Reading the tape
NYSE: KMX
CarMax, Inc.
Consumer Cyclical · Auto - Dealerships
Market Cap
$5.72B
52w High
$71.99
52w Low
$30.26
P/E
24.02
Volume
1.73M
Outstanding Shares
141.82M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
1Y Price: -39.38%Revenue (TTM): -8.25%FCF (TTM): 694.16%P/FCF: 6th pct
What changed
The stock fell 39.38% over the last year. Revenue declined 8.25% over the trailing twelve months. Operating margin moved from 2.8% to 0.79%. Free cash flow grew 694.16% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 0.79%. A decisive move in revenue — currently down 8.25% — would be the clearest signal to resolve the ambiguity.
Company profile
CarMax, Inc., together with its subsidiaries, operates as a retailer of used vehicles in the United States.
CEOKeith Barr
SectorConsumer Cyclical
IndustryAuto - Dealerships
Employees30,048
IPO dateFeb 4, 1997
Valuation
Forward P/E—
EV/EBITDA11.71
Enterprise value$9B
Stock splits
Mar 27, 2007↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth-30.1%
Gross margin10.84%▼5.13%vs FY2025
Operating margin0.79%▼71.70%vs FY2025
ROE4.2%▼47.63%vs FY2025
Analyst consensus
RatingHold
Target price$37.78▼6.35%
10
Buy
21
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jun 19, 2026
Q3 FY26 · EPS est $0.94 · Revenue est $7.37B
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