Is CarMax (KMX) overvalued or fairly valued?

MarketChacha shows CarMax's valuation in context — a trailing P/E of about 15.3, a forward P/E of about 19.0, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does CarMax's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.42×) from reported figures — education, not a rating.

What is CarMax's revenue?

CarMax reported revenue of $25.9B for FY2026, with net profit of $247.3M, per official filings.

What is the share price of CarMax (KMX)?

CarMax last traded at $57.68 (+0.1% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

CarMax

KMX · NYSE · Consumer Discretionary · United States

$57.68+0.1%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 7:31 PM

Snapshot

TickerKMX

ExchangeNYSE

SectorConsumer Discretionary

IndustryAuto & Truck Dealerships

CountryUnited States

Employees28,000

HeadquartersRichmond, United States

Market cap$8.2B

P/E (TTM)15.3

P/B1.3

Volume2.33M

Websitewww.carmax.com

Filings tracked8

About CarMax

CarMax, Inc., through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. The company operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; wholesale auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services. The CarMax Auto Finance segment provides financing alternatives for retail customers across a range of credit spectrum and arrangements with various financial institutions. The company was founded in 1993 and is based in Richmond, Virginia.

Profile as reported by Yahoo Finance.

Who owns it

Insiders0.4%
Institutions99.6%
Public & other0.0%

708 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.12.16%
AQR Capital Management, LLC7.09%
Vanguard Portfolio Management LLC5.13%
Vanguard Capital Management LLC4.50%
Starboard Value LP4.37%
Srs Investment Management, Llc3.98%
Two Sigma Investments, LP3.77%
State Street Corporation3.44%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

Forensic scorecard

Latest ROE of 4.2% is on the low side — the business earns a modest return on shareholder capital.

Cash conversion2.42×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend1.6% → 1.0%

Margin has held broadly steady over the period — stable profitability.

Return on equity4.2%

Latest ROE of 4.2% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev -4% · PAT -20%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.1B · EPS 0.44

Est. earnings growth -25.4%

Next fiscal year

Rev $27.6B · EPS 3.11

Est. earnings growth +13.5%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$30.2652-wk range$63.74

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Market cap

$8.2B

Day change

+0.1%

P/E (TTM)

15.3

Fwd P/E

19.0

P/B

1.3

Beta

1.16

Revenue (FY2026)

$25.9B

Net margin

1.0%

ROE

4.2%

Revenue CAGR (3y)

-4.5%

Profit CAGR (3y)

-20.1%

EPS (FY2026)

1.68

Net profit (FY2026)

$247.3M

Market figures: Delayed · as reported by Yahoo Finance. Financials as reported in company filings.

Ask MarketChacha about KMX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$25.9B	$247.3M	1.68	1.0%	4.2%
FY2025	$26.4B	$500.6M	3.21	1.9%	8.0%
FY2024	$26.5B	$479.2M	3.02	1.8%	7.9%
FY2023	$29.7B	$484.8M	3.03	1.6%	8.6%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$8.0B	$185.6M	1.31	2.3%
2025Q4	$5.8B	$62.2M	0.43	1.1%
2025Q3	$6.6B	$95.4M	0.64	1.4%
2025Q2	$7.5B	$210.4M	1.38	2.8%
2024Q4	$6.2B	$125.4M	0.81	2.0%
2024Q3	$7.0B	$132.8M	0.85	1.9%
2024Q2	$7.1B	$152.4M	0.97	2.1%
2023Q4	$6.1B	$82.0M	0.52	1.3%
2023Q3	$7.1B	$118.6M	0.75	1.7%
2023Q2	$7.7B	$228.3M	1.44	3.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC6/24/2026
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC6/24/2026material
8-K — Results of operations, Material financial obligation, Exhibits
SEC6/17/2026material
8-K — Executive/director change
SEC6/8/2026material
8-K — Executive/director change, Exhibits
SEC5/12/2026material
10-K filing
SEC4/15/2026
8-K — Results of operations, Exhibits
SEC4/14/2026material
8-K — Executive/director change, Exhibits
SEC4/9/2026material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.