Carmax (KMX) Asset Utilization Ratio (2010 - 2026)
Carmax (KMX) posted quarterly Asset Utilization Ratio of 0.99 for Q2 2026, up 1.7% year-over-year from 0.98 in Q2 2025, and little changed quarter-over-quarter from 1.0 in Q1 2026.
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Analysis
Carmax (KMX) Asset Utilization Ratio (2010 - 2026) Analysis & Trends
Carmax's Asset Utilization Ratio history runs 17 years deep, the most recent figure standing at 0.99 for Q2 2026.
- In Q2 2026, Asset Utilization Ratio rose 1.7% year-over-year to 0.99; the TTM figure through May 2026 stood at 0.99 (up 1.7% YoY), while the FY2026 annual figure was 0.96, changed 0.28% from the prior year.
- Asset Utilization Ratio for Q2 2026 stood at 0.99, roughly flat from 1.0 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 1.28 in Q3 2022, with the low at 0.95 in Q3 2024.
- The 5-year median for Asset Utilization Ratio is 0.99 (2025), against an average of 1.05.
- The sharpest annual moves came in 2022 and 2023: Asset Utilization Ratio jumped 37.73% in 2022, then decreased 21.99% in 2023.
- Carmax's Asset Utilization Ratio stood at 1.21 in 2022, then slipped by 19.04% to 0.98 in 2023, then dropped by 2.67% to 0.95 in 2024, then gained by 3.55% to 0.99 in 2025, then climbed by 0.9% to 0.99 in 2026.
- Business Quant data shows KMX's Asset Utilization Ratio at 0.99 in Q2 2026, 1.0 in Q1 2026, and 0.99 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 52.87 Bn | 50.13 Bn | 1.38 Bn | 1.77 |
| 2 | Penske Automotive | 14.22 Bn | 14.15 Bn | 1.36 Bn | 1.75 |
| 3 | Rush Enterprises Inc \Tx\ | 9.01 Bn | 8.75 Bn | 361.67 Mn | 1.58 |
| 4 | Carmax | 8.69 Bn | 8.10 Bn | 854.41 Mn | 0.99 |
| 5 | Lithia Motors | 8.26 Bn | 7.90 Bn | 1.50 Bn | 1.46 |
| 6 | Autonation | 6.73 Bn | 6.68 Bn | 1.23 Bn | 1.82 |
| 7 | Uxin | 5.72 Bn | 5.71 Bn | - | 0.78 |
| 8 | Valvoline | 4.10 Bn | 4.02 Bn | 214.90 Mn | 0.57 |
| 9 | Openlane | 4.07 Bn | 3.88 Bn | 248.20 Mn | 0.42 |
| 10 | Asbury Automotive | 3.86 Bn | 3.83 Bn | 753.10 Mn | 1.58 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 0.99 |
| Feb 28, 2026 | 1.00 |
| Nov 30, 2025 | 0.99 |
| Aug 31, 2025 | 0.97 |
| May 31, 2025 | 0.98 |
| Feb 28, 2025 | 0.96 |
| Nov 30, 2024 | 0.95 |
| Aug 31, 2024 | 0.95 |
| May 31, 2024 | 0.95 |
| Feb 29, 2024 | 0.98 |
| Nov 30, 2023 | 0.98 |
| Aug 31, 2023 | 0.99 |
| May 31, 2023 | 1.06 |
| Feb 28, 2023 | 1.14 |
| Nov 30, 2022 | 1.21 |
| Aug 31, 2022 | 1.28 |
| May 31, 2022 | 1.27 |
| Feb 28, 2022 | 1.23 |
| Nov 30, 2021 | 1.17 |
| Aug 31, 2021 | 1.10 |