Carmax, Inc. income statement KMX

Annual Quarterly

In Q2 of fiscal 2027, the quarter ended Aug 31, 2026, Carmax, Inc. reported revenue of $7.9 billion, up 19.5% from the same quarter a year earlier. Net income was $165.3 million, a profit margin of 2.1%. Diluted earnings per share were $1.16.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the same quarter a year earlier.

TTM
Aug 31, 2026
Q2 FY2027
Aug 31, 2026
Q1 FY2027
May 31, 2026
Q4 FY2026
Feb 28, 2026
Q3 FY2026
Nov 30, 2025
Q2 FY2026
Aug 31, 2025
Q1 FY2026
May 31, 2025
Q4 FY2025
Feb 28, 2025
Q3 FY2025
Nov 30, 2024
Revenue
27,631
+4.8%
7,878
+19.5%
8,014
+6.2%
5,946
-1.0%
5,794
-6.9%
6,595
-6.0%
7,546
+6.1%
6,003
+6.7%
6,223
+1.2%
Cost of revenue
24,782
+5.9%
7,078
+20.4%
7,159
+7.6%
5,341
+0.1%
5,204
-6.2%
5,877
-6.0%
6,653
+5.2%
5,335
+5.8%
5,546
+0.2%
Gross profit
2,849
-3.6%
799
+11.4%
854
-4.4%
605
-9.4%
590
-12.9%
718
-5.6%
894
+12.8%
668
+13.9%
678
+10.6%
Selling, general and administrative
2,456
+0.4%
629
+4.6%
635
-3.7%
611
+0.1%
581
+1.0%
601
-1.6%
660
+3.3%
610
+5.1%
576
+2.8%
Pretax income
455
-34.6%
223
+75.5%
259
-8.7%
-111
-193.5%
84
-49.6%
127
-28.5%
283
+37.0%
118
+80.7%
166
+50.6%
Income tax
162
-6.7%
58
+82.2%
73
+0.2%
10
-64.9%
22
-47.2%
32
-29.6%
73
+34.2%
29
+87.2%
41
+43.7%
Net income
292
-43.9%
165
+73.3%
186
-11.8%
-121
-234.3%
62
-50.4%
95
-28.2%
210
+38.0%
90
+78.8%
125
+53.0%
Basic EPS
2.05
-40.1%
1.16
+81.2%
1.31
-5.1%
-0.85
-245.4%
0.43
-46.9%
0.64
-24.7%
1.38
+42.3%
0.58
+83.6%
0.81
+55.8%
Diluted EPS
2.04
-40.0%
1.16
+81.2%
1.31
-5.1%
-0.85
-246.1%
0.43
-46.9%
0.64
-24.7%
1.38
+42.3%
0.58
+82.8%
0.81
+55.8%
Weighted average shares, basic
143
-6.3%
142
-4.9%
142
-6.8%
142
-7.6%
146
-5.8%
149
-4.2%
152
-3.2%
154
-2.6%
155
-2.4%
Weighted average shares, diluted
143
-6.4%
142
-4.8%
142
-6.9%
142
-8.1%
146
-6.1%
150
-4.4%
153
-3.2%
155
-2.2%
155
-2.2%
Other measures
Depreciation and amortization
370
+17.0%
95
+13.4%
93
+16.4%
94
+21.0%
88
+17.4%
84
+15.4%
80
+15.2%
77
+15.8%
75
+13.2%
Margins
Gross margin
10.31%
10.15%
10.66%
10.18%
10.18%
10.88%
11.84%
11.13%
10.89%
Pretax margin
1.65%
2.83%
3.23%
-1.86%
1.45%
1.93%
3.75%
1.97%
2.67%
Profit margin
1.06%
2.10%
2.32%
-2.03%
1.07%
1.45%
2.79%
1.50%
2.02%
Effective tax rate
35.70%
25.90%
28.21%
—
25.83%
24.96%
25.69%
24.10%
24.65%
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Retail-Auto Dealers & Gasoline Stations (SIC 5500)
Listed as
KMX (NYSE)
Fiscal year ends
February 28
Incorporated in
VA
Headquarters
Richmond, VA
SEC filer status
Large accelerated filer
SEC CIK
1170010

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.