Carmax (KMX) Net Income (2009 - 2026)

Carmax (KMX) recorded quarterly Net Income of -$120.7 million in Q1 2026, down 293.98% quarter-over-quarter from $62.2 million in Q4 2025, and down 234.29% on a YoY basis from $89.9 million in Q1 2025.

Carmax (KMX) Net Income (2009 - 2026) Analysis & Trends

Carmax's Net Income history runs 18 years deep, the most recent figure standing at -$120.7 million for Q1 2026.

  • In Q1 2026, Net Income fell 234.29% year-over-year to -$120.7 million; the TTM figure through Feb 2026 stood at $247.3 million (down 50.6% YoY), while the FY2026 annual figure was $247.3 million, down 50.6% from the prior year.
  • Net Income was -$120.7 million for Q1 2026 at Carmax, down from $62.2 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of $252.3 million in Q2 2022 to a low of -$120.7 million in Q1 2026.
  • Historically, Net Income has averaged $110.1 million across 5 years, with a median of $118.6 million in 2023.
  • The sharpest annual moves came in 2023 and 2026: Net Income jumped 118.21% in 2023, then plunged 234.29% in 2026.
  • A 5-year view of Net Income shows it stood at $37.6 million in 2022, then surged by 118.21% to $82.0 million in 2023, then surged by 52.97% to $125.4 million in 2024, then tumbled by 50.4% to $62.2 million in 2025, then plunged by 293.98% to -$120.7 million in 2026.
  • The last three Net Income figures came in at -$120.7 million (Q1 2026), $62.2 million (Q4 2025), and $95.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Uxin 18.05 Bn 18.09 Bn 11.57 Mn -17.34 Mn
2 Carvana 9.49 Bn 7.89 Bn 1.27 Bn 405.00 Mn
3 Carmax 6.94 Bn 6.35 Bn 605.26 Mn -120.68 Mn
4 Lithia Motors 6.76 Bn 6.78 Bn 1.42 Bn 102.00 Mn
5 Autonation 6.51 Bn 6.45 Bn 1.21 Bn 205.40 Mn
6 Rush Enterprises Inc \Tx\ 5.19 Bn 4.97 Bn 343.80 Mn 61.68 Mn
7 Valvoline 4.57 Bn 4.48 Bn 187.00 Mn -500,000.00
8 Openlane 3.88 Bn 3.84 Bn 256.20 Mn 48.90 Mn
9 Group 1 Automotive 3.69 Bn 3.65 Bn 877.90 Mn 300,000.00
10 Asbury Automotive 3.63 Bn 3.60 Bn 726.90 Mn 187.80 Mn

Historic Data

Download Data
DateValue
Feb 28, 2026 -120.68 Mn
Nov 30, 2025 62.22 Mn
Aug 31, 2025 95.38 Mn
May 31, 2025 210.38 Mn
Feb 28, 2025 89.87 Mn
Nov 30, 2024 125.44 Mn
Aug 31, 2024 132.81 Mn
May 31, 2024 152.44 Mn
Feb 29, 2024 50.27 Mn
Nov 30, 2023 82.00 Mn
Aug 31, 2023 118.64 Mn
May 31, 2023 228.30 Mn
Feb 28, 2023 69.01 Mn
Nov 30, 2022 37.58 Mn
Aug 31, 2022 125.91 Mn
May 31, 2022 252.27 Mn
Feb 28, 2022 159.84 Mn
Nov 30, 2021 269.44 Mn
Aug 31, 2021 285.27 Mn
May 31, 2021 436.76 Mn