Carmax (KMX) Net Margin (2009 - 2026)
Carmax (KMX) posted quarterly Net Margin of 2.32% for Q2 2026, down 47.0% year-over-year from 4.37% in Q2 2025, and up 214.13% quarter-over-quarter from 2.03% in Q1 2026.
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Carmax (KMX) Net Margin (2009 - 2026) Analysis & Trends
Carmax's Net Margin history runs 18 years deep, the most recent figure standing at 2.32% for Q2 2026.
- In Q2 2026, Net Margin fell 47.0% year-over-year to 2.32%; the TTM figure through May 2026 stood at 0.84% (down 124.0% YoY), while the FY2026 annual figure was 0.96%, down 94.0% from the prior year.
- Net Margin for Q2 2026 stood at 2.32%, 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.
- The 5-year median for Net Margin is 1.61% (2023), against an average of 1.56%.
- The sharpest annual moves came in 2023 and 2026: Net Margin surged 76 bps in 2023, then sank 353 bps in 2026.
- Carmax's Net Margin stood at 0.58% in 2022, then soared by 131 bps to 1.33% in 2023, then soared by 51 bps to 2.02% in 2024, then plunged by 47 bps to 1.07% in 2025, then surged by 116 bps to 2.32% in 2026.
- Business Quant data shows KMX's Net Margin at 2.32% in Q2 2026, 2.03% in Q1 2026, and 1.07% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carvana | 52.87 Bn | 50.13 Bn | 1.38 Bn | 6.95% |
| 2 | Penske Automotive | 14.22 Bn | 14.15 Bn | 1.36 Bn | 3.07% |
| 3 | Rush Enterprises Inc \Tx\ | 9.01 Bn | 8.75 Bn | 361.67 Mn | 3.84% |
| 4 | Carmax | 8.69 Bn | 8.10 Bn | 854.41 Mn | 2.32% |
| 5 | Lithia Motors | 8.26 Bn | 7.90 Bn | 1.50 Bn | 2.67% |
| 6 | Autonation | 6.73 Bn | 6.68 Bn | 1.23 Bn | 2.63% |
| 7 | Uxin | 5.72 Bn | 5.71 Bn | - | 404.76% |
| 8 | Valvoline | 4.10 Bn | 4.02 Bn | 214.90 Mn | 11.84% |
| 9 | Openlane | 4.07 Bn | 3.88 Bn | 248.20 Mn | 6.78% |
| 10 | Asbury Automotive | 3.86 Bn | 3.83 Bn | 753.10 Mn | 2.61% |
Historic Data
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Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 2.32% |
| Feb 28, 2026 | -2.03% |
| Nov 30, 2025 | 1.07% |
| Aug 31, 2025 | 1.45% |
| May 31, 2025 | 2.79% |
| Feb 28, 2025 | 1.50% |
| Nov 30, 2024 | 2.02% |
| Aug 31, 2024 | 1.89% |
| May 31, 2024 | 2.14% |
| Feb 29, 2024 | 0.89% |
| Nov 30, 2023 | 1.33% |
| Aug 31, 2023 | 1.68% |
| May 31, 2023 | 2.97% |
| Feb 28, 2023 | 1.21% |
| Nov 30, 2022 | 0.58% |
| Aug 31, 2022 | 1.55% |
| May 31, 2022 | 2.71% |
| Feb 28, 2022 | 2.08% |
| Nov 30, 2021 | 3.16% |
| Aug 31, 2021 | 3.57% |