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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Carmax (KMX) Gross Margin (2016 - 2026)

Carmax has reported Gross Margin over the past 18 years, most recently at 10.18% for Q1 2026.

  • For Q1 2026, Gross Margin fell 95.0% year-over-year to 10.18%; the TTM value through Feb 2026 reached 10.84%, down 15.0%, while the annual FY2026 figure was 10.84%, 15.0% down from the prior year.
  • Gross Margin for Q1 2026 was 10.18% at Carmax, roughly flat from 10.18% in the prior quarter.
  • Over five years, Gross Margin peaked at 11.84% in Q2 2025 and troughed at 8.86% in Q4 2022.
  • A 5-year average of 10.31% and a median of 10.42% in 2024 define the central range for Gross Margin.
  • Biggest five-year swings in Gross Margin: tumbled -317bps in 2022 and later soared 143bps in 2023.
  • Year by year, Gross Margin stood at 8.86% in 2022, then increased by 12bps to 9.97% in 2023, then rose by 9bps to 10.89% in 2024, then decreased by -6bps to 10.18% in 2025, then fell by 0bps to 10.18% in 2026.
  • Business Quant data shows Gross Margin for KMX at 10.18% in Q1 2026, 10.18% in Q4 2025, and 10.88% in Q3 2025.