Carmax (KMX) EBT Margin (2009 - 2026)

Carmax (KMX) recorded quarterly EBT Margin of 1.86% in Q1 2026, down 228.57% quarter-over-quarter from 1.45% in Q4 2025, and down 383.0% on a YoY basis from 0.66% in Q1 2025.

Carmax (KMX) EBT Margin (2009 - 2026) Analysis & Trends

Carmax's EBT Margin history runs 18 years deep, the most recent figure standing at 1.86% for Q1 2026.

  • In Q1 2026, EBT Margin fell 383.0% year-over-year to 1.86%; the TTM figure through Feb 2026 stood at 1.48% (down 106.0% YoY), while the FY2026 annual figure was 1.48%, down 106.0% from the prior year.
  • EBT Margin was 1.86% for Q1 2026 at Carmax, down from 1.45% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 4.0% in Q2 2023 to a low of 1.86% in Q1 2026.
  • Historically, EBT Margin has averaged 2.06% across 5 years, with a median of 2.06% in 2022.
  • The sharpest annual moves came in 2023 and 2026: EBT Margin surged 103 bps in 2023, then slumped 383 bps in 2026.
  • A 5-year view of EBT Margin shows it stood at 0.77% in 2022, then surged by 134 bps to 1.8% in 2023, then jumped by 49 bps to 2.67% in 2024, then plunged by 46 bps to 1.45% in 2025, then slumped by 229 bps to 1.86% in 2026.
  • The last three EBT Margin figures came in at 1.86% (Q1 2026), 1.45% (Q4 2025), and 1.93% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -6.91%
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn 6.86%
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn -1.86%
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn 1.53%
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn 4.21%
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn 4.74%
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn 11.81%
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 12.37%
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn 3.15%
10 Asbury Automotive 3.63 Bn 3.60 Bn 726.90 Mn 6.09%

Historic Data

Download Data
DateValue
Feb 28, 2026 -1.86%
Nov 30, 2025 1.45%
Aug 31, 2025 1.93%
May 31, 2025 3.75%
Feb 28, 2025 1.97%
Nov 30, 2024 2.67%
Aug 31, 2024 2.54%
May 31, 2024 2.90%
Feb 29, 2024 1.16%
Nov 30, 2023 1.80%
Aug 31, 2023 2.24%
May 31, 2023 4.00%
Feb 28, 2023 1.44%
Nov 30, 2022 0.77%
Aug 31, 2022 2.06%
May 31, 2022 3.61%
Feb 28, 2022 2.62%
Nov 30, 2021 4.17%
Aug 31, 2021 4.60%
May 31, 2021 7.37%