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KMX

CarMax, Inc.

Ticker KMXRICHMOND, VAFiscal year ends FebruaryBook value per share $44.30Diluted shares 142.3M

CarMax, Inc. (NYSE: KMX) is a U.S. retailer of used vehicles that also buys vehicles from consumers and dealers, operates wholesale auctions and provides auto financing. Its omni-channel platform lets customers shop and transact online, in stores or through a combination of both, with no-haggle pricing. The company’s… From the company’s description.

In fiscal 2026, CarMax, Inc. reported revenue of $25.88B, down 1.8% from fiscal 2025, and net income of $247.29M. Operations generated $1.78B in cash. Over the twelve months to Aug 31, 2026, revenue was $27.63B.

Fiscal year 2026 · ends 02-28Changes are against fiscal 2025The amber dot is the latest twelve months, to 2026-08-31
Sales & profitability
$25.88BFY2026
−1.8% year over year
Last 12 mo $27.63B
0.00%FY2026
$247.29MFY2026
−50.6% year over year
Last 12 mo $292.44M
5.75%FY2026
−2.3 percentage points
Last 12 mo 4.64%
Cash & financing
$1.78BFY2026
+185.7% year over year
Last 12 mo $1.60B
$1.24BFY2026
+694.2% year over year
Last 12 mo $1.15B
3.06FY2026
Was 2.99× a year earlier
Last 12 mo 2.76
147.6MFY2026
−5.4% year over year
Last 12 mo 142.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CarMax, Inc. does

In the company’s own words

CarMax, Inc. (NYSE: KMX) is a U.S. retailer of used vehicles that also buys vehicles from consumers and dealers, operates wholesale auctions and provides auto financing. Its omni-channel platform lets customers shop and transact online, in stores or through a combination of both, with no-haggle pricing. The company’s two reportable segments are CarMax Sales Operations, covering vehicle sales and purchases, auctions, related products and services, and financing arrangements, and CarMax Auto Finance (CAF), which finances retail vehicle buyers and services its loans. CarMax also offers extended service plans, guaranteed asset protection and vehicle repair services. Edmunds, acquired in 2021, adds online automotive information and digital vehicle-shopping capabilities. In fiscal 2026, CarMax sold 780,684 used vehicles at retail and 538,203 at wholesale auctions; at year-end, it operated 256 stores in 110 U.S. television markets and employed 27,796 full- and part-time associates. Its website is carmax.com.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Retail
Headquarters
RICHMOND, VA
Fiscal year end
February
CIK
1170010
SIC
5500

Financial performance, year by year

Fiscal 2014–2026 · USD
$-3.19B$6.38B$15.95B$25.52B$35.09B2014201520162017201820192020202120222023202420252026Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CarMax, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

326
funds hold it
2 of 35
superinvestors hold it
$2.86B
held by funds, at market
40.8%
of shares held by funds

Superinvestors in CarMax, Inc. · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%of 13F portfolio
Mark HillmanDECREASED -16.3%
Hillman Capital Management
3.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · CarMax, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.41%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.09%of fund net assets
Janus Henderson Enterprise Fund
JAENX · Janus Investment Fund
0.75%of fund net assets
Avantis U.S. Small Cap Value ETF
AVUV · American Century ETF Trust
0.45%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do CarMax, Inc. and its peers compare on margins and cash generation over ten years?”
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