Carmax (KMX) Gross Margin (2009 - 2026)

Carmax (KMX) has reported Gross Margin for 18 consecutive years, with 10.66% the latest figure, recorded in Q2 2026.

• In Q2 2026, Gross Margin fell 118.0% year-over-year to 10.66%; the TTM figure through May 2026 stood at 10.5% (down 70.0% YoY), while the FY2026 annual figure was 10.84%, down 15.0% from the prior year.
• Gross Margin came in at 10.66% for Q2 2026 at Carmax, up from 10.18% in the prior quarter.
• The five-year high for Gross Margin was 11.84% in Q2 2025, with the low at 8.86% in Q4 2022.
• Average Gross Margin over 5 years is 10.33%, with a median of 10.53% recorded in 2024.
• Across the five-year window, Gross Margin plunged 317 bps in 2022 and soared 143 bps in 2023, its largest moves.
• Year by year, Gross Margin stood at 8.86% in 2022, then rose by 12 bps to 9.97% in 2023, then gained by 9 bps to 10.89% in 2024, then slipped by 6 bps to 10.18% in 2025, then gained by 5 bps to 10.66% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 10.66%, 10.18%, and 10.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.