CarMaxKMXEarnings & Financial Report
CarMax, Inc. is a used vehicle retailer based in the United States. It operates two business segments: CarMax Sales Operations and CarMax Auto Finance. The company began as a side business of Circuit City Corporation, Inc., opening its first location in September 1993 in Richmond, Virginia. As of January 2025, CarMax operates 253 locations.
KMX Q3 FY2026 Key Financial Metrics
Revenue
$5.8B
Gross Profit
$590.0M
Operating Profit
N/A
Net Profit
$62.2M
Gross Margin
10.2%
Operating Margin
N/A
Net Margin
1.1%
YoY Growth
-6.9%
EPS
$0.43
CarMax Q3 FY2026 Financial Summary
CarMax reported revenue of $5.8B (down 6.9% YoY) for Q3 FY2026, with a net profit of $62.2M (down 50.4% YoY) (1.1% margin). Cost of goods sold was $5.2B.
Key Financial Metrics
| Total Revenue | $5.8B |
|---|---|
| Net Profit | $62.2M |
| Gross Margin | 10.2% |
| Operating Margin | N/A |
| Report Period | Q3 FY2026 |
Revenue Breakdown
CarMax Q3 FY2026 revenue of $5.8B breaks down across 7 segments, led by Used Vehicles at $4.5B (78.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Used Vehicles | $4.5B | 78.5% |
| Wholesale Vehicles | $1.1B | 18.9% |
| Other | $150.6M | 2.6% |
| Extendedprotectionplan Domain | $96.6M | 1.7% |
| Advertising Subscription Revenues Domain | $35.1M | 0.6% |
| Service Domain | $18.5M | 0.3% |
| Thirdpartyfinancefees Domain | $3.0M | 0.1% |
CarMax Revenue by Segment — Quarterly Trend
CarMax revenue by segment across the last 4 reported quarters, showing how each business line (such as Used Vehicles and Wholesale Vehicles) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Used Vehicles | $4.5B | $5.3B | $4.8B | $4.8B |
| Wholesale Vehicles | $1.1B | $1.1B | $1.0B | $1.0B |
| Other | $150.6M | $174.4M | $1.4B | $159.0M |
| Extendedprotectionplan Domain | $96.6M | $115.1M | $105.3M | $106.0M |
| Advertising Subscription Revenues Domain | $35.1M | $37.9M | $35.0M | $34.2M |
CarMax Annual Revenue by Year
CarMax annual revenue history includes year-by-year totals (for example, 2025 revenue was $26.4B).
CarMax Quarterly Revenue & Net Profit History
CarMax results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $5.8B | -6.9% | $62.2M | 1.1% |
| Q2 FY2026 | $6.6B | -6.0% | $95.4M | 1.4% |
| Q1 FY2026 | $7.5B | +6.1% | $210.4M | 2.8% |
| Q4 FY2025 | $6.0B | +6.7% | $89.9M | 1.5% |
| Q3 FY2025 | $6.2B | +1.2% | $125.4M | 2.0% |
| Q2 FY2025 | $7.0B | -0.9% | $132.8M | 1.9% |
| Q1 FY2025 | $7.1B | -7.5% | $152.4M | 2.1% |
| Q4 FY2024 | $5.6B | -1.7% | $50.3M | 0.9% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.63B | $7.11B | $7.01B | $6.22B | $6.00B | $7.55B | $6.59B | $5.79B |
| YoY Growth | -1.7% | -7.5% | -0.9% | 1.2% | 6.7% | 6.1% | -6.0% | -6.9% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $27.20B | $27.24B | $27.30B | $27.30B | $27.40B | $27.39B | $27.08B | $25.56B |
| Liabilities | $21.12B | $21.08B | $21.12B | $21.09B | $21.16B | $21.10B | $20.88B | $19.50B |
| Equity | $6.07B | $6.17B | $6.18B | $6.21B | $6.24B | $6.29B | $6.20B | $6.06B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $309.6M | $-117.7M | $619.1M | $-23.4M | $146.4M | $299.5M | $785.5M | $1.25B |