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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 - 2025)

Carmax (KMX) has 17 years of Gross Margin data on record, last reported at 10.18% in Q4 2025.

  • For Q4 2025, Gross Margin fell 70.0% year-over-year to 10.18%; the TTM value through Nov 2025 reached 11.06%, up 22.0%, while the annual FY2025 figure was 11.0%, 77.0% up from the prior year.
  • Gross Margin reached 10.18% in Q4 2025 per KMX's latest filing, down from 10.88% in the prior quarter.
  • Across five years, Gross Margin topped out at 12.42% in Q1 2021 and bottomed at 8.86% in Q4 2022.
  • Average Gross Margin over 5 years is 10.47%, with a median of 10.53% recorded in 2024.
  • Peak YoY movement for Gross Margin: plummeted -379bps in 2021, then soared 143bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 9.81% in 2021, then decreased by -10bps to 8.86% in 2022, then rose by 12bps to 9.97% in 2023, then grew by 9bps to 10.89% in 2024, then fell by -6bps to 10.18% in 2025.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 10.18% in Q4 2025, 10.88% in Q3 2025, and 11.84% in Q2 2025.