Carmax (KMX) Net Margin (2009 - 2026)

Carmax's Net Margin history runs 18 years deep, the most recent figure standing at 2.03% for Q1 2026.

• In Q1 2026, Net Margin fell 353.0% year-over-year to 2.03%; the TTM figure through Feb 2026 stood at 0.96% (down 94.0% YoY), while the FY2026 annual figure was 0.96%, down 94.0% from the prior year.
• Net Margin was 2.03% for Q1 2026 at Carmax, down from 1.07% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 2.97% in Q2 2023 to a low of 2.03% in Q1 2026.
• Historically, Net Margin has averaged 1.52% across 5 years, with a median of 1.55% in 2022.
• The sharpest annual moves came in 2023 and 2026: Net Margin soared 76 bps in 2023, then slumped 353 bps in 2026.
• A 5-year view of Net Margin shows it stood at 0.58% in 2022, then jumped by 131 bps to 1.33% in 2023, then jumped by 51 bps to 2.02% in 2024, then sank by 47 bps to 1.07% in 2025, then slumped by 289 bps to 2.03% in 2026.
• The last three Net Margin figures came in at 2.03% (Q1 2026), 1.07% (Q4 2025), and 1.45% (Q3 2025), per Business Quant data.