Carmax (KMX) Tax Rate (2009 - 2026)

Carmax has reported Tax Rate for 18 years, with the latest figure at 28.21% in Q2 2026.

• On a quarterly basis, Tax Rate rose 251.0% year-over-year to 28.21% in Q2 2026; TTM through May 2026 was 37.99%, a 1287.0% increase from a year earlier, with the FY2026 full-year figure at 35.51%, up 1029.0% from the prior year.
• Tax Rate was 28.21% for Q2 2026 at Carmax, 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.
• Average Tax Rate over 5 years is 22.64%, with a median of 25.0% recorded in 2023.
• The sharpest annual moves came in 2024 and 2026: Tax Rate jumped 678 bps in 2024, then sank 3314 bps in 2026.
• Over 5 years, Tax Rate stood at 24.83% in 2022, then increased by 4 bps to 25.83% in 2023, then fell by 5 bps to 24.65% in 2024, then climbed by 5 bps to 25.83% in 2025, then grew by 9 bps to 28.21% in 2026.
• The last three Tax Rate figures came in at 28.21% (Q2 2026), 9.04% (Q1 2026), and 25.83% (Q4 2025), per Business Quant data.