Carmax (KMX) Operating Leases (2019 - 2026)

Carmax (KMX) posted quarterly Operating Leases of $453.4 million for Q2 2026, down 14.34% year-over-year from $529.2 million in Q2 2025, and down 2.44% on a QoQ basis from $464.7 million in Q1 2026.

Carmax (KMX) Operating Leases (2019 - 2026) Analysis & Trends

Carmax (KMX) has reported Operating Leases for 8 consecutive years, with $453.4 million the latest figure, recorded in Q2 2026.

  • In Q2 2026, Operating Leases fell 14.34% year-over-year to $453.4 million; the TTM figure through May 2026 stood at $453.4 million (down 14.34% YoY), while the FY2026 annual figure was $464.7 million, down 3.58% from the prior year.
  • Operating Leases came in at $453.4 million for Q2 2026 at Carmax, down from $464.7 million in the prior quarter.
  • The five-year high for Operating Leases was $574.3 million in Q2 2023, with the low at $453.4 million in Q2 2026.
  • Average Operating Leases over 5 years is $516.8 million, with a median of $521.4 million recorded in 2022.
  • Across the five-year window, Operating Leases grew 23.52% in 2022 and dropped 17.32% in 2024, its largest moves.
  • Year by year, Operating Leases stood at $509.1 million in 2022, then grew by 11.09% to $565.6 million in 2023, then dropped by 4.22% to $541.7 million in 2024, then dropped by 4.08% to $519.6 million in 2025, then retreated by 12.74% to $453.4 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $453.4 million, $464.7 million, and $519.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Uxin 128.90 Bn 128.96 Bn -
2 Carvana 48.46 Bn 46.86 Bn 1.27 Bn
3 Penske Automotive 11.65 Bn 11.59 Bn 1.30 Bn
4 Carmax 7.34 Bn 7.21 Bn 854.41 Mn
5 Lithia Motors 6.80 Bn 6.82 Bn 1.42 Bn
6 Autonation 6.40 Bn 6.33 Bn 1.21 Bn
7 Rush Enterprises Inc \Tx\ 5.57 Bn 5.35 Bn 343.80 Mn
8 Valvoline 4.88 Bn 4.79 Bn 187.00 Mn
9 Asbury Automotive 3.76 Bn 3.73 Bn 726.90 Mn
10 Group 1 Automotive 3.41 Bn 3.37 Bn 877.90 Mn

Historic Data

Download Data
DateValue
May 31, 2026 453.35 Mn
Feb 28, 2026 464.70 Mn
Nov 30, 2025 519.56 Mn
Aug 31, 2025 463.84 Mn
May 31, 2025 529.24 Mn
Feb 28, 2025 481.96 Mn
Nov 30, 2024 541.68 Mn
Aug 31, 2024 473.16 Mn
May 31, 2024 484.63 Mn
Feb 29, 2024 496.21 Mn
Nov 30, 2023 565.55 Mn
Aug 31, 2023 572.28 Mn
May 31, 2023 574.31 Mn
Feb 28, 2023 523.83 Mn
Nov 30, 2022 509.11 Mn
Aug 31, 2022 561.33 Mn
May 31, 2022 564.20 Mn
Feb 28, 2022 523.27 Mn
Nov 30, 2021 529.82 Mn
Aug 31, 2021 581.97 Mn