profit from every $100 of sales.
$0$100
CarMax
$53.22+1.22% today
+53.0% in 1 year
1-year low $32.111-year high $64.22
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2021 to 2026.
0%20% a year
You pay $30.55 for every $1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What CarMax sold, what it kept, and what it did with the cash.
Sales went from $29.7 billion in 2023 to $25.9 billion in 2026, with $247 million of profit last year.
SalesProfit
CarMax handed back 52% of the cash it generated last year.
Buybacks $643M
Free cash flow 2026$1.2B
Bought back its own shares$643M
Paid as dividends–
Cash vs. debt$123M vs. $18.5B
CarMax vs. similar companies
CarMax grows the slowest of these 5 and is the most expensive for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| CarMax | 30.5× · Expensive | ||
 Penske Automotive Group | 14.9× · Cheap | ||
 Lithia Motors | 7.8× · Cheap | ||
 Rush Enterprises | 19.9× · Fair price | ||
 Openlane | 24.0× · Fair price |
AI analysis
An AI analyst reads CarMax's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 18,950 | 31,900 | 29,685 | 26,536 | 26,353 | 25,881 | |
| 2,379 | 3,288 | 2,800 | 2,713 | 2,898 | 2,807 | |
| – | – | -311 | -206 | -221 | -410 | |
| – | – | 1,333 | 1,665 | 1,835 | 1,609 | |
| 747 | 1,151 | 485 | 479 | 501 | 247 | |
| 4.52 | 6.97 | 3.03 | 3.02 | 3.21 | 1.68 | |
| 12.6% | 10.3% | 9.4% | 10.2% | 11.0% | 10.8% | |
| – | – | -1.0% | -0.8% | -0.8% | -1.6% | |
| 3.9% | 3.6% | 1.6% | 1.8% | 1.9% | 1.0% |
Balance sheet
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Total assets | 21,542 | 26,338 | 26,183 | 27,197 | 27,404 | 26,368 |
| Cash | 132 | 103 | 315 | 574 | 247 | 123 |
| Total debt | 15,204 | 18,898 | 18,932 | 19,310 | 19,222 | 18,545 |
| Total liabilities | 17,177 | 21,103 | 20,570 | 21,123 | 21,161 | 20,479 |
| 4,365 | 5,235 | 5,613 | 6,074 | 6,243 | 5,889 | |
| 165 | 165 | 160 | 159 | 156 | 148 | |
| – | – | 3.4% | 4.4% | 4.8% | 4.1% | |
| 17.1% | 22.0% | 8.6% | 7.9% | 8.0% | 4.2% |
Cash flow
| In millions of USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| 668 | -2,549 | 1,283 | 459 | 624 | 1,784 | |
| 165 | 309 | 423 | 465 | 468 | 541 | |
| 503 | -2,858 | 861 | -7 | 157 | 1,243 | |
| Dividends paid | – | – | – | – | – | – |
| 230 | 576 | 334 | 94 | 428 | 643 | |
| 122 | 109 | 86 | 120 | 135 | 99 |
Valuation
- 30.5×
- 22.7×
- –
- 0.9×
- 0.3×
- 6.1×
- 16.1×
- 16.5%
- 3.3%
- 0.0%
Profitability
- 10.8%
- -1.6%
- 1.0%
- 3.0%
- 0.5%
- 2.7%
- 4.0%
- 0.9%
- 0.9%
- –
Growth
- +6.4%
- −18.0%
- +694.2%
- –
- −2.4%
Financial health
- 3.4×
- 0.47
- 10.5%
- 1.9×
- 2.20
- 0.49
- 0.98
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 9%of 982
Bottom 7%of 996
Bottom 28%of 860
Bottom 44%of 996
Top 10%of 982
What analysts expect
- Average price target
- $37.78
- Range
- $26.00 – $48.00
- 5 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 14, 2026 | 0.34 | 0.22 | +54.5% |
| Dec 18, 2025 | 0.51 | 0.31 | +66.4% |
| Sep 25, 2025 | 0.64 | 1.04 | −38.5% |
| Jun 20, 2025 | 1.38 | 1.16 | +19.0% |
| Apr 10, 2025 | 0.64 | 0.66 | −3.0% |
| Dec 19, 2024 | 0.81 | 0.59 | +37.3% |
| Sep 26, 2024 | 0.85 | 0.86 | −1.2% |
| Jun 21, 2024 | 0.97 | 0.96 | +1.0% |
News
Is Carmax a Buy After Its Latest Earnings Report?Yahoo Finance · Oct 1, 2026Jobs, Inflation, Nike, Carmax, Micron, and More to Watch This WeekYahoo Finance · Sep 27, 2026The newest story we have is from Oct 1, 2026.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
38No pass
Benjamin Graham
67Pass
Philip Fisher
26No pass
Peter Lynch
23No pass
Joel Greenblatt
19No pass
Charlie Munger
24No pass
Terry Smith
22No pass
Questions about CarMax
Is CarMax a good stock to buy?
A business with weak numbers, but the price is high. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the CarMax AI analysis
What does CarMax do?
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It is in Auto - Dealerships, based in Richmond, VA, United States, with 27,796 employees.
Does CarMax pay a dividend?
No. CarMax does not pay a dividend at the moment; in 2026 it returned $643 million to shareholders by buying back its own shares.
Is CarMax stock halal?
No. CarMax does not pass our halal screen: its debt is 246% of its market value, at or above the 33% limit. How we check
How has CarMax stock done over the past year?
Up 53.0% over the past twelve months, to $53.22. It traded between $32.11 and $64.22 and is 17.1% below its high.
Who are CarMax's competitors?
The largest listed companies in the same industry are Penske Automotive Group, Lithia Motors, Rush Enterprises and Openlane. The peers table on this page compares their profit, growth and price with CarMax's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.