- Auto - Dealerships
- Sector
- Consumer Cyclical
Valuation data, not investment advice. Prices as of .