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Side-by-side financial comparison of CarMax (KMX) and MOVADO GROUP INC (MOV). Click either name above to swap in a different company.
CarMax is the larger business by last-quarter revenue ($5.8B vs $186.1M, roughly 31.1× MOVADO GROUP INC). MOVADO GROUP INC runs the higher net margin — 5.1% vs 1.1%, a 4.1% gap on every dollar of revenue. On growth, MOVADO GROUP INC posted the faster year-over-year revenue change (1.9% vs -6.9%). CarMax produced more free cash flow last quarter ($1.1B vs $11.6M). Over the past eight quarters, MOVADO GROUP INC's revenue compounded faster (2.9% CAGR vs 1.5%).
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.
Movado is a luxury American watch brand originally founded in 1881 in Switzerland. Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style; the company is best known for its Museum Watch.
KMX vs MOV — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $5.8B | $186.1M |
| Net Profit | $62.2M | $9.6M |
| Gross Margin | 10.2% | 54.3% |
| Operating Margin | — | 6.3% |
| Net Margin | 1.1% | 5.1% |
| Revenue YoY | -6.9% | 1.9% |
| Net Profit YoY | -50.4% | 89.8% |
| EPS (diluted) | $0.43 | $0.42 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.8B | $186.1M | ||
| Q3 25 | $6.6B | $161.8M | ||
| Q2 25 | $7.5B | $131.8M | ||
| Q1 25 | $6.0B | $181.5M | ||
| Q4 24 | $6.2B | $180.5M | ||
| Q3 24 | $7.0B | $157.0M | ||
| Q2 24 | $7.1B | $134.4M | ||
| Q1 24 | $5.6B | $175.8M |
| Q4 25 | $62.2M | $9.6M | ||
| Q3 25 | $95.4M | $3.0M | ||
| Q2 25 | $210.4M | $1.4M | ||
| Q1 25 | $89.9M | $8.1M | ||
| Q4 24 | $125.4M | $4.8M | ||
| Q3 24 | $132.8M | $3.5M | ||
| Q2 24 | $152.4M | $2.0M | ||
| Q1 24 | $50.3M | $9.8M |
| Q4 25 | 10.2% | 54.3% | ||
| Q3 25 | 10.9% | 54.1% | ||
| Q2 25 | 11.8% | 54.1% | ||
| Q1 25 | 11.1% | 54.2% | ||
| Q4 24 | 10.9% | 53.5% | ||
| Q3 24 | 10.8% | 54.3% | ||
| Q2 24 | 11.1% | 54.3% | ||
| Q1 24 | 10.4% | 53.5% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 2.0% | 5.1% | ||
| Q4 24 | 2.7% | 3.3% | ||
| Q3 24 | 2.5% | 1.7% | ||
| Q2 24 | 2.9% | 1.6% | ||
| Q1 24 | 1.2% | 6.1% |
| Q4 25 | 1.1% | 5.1% | ||
| Q3 25 | 1.4% | 1.8% | ||
| Q2 25 | 2.8% | 1.1% | ||
| Q1 25 | 1.5% | 4.4% | ||
| Q4 24 | 2.0% | 2.7% | ||
| Q3 24 | 1.9% | 2.2% | ||
| Q2 24 | 2.1% | 1.5% | ||
| Q1 24 | 0.9% | 5.6% |
| Q4 25 | $0.43 | $0.42 | ||
| Q3 25 | $0.64 | $0.13 | ||
| Q2 25 | $1.38 | $0.06 | ||
| Q1 25 | $0.58 | $0.36 | ||
| Q4 24 | $0.81 | $0.21 | ||
| Q3 24 | $0.85 | $0.15 | ||
| Q2 24 | $0.97 | $0.09 | ||
| Q1 24 | $0.31 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $204.9M | $183.9M |
| Total DebtLower is stronger | $16.6B | — |
| Stockholders' EquityBook value | $6.1B | $497.5M |
| Total Assets | $25.6B | $751.9M |
| Debt / EquityLower = less leverage | 2.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.9M | $183.9M | ||
| Q3 25 | $540.4M | $180.5M | ||
| Q2 25 | $262.8M | $203.1M | ||
| Q1 25 | $247.0M | $208.5M | ||
| Q4 24 | $271.9M | $181.5M | ||
| Q3 24 | $524.7M | $198.3M | ||
| Q2 24 | $218.9M | $225.4M | ||
| Q1 24 | $574.1M | $262.1M |
| Q4 25 | $16.6B | — | ||
| Q3 25 | $17.8B | — | ||
| Q2 25 | $18.0B | — | ||
| Q1 25 | $18.1B | — | ||
| Q4 24 | $18.1B | — | ||
| Q3 24 | $18.1B | — | ||
| Q2 24 | $18.2B | — | ||
| Q1 24 | $18.0B | — |
| Q4 25 | $6.1B | $497.5M | ||
| Q3 25 | $6.2B | $489.9M | ||
| Q2 25 | $6.3B | $493.2M | ||
| Q1 25 | $6.2B | $481.3M | ||
| Q4 24 | $6.2B | $491.3M | ||
| Q3 24 | $6.2B | $492.0M | ||
| Q2 24 | $6.2B | $489.6M | ||
| Q1 24 | $6.1B | $505.9M |
| Q4 25 | $25.6B | $751.9M | ||
| Q3 25 | $27.1B | $748.7M | ||
| Q2 25 | $27.4B | $747.2M | ||
| Q1 25 | $27.4B | $729.2M | ||
| Q4 24 | $27.3B | $747.2M | ||
| Q3 24 | $27.3B | $742.5M | ||
| Q2 24 | $27.2B | $736.0M | ||
| Q1 24 | $27.2B | $756.5M |
| Q4 25 | 2.74× | — | ||
| Q3 25 | 2.87× | — | ||
| Q2 25 | 2.86× | — | ||
| Q1 25 | 2.91× | — | ||
| Q4 24 | 2.92× | — | ||
| Q3 24 | 2.93× | — | ||
| Q2 24 | 2.95× | — | ||
| Q1 24 | 2.96× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.3B | $12.3M |
| Free Cash FlowOCF − Capex | $1.1B | $11.6M |
| FCF MarginFCF / Revenue | 19.2% | 6.2% |
| Capex IntensityCapex / Revenue | 2.4% | 0.4% |
| Cash ConversionOCF / Net Profit | 20.14× | 1.28× |
| TTM Free Cash FlowTrailing 4 quarters | $1.9B | $35.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.3B | $12.3M | ||
| Q3 25 | $785.5M | $-3.8M | ||
| Q2 25 | $299.5M | $-7.2M | ||
| Q1 25 | $146.4M | $39.1M | ||
| Q4 24 | $-23.4M | $-4.7M | ||
| Q3 24 | $619.1M | $-17.8M | ||
| Q2 24 | $-117.7M | $-18.1M | ||
| Q1 24 | $309.6M | $69.4M |
| Q4 25 | $1.1B | $11.6M | ||
| Q3 25 | $654.0M | $-5.1M | ||
| Q2 25 | $162.8M | $-8.7M | ||
| Q1 25 | $18.8M | $37.5M | ||
| Q4 24 | $-150.6M | $-7.2M | ||
| Q3 24 | $509.9M | $-20.1M | ||
| Q2 24 | $-221.6M | $-19.7M | ||
| Q1 24 | $199.8M | $67.8M |
| Q4 25 | 19.2% | 6.2% | ||
| Q3 25 | 9.9% | -3.1% | ||
| Q2 25 | 2.2% | -6.6% | ||
| Q1 25 | 0.3% | 20.7% | ||
| Q4 24 | -2.4% | -4.0% | ||
| Q3 24 | 7.3% | -12.8% | ||
| Q2 24 | -3.1% | -14.7% | ||
| Q1 24 | 3.6% | 38.6% |
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 2.1% | 0.9% | ||
| Q4 24 | 2.0% | 1.4% | ||
| Q3 24 | 1.6% | 1.5% | ||
| Q2 24 | 1.5% | 1.2% | ||
| Q1 24 | 2.0% | 0.9% |
| Q4 25 | 20.14× | 1.28× | ||
| Q3 25 | 8.24× | -1.27× | ||
| Q2 25 | 1.42× | -5.08× | ||
| Q1 25 | 1.63× | 4.86× | ||
| Q4 24 | -0.19× | -0.98× | ||
| Q3 24 | 4.66× | -5.14× | ||
| Q2 24 | -0.77× | -8.97× | ||
| Q1 24 | 6.16× | 7.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMX
| Used Vehicles | $4.5B | 78% |
| Wholesale Vehicles | $1.1B | 19% |
| Other | $150.6M | 3% |
| Extendedprotectionplan Domain | $96.6M | 2% |
| Advertising Subscription Revenues Domain | $35.1M | 1% |
| Service Domain | $18.5M | 0% |
| Thirdpartyfinancefees Domain | $3.0M | 0% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
