CarMaxKMXRevenue: is the business selling more than it used to?
$25.9B−2% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $25.9B in 2025, compounding -4% a year since 2022 though the pace has cooled.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXNet income: how much of that revenue becomes profit?
$247M−51% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $247M in 2025, compounding -20% a year over three years. Earnings per share moved -60% over the last twelve months. Trailing twelve-month profit stands at $222M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXHow fast is it growing, year by year?
-1.8%revenue growth, FY 2025
→Revenue grew -2% in 2025 against a five-year average of +10%. Earnings fell +51% on top of it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXRevenue per share: is your slice growing as fast as the company?
$175.33revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year
→Revenue per share reached $175.33 in 2025, compounding -2% a year against -4% for KMX as a whole. Buybacks added roughly 2.6 points to your per-share result. Free cash flow per share stands at $8.42.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXFree cash flow: what is left in real cash after everything?
$1.2B+694% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Free cash flow was $1.2B in 2025, compounding +13% a year since 2022. That is the most cash the business has ever thrown off in a year. The trailing twelve months stand at $994M.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXHow much of every sales dollar ends up as free cash?
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→5 cents of every sales dollar became free cash in 2025, and it has held steady since 2022 - the best conversion in its filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXWhat does staying competitive cost, per dollar of sales?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year
→The biggest claim on each sales dollar is capital spending, at 2% of revenue (stock compensation 0%). That share has risen since 2022, so the cost of competing is climbing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year
→Net margin stands at 1% in 2025. KMX doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-05-31), not a full fiscal year
→KMX earns 4% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXWhat has the market paid for KMX over time?
42.0xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 42.0x earnings, the market is paying +127% more than KMX's own 11-year median of 18.5x. Expectations are elevated, so more has to go right to justify the price. Today's multiple is the highest in the charted history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXWhat cash return does the business throw off per dollar of market value?
11.1%FCF yield today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→Every dollar of market value currently buys 11.1% of annual free cash flow, less than its 11-year median of -1.2% - you are paying up for the same cash.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXCould it handle its debt if things went wrong?
→Debt of $18.1B sits against $132M of cash, or 3.0x shareholders' equity.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXIs the company's own capital growing?
→The company's own capital grew from $6.0B in 2023 to $6.1B (+1%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXHow much goes back, and how much leaks out as stock comp?
→Shareholders received $643M in buybacks in 2025. Stock compensation issued $99M of new shares in the same year, offsetting 15% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXHow fast is your ownership being diluted - or concentrated?
→The share count shrank 5.4% in 2025, averaging 2.6% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXKMX has issued or retired shares - did shareholders end up better off?
→KMX has shrunk its share count -36% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +304% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31
CarMaxKMXAre the people running it buying or selling?
→Insiders bought $2M and sold $108,786 on the open market, a net purchase of $2M. A further 37 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-05-31