Carmax (KMX) Net Margin (2009 - 2026)

Carmax has reported Net Margin for 18 years, with the latest figure at 2.32% in Q2 2026.

• On a quarterly basis, Net Margin fell 47.0% year-over-year to 2.32% in Q2 2026; TTM through May 2026 was 0.84%, a 124.0% decrease from a year earlier, with the FY2026 full-year figure at 0.96%, down 94.0% from the prior year.
• Net Margin was 2.32% for Q2 2026 at Carmax, up from 2.03% in the prior quarter.
• The five-year high for Net Margin was 2.97% in Q2 2023, with the low at 2.03% in Q1 2026.
• Average Net Margin over 5 years is 1.56%, with a median of 1.61% recorded in 2023.
• The sharpest annual moves came in 2023 and 2026: Net Margin jumped 76 bps in 2023, then sank 353 bps in 2026.
• Over 5 years, Net Margin stood at 0.58% in 2022, then surged by 131 bps to 1.33% in 2023, then surged by 51 bps to 2.02% in 2024, then plunged by 47 bps to 1.07% in 2025, then jumped by 116 bps to 2.32% in 2026.
• The last three Net Margin figures came in at 2.32% (Q2 2026), 2.03% (Q1 2026), and 1.07% (Q4 2025), per Business Quant data.