Growth Metrics

Carmax (KMX) Operating Leases (2019 - 2025)

Carmax (KMX) has 7 years of Operating Leases data on record, last reported at $519.6 million in Q4 2025.

  • For Q4 2025, Operating Leases fell 4.08% year-over-year to $519.6 million; the TTM value through Nov 2025 reached $519.6 million, down 4.08%, while the annual FY2025 figure was $482.0 million, 2.87% down from the prior year.
  • Operating Leases reached $519.6 million in Q4 2025 per KMX's latest filing, up from $470.9 million in the prior quarter.
  • Across five years, Operating Leases topped out at $542.2 million in Q2 2024 and bottomed at $423.6 million in Q1 2021.
  • Average Operating Leases over 5 years is $496.0 million, with a median of $502.7 million recorded in 2022.
  • Peak YoY movement for Operating Leases: grew 23.52% in 2022, then fell 13.14% in 2025.
  • A 5-year view of Operating Leases shows it stood at $446.5 million in 2021, then increased by 14.02% to $509.1 million in 2022, then grew by 2.89% to $523.8 million in 2023, then rose by 3.41% to $541.7 million in 2024, then dropped by 4.08% to $519.6 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Leases were $519.6 million in Q4 2025, $470.9 million in Q2 2025, and $482.0 million in Q1 2025.