Carmax (KMX) Tax Rate (2009 - 2026)

Carmax's Tax Rate history runs 18 years deep, the most recent figure standing at 9.04% for Q1 2026.

• In Q1 2026, Tax Rate fell 3314.0% year-over-year to 9.04%; the TTM figure through Feb 2026 stood at 35.51% (up 1029.0% YoY), while the FY2026 annual figure was 35.51%, up 1029.0% from the prior year.
• Tax Rate was 9.04% for Q1 2026 at Carmax, down from 25.83% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 26.23% in Q2 2024 to a low of 9.04% in Q1 2026.
• Historically, Tax Rate has averaged 22.32% across 5 years, with a median of 24.96% in 2025.
• The sharpest annual moves came in 2024 and 2026: Tax Rate soared 678 bps in 2024, then slumped 3314 bps in 2026.
• A 5-year view of Tax Rate shows it stood at 24.83% in 2022, then grew by 4 bps to 25.83% in 2023, then declined by 5 bps to 24.65% in 2024, then advanced by 5 bps to 25.83% in 2025, then plunged by 135 bps to 9.04% in 2026.
• The last three Tax Rate figures came in at 9.04% (Q1 2026), 25.83% (Q4 2025), and 24.96% (Q3 2025), per Business Quant data.