Growth Metrics

Carmax (KMX) Net Margin (2016 - 2025)

Carmax (KMX) has 17 years of Net Margin data on record, last reported at 1.07% in Q4 2025.

  • For Q4 2025, Net Margin fell 94.0% year-over-year to 1.07%; the TTM value through Nov 2025 reached 1.77%, down 1.0%, while the annual FY2025 figure was 1.9%, 9.0% up from the prior year.
  • Net Margin reached 1.07% in Q4 2025 per KMX's latest filing, down from 1.45% in the prior quarter.
  • Across five years, Net Margin topped out at 5.67% in Q2 2021 and bottomed at 0.58% in Q4 2022.
  • Average Net Margin over 5 years is 2.22%, with a median of 1.95% recorded in 2024.
  • Peak YoY movement for Net Margin: soared 552bps in 2021, then plummeted -296bps in 2022.
  • A 5-year view of Net Margin shows it stood at 3.16% in 2021, then plummeted by -82bps to 0.58% in 2022, then skyrocketed by 131bps to 1.33% in 2023, then skyrocketed by 51bps to 2.02% in 2024, then tumbled by -47bps to 1.07% in 2025.
  • Per Business Quant database, its latest 3 readings for Net Margin were 1.07% in Q4 2025, 1.45% in Q3 2025, and 2.79% in Q2 2025.