To the full analysis
CarMax stock: growth
KMXCarMax reported $25.88B in revenue for fiscal 2026, down 1.8% on the prior year, up 6.4% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
6.8%
per year from 2007 to 2026, per share 8.8%
Earnings (Annual rate)
1.2%
per year from 2007 to 2026, per share 3.2%
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2021 | since 2016 | since 2007 | |
|---|---|---|---|
| Revenue | 6.4% | 5.5% | 6.8% |
| Revenue per share | 8.6% | 9.0% | 8.8% |
| Earnings | −19.8% | −8.8% | 1.2% |
| Earnings per share | −18.2% | −5.9% | 3.2% |
| Free cash flow | 19.8% | no data | no data |
| Free cash flow per share | 22.3% | no data | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2007 | $7.47B | $198.6M | −$54.96M |
| 2008 | $8.2B | $182.03M | −$173.59M |
| 2009 | $6.97B | $59.21M | $78.89M |
| 2010 | $7.47B | $281.67M | $23.39M |
| 2011 | $8.98B | $377.5M | −$93.78M |
| 2012 | $10B | $413.8M | −$234.78M |
| 2013 | $10.96B | $434.28M | −$1.01B |
| 2014 | $12.57B | $492.59M | −$923.48M |
| 2015 | $14.27B | $597.36M | −$1.28B |
| 2016 | $15.15B | $623.43M | −$464.48M |
| 2017 | $15.88B | $626.97M | −$886.28M |
| 2018 | $17.12B | $664.11M | −$377.37M |
| 2019 | $18.17B | $842.41M | −$141.67M |
| 2020 | $20.32B | $888.43M | −$568.5M |
| 2021 | $18.95B | $746.92M | $503.22M |
| 2022 | $31.9B | $1.15B | −$2.86B |
| 2023 | $29.68B | $484.76M | $860.62M |
| 2024 | $26.54B | $479.2M | −$6.69M |
| 2025 | $26.35B | $500.56M | $156.5M |
| 2026 | $25.88B | $247.29M | $1.24B |
Revenue by segment
How CarMax, Inc. makes its money and how that has shifted. Names are as the company reports them.
- Used Vehicles80%
- Wholesale Vehicles17%
- Other3%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Used Vehicles | $15.17B | $17.17B | $15.71B | $24.44B | $23.03B | $20.92B | $21.08B | $20.7B | 80% |
| Wholesale Vehicles | $2.39B | $2.5B | $2.67B | $6.76B | $5.99B | $4.98B | $4.59B | $4.5B | 17.4% |
| Other | $607.3M | $650.49M | $567.75M | $699.51M | $660.77M | $637.94M | $686.22M | $674.13M | 2.6% |
| Total revenue | $18.17B | $20.32B | $18.95B | $31.9B | $29.68B | $26.54B | $26.35B | $25.88B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 28 Feb 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral since 10 Nov 2026, previously Weak
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.