Carmax (KMX) Debt to Equity (2010 - 2026)

Carmax's Debt to Equity history runs 17 years deep, the most recent figure standing at $2.63 for Q1 2026.

• In Q1 2026, Debt to Equity rose 682.24% year-over-year to $2.63; the TTM figure through Feb 2026 stood at $2.63 (up 682.24% YoY), while the FY2026 annual figure was $2.63, up 682.24% from the prior year.
• Debt to Equity was $2.63 for Q1 2026 at Carmax, down from $2.66 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $2.95 in Q4 2022 to a low of $0.26 in Q3 2025.
• Historically, Debt to Equity has averaged $1.82 across 5 years, with a median of $2.66 in 2025.
• The sharpest annual moves came in 2023 and 2025: Debt to Equity tumbled 88.51% in 2023, then surged 688.29% in 2025.
• A 5-year view of Debt to Equity shows it stood at $2.95 in 2022, then sank by 88.51% to $0.34 in 2023, then decreased by 0.46% to $0.34 in 2024, then soared by 688.29% to $2.66 in 2025, then fell by 1.38% to $2.63 in 2026.
• The last three Debt to Equity figures came in at $2.63 (Q1 2026), $2.66 (Q4 2025), and $0.26 (Q3 2025), per Business Quant data.