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| Date | Value |
|---|---|
| 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 |