Carmax profit margin KMX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 1.1%
- Net margin on a year earlier
- −0.9 pts
- Peer median
- 2.8%
Over the twelve months to Aug 31, 2026, Carmax kept 1.1% of its revenue as net profit and a gross margin of 10.3%.
Five years earlier its net margin was 4.5%.
The median for 10 car dealers of a similar size is 2.8%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 1.0% | n/a | 10.8% |
| FY2025 | 1.9% | n/a | 11.0% |
| FY2024 | 1.8% | n/a | 10.2% |
| FY2023 | 1.6% | n/a | 9.4% |
| FY2022 | 3.6% | n/a | 10.3% |
| FY2021 | 3.9% | 5.5% | 12.6% |
| FY2020 | 4.4% | 6.1% | 13.4% |
| FY2019 | 4.6% | 6.5% | 13.6% |
| FY2018 | 3.9% | 6.6% | 13.6% |
| FY2017 | 3.9% | 6.7% | 13.8% |
| FY2016 | 4.1% | 7.0% | 13.3% |
| FY2015 | 4.2% | 7.0% | 13.2% |
| FY2014 | 3.9% | 6.6% | 13.1% |
| FY2013 | 4.0% | 6.7% | 13.4% |
| FY2012 | 4.1% | 7.0% | 13.8% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year |
|---|---|---|---|
| Q2 FY27 | 1.1% | −0.9 pts | |
| Q1 FY27 | 0.8% | −1.2 pts | |
| Q4 FY26 | 1.0% | −0.9 pts | |
| Q3 FY26 | 1.8% | −0.0 pts | |
| Q2 FY26 | 2.0% | +0.4 pts | |
| Q1 FY26 | 2.1% | +0.5 pts | |
| Q4 FY25 | 1.9% | +0.1 pts | |
| Q3 FY25 | 1.8% | −0.1 pts | |
| Q2 FY25 | 1.6% | −0.1 pts | |
| Q1 FY25 | 1.6% | −0.1 pts | |
| Q4 FY24 | 1.8% | +0.2 pts | |
| Q3 FY24 | 1.9% | +0.1 pts |
Against its peers
Companies in Auto - Dealerships nearest Carmax's size, closest first, today.
| Company | Profit margin |
|---|---|
| KMXCarmax | 1.1% |
| LADLithia Motors | 1.9% |
| MUSAMurphy USA | 2.9% |
| ANAutonation | 2.8% |
| RUSHARush Enterprises | 3.7% |
| RRyder System | 3.9% |
| PAGPenske Automotive | 2.8% |
| ABGAsbury Automotive | 2.8% |
| GPIGroup 1 Automotive | 1.3% |
| SAHSonic Automotive | 1.4% |
| DRVNDriven Brands | 8.6% |
| Peer median | 2.8% |
Where Carmax ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Carmax
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.