Carmax (KMX) Debt Ratio (2010 - 2026)
Carmax (KMX) posted quarterly Debt Ratio of 0.68 for Q2 2026, up 8.5% year-over-year from 0.63 in Q2 2025, and up 15.95% quarter-over-quarter from 0.59 in Q1 2026.
Carmax (KMX) Debt Ratio (2010 - 2026) Analysis & Trends
Carmax's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.68 for Q2 2026.
- In Q2 2026, Debt Ratio rose 8.5% year-over-year to 0.68; the TTM figure through May 2026 stood at 0.68 (up 8.5% YoY), while the FY2026 annual figure was 0.59, down 3.04% from the prior year.
- Debt Ratio for Q2 2026 stood at 0.68, up from 0.59 in the prior quarter.
- The five-year high for Debt Ratio was 0.7 in Q1 2023, with the low at 0.09 in Q4 2022.
- The 5-year median for Debt Ratio is 0.62 (2023), against an average of 0.6.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio slipped 15.18% in 2022, then surged 595.34% in 2023.
- Carmax's Debt Ratio stood at 0.09 in 2022, then surged by 595.34% to 0.64 in 2023, then advanced by 7.34% to 0.68 in 2024, then fell by 10.6% to 0.61 in 2025, then rose by 11.24% to 0.68 in 2026.
- Business Quant data shows KMX's Debt Ratio at 0.68 in Q2 2026, 0.59 in Q1 2026, and 0.61 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 79.73 Bn | 79.73 Bn | - | - |
| 2 | Carvana | 51.39 Bn | 48.65 Bn | 1.38 Bn | 0.34 |
| 3 | Penske Automotive | 14.30 Bn | 14.23 Bn | 1.36 Bn | 0.16 |
| 4 | Lithia Motors | 8.61 Bn | 8.25 Bn | 1.50 Bn | 0.26 |
| 5 | Carmax | 8.32 Bn | 7.73 Bn | 854.41 Mn | 0.68 |
| 6 | Autonation | 7.03 Bn | 6.98 Bn | 1.23 Bn | 0.25 |
| 7 | Autozi Internet Technology (Global) | 6.46 Bn | 6.28 Bn | - | 0.02 |
| 8 | Rush Enterprises Inc \Tx\ | 6.33 Bn | 6.07 Bn | 361.67 Mn | 26.04 |
| 9 | Valvoline | 4.30 Bn | 4.22 Bn | 214.90 Mn | 0.47 |
| 10 | Openlane | 4.29 Bn | 4.10 Bn | 248.20 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 0.68 |
| Feb 28, 2026 | 0.59 |
| Nov 30, 2025 | 0.61 |
| Aug 31, 2025 | 0.69 |
| May 31, 2025 | 0.63 |
| Feb 28, 2025 | 0.61 |
| Nov 30, 2024 | 0.68 |
| Aug 31, 2024 | 0.63 |
| May 31, 2024 | 0.63 |
| Feb 29, 2024 | 0.62 |
| Nov 30, 2023 | 0.64 |
| Aug 31, 2023 | 0.68 |
| May 31, 2023 | 0.62 |
| Feb 28, 2023 | 0.70 |
| Nov 30, 2022 | 0.09 |
| Aug 31, 2022 | 0.59 |
| May 31, 2022 | 0.58 |
| Feb 28, 2022 | 0.59 |
| Nov 30, 2021 | 0.10 |
| Aug 31, 2021 | 0.11 |