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

Carmax (KMX) posted quarterly Debt to Equity of $2.63 for Q2 2026, up 942.83% year-over-year from $0.25 in Q2 2025, and up 458.76% on a QoQ basis from $0.47 in Q1 2026.

Carmax (KMX) Debt to Equity (2010 - 2026) Analysis & Trends

Carmax (KMX) has reported Debt to Equity for 17 consecutive years, with $2.63 the latest figure, recorded in Q2 2026.

  • In Q2 2026, Debt to Equity rose 942.83% year-over-year to $2.63; the TTM figure through May 2026 stood at $2.63 (up 942.83% YoY), while the FY2026 annual figure was $0.47, down 82.3% from the prior year.
  • Debt to Equity came in at $2.63 for Q2 2026 at Carmax, up from $0.47 in the prior quarter.
  • The five-year high for Debt to Equity was $2.97 in Q4 2022, with the low at $0.25 in Q2 2025.
  • Average Debt to Equity over 5 years is $2.12, with a median of $2.67 recorded in 2024.
  • Across the five-year window, Debt to Equity tumbled 90.67% in 2025 and soared 942.83% in 2026, its largest moves.
  • Year by year, Debt to Equity stood at $2.97 in 2022, then decreased by 3.69% to $2.87 in 2023, then fell by 6.86% to $2.67 in 2024, then decreased by 0.17% to $2.66 in 2025, then decreased by 1.41% to $2.63 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $2.63, $0.47, and $2.66 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Uxin 128.90 Bn 128.96 Bn - -
2 Carvana 48.46 Bn 46.86 Bn 1.27 Bn 1.06
3 Penske Automotive 11.65 Bn 11.59 Bn 1.30 Bn 0.47
4 Carmax 7.34 Bn 7.21 Bn 854.41 Mn 2.63
5 Lithia Motors 6.80 Bn 6.82 Bn 1.42 Bn 1.02
6 Autonation 6.40 Bn 6.33 Bn 1.21 Bn 0.98
7 Rush Enterprises Inc \Tx\ 5.57 Bn 5.35 Bn 343.80 Mn 0.12
8 Valvoline 4.88 Bn 4.79 Bn 187.00 Mn 4.69
9 Asbury Automotive 3.76 Bn 3.73 Bn 726.90 Mn 0.90
10 Group 1 Automotive 3.41 Bn 3.37 Bn 877.90 Mn 1.11

Historic Data

Download Data
DateValue
May 31, 2026 2.63
Feb 28, 2026 0.47
Nov 30, 2025 2.66
Aug 31, 2025 2.69
May 31, 2025 0.25
Feb 28, 2025 2.66
Nov 30, 2024 2.67
Aug 31, 2024 2.68
May 31, 2024 2.70
Feb 29, 2024 0.34
Nov 30, 2023 2.87
Aug 31, 2023 2.80
May 31, 2023 2.79
Feb 28, 2023 2.85
Nov 30, 2022 2.97
Aug 31, 2022 0.59
May 31, 2022 0.57
Feb 28, 2022 2.95
Nov 30, 2021 3.12
Aug 31, 2021 3.04