CarMax (KMX) | Financial Analysis & Statements

CarMax Inc. | Mid-cap | Consumer Cyclical

65,85 $US

1,45 %

| CarMax Stock Comparison:

CarMax vs Carvana CarMax vs Penske Automotive CarMax vs Lithia Motors CarMax vs AutoNation CarMax vs Group 1 Automotive CarMax vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Comparison

Financial Overview

Latest Annual: 2025

Income Metrics

Revenue 26,4B

Gross Profit 2,9B 11,00 %

Operating Income -220,5M -0,84 %

Net Income 500,6M 1,90 %

Balance Sheet Metrics

Total Assets 27,4B

Total Liabilities 21,2B

Shareholders Equity 6,2B

Debt to Equity 3,39

Cash Flow Metrics

Operating Cash Flow 192,1M

Free Cash Flow 156,5M

Revenue & Profitability Trend

Income Statement

Metric	2025	2024	2023	2022	2021
Revenue	26,4B	26,5B	29,7B	31,9B	19,0B
Cost of Goods Sold	23,5B	23,8B	26,9B	28,6B	16,6B
Gross Profit	2,9B	2,7B	2,8B	3,3B	2,4B
Operating Expenses	2,5B	2,7B	2,9B	2,5B	1,9B
Operating Income	-220,5M	-205,7M	-310,9M	551,6M	272,9M
Pre-tax Income	669,4M	641,6M	636,8M	1,5B	965,3M
Income Tax	168,8M	162,4M	152,0M	341,0M	218,3M
Net Income	500,6M	479,2M	484,8M	1,2B	746,9M
EPS (Diluted)	-	3,02 $US	3,03 $US	6,97 $US	4,52 $US

Income Statement Trend

Balance Sheet

Metric	2025	2024	2023	2022	2021
Assets
Current Assets	5,1B	5,2B	5,0B	6,5B	4,1B
Non-Current Assets	22,3B	22,0B	21,1B	19,8B	17,4B
Total Assets	27,4B	27,2B	26,2B	26,3B	21,5B
Liabilities
Current Liabilities	2,2B	2,3B	1,9B	2,0B	1,7B
Non-Current Liabilities	19,0B	18,8B	18,6B	19,1B	15,5B
Total Liabilities	21,2B	21,1B	20,6B	21,1B	17,2B
Equity
Total Shareholders Equity	6,2B	6,1B	5,6B	5,2B	4,4B

Balance Sheet Composition

Cash Flow Statement

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income	500,6M	479,2M	484,8M	1,2B	746,9M
Operating Cash Flow	192,1M	67,8M	868,2M	-2,8B	434,8M
Investing Activities
Capital Expenditures	333,0K	1,4M	5,2M	260,0K	1,8M
Investing Cash Flow	6,9M	-1,7M	-3,1M	-215,2M	36,4M
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	-453,5M	307,8M	-710,2M	3,1B	-424,1M
Free Cash Flow	156,5M	-6,7M	860,6M	-2,9B	503,2M

Cash Flow Trend

Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 20,22

Forward P/E 17,22

Price to Book 1,59

Price to Sales 0,35

PEG Ratio 17,22

Profitability Ratios

Profit Margin 1,78 %

Operating Margin 2,34 %

Return on Equity 8,13 %

Return on Assets 1,81 %

Financial Health

Current Ratio 2,31

Debt to Equity 311,17

Beta 1,38

Per Share Data

EPS (TTM) 3,21 $US

Book Value per Share 40,72 $US

Revenue per Share 181,60 $US

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
kmx	9,9B	20,22	1,59	8,13 %	1,78 %	311,17
Carvana	34,7B	103,49	26,54	99,59 %	2,68 %	344,78
Penske Automotive	11,0B	11,67	2,05	18,56 %	3,10 %	151,44
Lithia Motors	8,4B	10,21	1,25	13,15 %	2,31 %	204,97
AutoNation	7,1B	11,24	2,99	28,45 %	2,51 %	375,84
Group 1 Automotive	5,5B	11,93	1,81	16,56 %	2,28 %	176,05

Financial data is updated regularly. All figures are in the company's reporting currency.