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% quarter-over-quarter from $464.7 million in Q1 2026.
Analysis
Carmax (KMX) Operating Leases (2019 - 2026) Analysis & Trends
Carmax's Operating Leases history runs 8 years deep, the most recent figure standing at $453.4 million for 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 for Q2 2026 stood at $453.4 million, 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.
- The 5-year median for Operating Leases is $502.7 million (2023), against an average of $504.4 million.
- The sharpest annual moves came in 2022 and 2024: Operating Leases rose 23.52% in 2022, then fell 15.61% in 2024.
- Carmax's Operating Leases stood at $560.3 million in 2022, then dropped by 9.13% to $509.1 million in 2023, then decreased by 5.46% to $481.3 million in 2024, then declined by 3.94% to $462.4 million in 2025, then fell by 1.95% to $453.4 million in 2026.
- Business Quant data shows KMX's Operating Leases at $453.4 million in Q2 2026, $464.7 million in Q1 2026, and $462.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Carvana | 52.87 Bn | 50.13 Bn | 1.38 Bn |
| 2 | Penske Automotive | 14.22 Bn | 14.15 Bn | 1.36 Bn |
| 3 | Rush Enterprises Inc \Tx\ | 9.01 Bn | 8.75 Bn | 361.67 Mn |
| 4 | Carmax | 8.69 Bn | 8.10 Bn | 854.41 Mn |
| 5 | Lithia Motors | 8.26 Bn | 7.90 Bn | 1.50 Bn |
| 6 | Autonation | 6.73 Bn | 6.68 Bn | 1.23 Bn |
| 7 | Uxin | 5.72 Bn | 5.71 Bn | - |
| 8 | Valvoline | 4.10 Bn | 4.02 Bn | 214.90 Mn |
| 9 | Openlane | 4.07 Bn | 3.88 Bn | 248.20 Mn |
| 10 | Asbury Automotive | 3.86 Bn | 3.83 Bn | 753.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 510.34 Mn |
| Feb 28, 2026 | 464.70 Mn |
| Nov 30, 2025 | 519.56 Mn |
| Aug 31, 2025 | 521.79 Mn |
| May 31, 2025 | 529.24 Mn |
| Feb 28, 2025 | 481.96 Mn |
| Nov 30, 2024 | 541.68 Mn |
| Aug 31, 2024 | 531.12 Mn |
| May 31, 2024 | 542.17 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 | 560.32 Mn |
| Aug 31, 2022 | 561.33 Mn |
| May 31, 2022 | 564.20 Mn |
| Feb 28, 2022 | 523.27 Mn |
| Nov 30, 2021 | 572.97 Mn |
| Aug 31, 2021 | 581.97 Mn |