Growth Metrics

Carmax (KMX) Operating Margin (2016 - 2025)

Historic Operating Margin for Carmax (KMX) over the last 17 years, with Q4 2025 value amounting to 0.15%.

  • Carmax's Operating Margin fell 14900.0% to 0.15% in Q4 2025 from the same period last year, while for Nov 2025 it was 1.61%, marking a year-over-year increase of 300.0%. This contributed to the annual value of 0.66% for FY2025, which is 400.0% up from last year.
  • Carmax's Operating Margin amounted to 0.15% in Q4 2025, which was down 14900.0% from 1.77% recorded in Q3 2025.
  • Carmax's Operating Margin's 5-year high stood at 4.81% during Q2 2021, with a 5-year trough of 0.23% in Q4 2022.
  • Its 5-year average for Operating Margin is 1.81%, with a median of 1.7% in 2024.
  • In the last 5 years, Carmax's Operating Margin soared by 39100bps in 2021 and then crashed by -32900bps in 2022.
  • Quarter analysis of 5 years shows Carmax's Operating Margin stood at 3.06% in 2021, then crashed by -108bps to 0.23% in 2022, then skyrocketed by 472bps to 0.86% in 2023, then soared by 90bps to 1.64% in 2024, then crashed by -91bps to 0.15% in 2025.
  • Its Operating Margin was 0.15% in Q4 2025, compared to 1.77% in Q3 2025 and 3.1% in Q2 2025.