Carmax (KMX) Tax Rate (2009 - 2026)
Carmax (KMX) posted quarterly Tax Rate of 28.21% for Q2 2026, up 251.0% year-over-year from 8.04% in Q2 2025, and up 412.1% quarter-over-quarter from 9.04% in Q1 2026.
Carmax (KMX) Tax Rate (2009 - 2026) Analysis & Trends
Carmax's Tax Rate history runs 18 years deep, the most recent figure standing at 28.21% for Q2 2026.
- In Q2 2026, Tax Rate rose 251.0% year-over-year to 28.21%; the TTM figure through May 2026 stood at 37.99% (up 1287.0% YoY), while the FY2026 annual figure was 35.51%, up 1029.0% from the prior year.
- Tax Rate for Q2 2026 stood at 28.21%, up from 9.04% in the prior quarter.
- The five-year high for Tax Rate was 28.21% in Q2 2026, with the low at 9.04% in Q1 2026.
- The 5-year median for Tax Rate is 25.0% (2023), against an average of 22.64%.
- The sharpest annual moves came in 2024 and 2026: Tax Rate surged 678 bps in 2024, then sank 3314 bps in 2026.
- Carmax's Tax Rate stood at 24.83% in 2022, then climbed by 4 bps to 25.83% in 2023, then dropped by 5 bps to 24.65% in 2024, then gained by 5 bps to 25.83% in 2025, then advanced by 9 bps to 28.21% in 2026.
- Business Quant data shows KMX's Tax Rate at 28.21% in Q2 2026, 9.04% in Q1 2026, and 25.83% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Uxin | 78.61 Bn | 78.60 Bn | - | - |
| 2 | Carvana | 51.27 Bn | 48.53 Bn | 1.38 Bn | 11.40% |
| 3 | Penske Automotive | 14.25 Bn | 14.18 Bn | 1.36 Bn | 26.17% |
| 4 | Lithia Motors | 8.51 Bn | 8.14 Bn | 1.50 Bn | 25.70% |
| 5 | Carmax | 8.23 Bn | 7.64 Bn | 854.41 Mn | 28.21% |
| 6 | Autonation | 6.99 Bn | 6.94 Bn | 1.23 Bn | 25.31% |
| 7 | Autozi Internet Technology (Global) | 6.96 Bn | 6.77 Bn | - | - |
| 8 | Rush Enterprises Inc \Tx\ | 6.30 Bn | 6.04 Bn | 361.67 Mn | 20.87% |
| 9 | Valvoline | 4.30 Bn | 4.22 Bn | 214.90 Mn | 24.07% |
| 10 | Openlane | 4.23 Bn | 4.04 Bn | 248.20 Mn | 27.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 28.21% |
| May 31, 2026 | 28.21% |
| May 31, 2026 | 28.21% |
| Feb 28, 2026 | -9.04% |
| Feb 28, 2026 | -9.04% |
| Feb 28, 2026 | -9.04% |
| Nov 30, 2025 | 25.83% |
| Nov 30, 2025 | 25.83% |
| Nov 30, 2025 | 25.83% |
| Aug 31, 2025 | 24.96% |
| Aug 31, 2025 | 24.96% |
| Aug 31, 2025 | 24.96% |
| May 31, 2025 | 25.69% |
| May 31, 2025 | 25.69% |
| May 31, 2025 | 25.69% |
| Feb 28, 2025 | 24.10% |
| Feb 28, 2025 | 24.10% |
| Feb 28, 2025 | 24.10% |
| Nov 30, 2024 | 24.65% |
| Nov 30, 2024 | 24.65% |