KMX Carmax margins

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  2. Consumer Cyclical
  3. NYSE: KMX
  4. Margins
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Relative Growth: Rel. Growth: 28
Relative Strength: Rel. Strength: 79
Relative Valuation: Rel. Valuation: 56
Relative Profitability: Rel. Profitability: 27
Gross margin
10.3%
Operating margin
2%
EBITDA margin
3.4%
Net margin
1.1%

Currently, Carmax has a gross margin of 10.3%, an operating margin of 2%, an EBITDA margin of 3.4%, and a net margin of 1.1%. The company's available margins all weakened, with operating margin showing the strongest contraction of 1.1 percentage points.

KMX margin history

Gross, operating, EBITDA and net margin trends

Carmax's margins averaged 10.7% gross, 2.62% operating, 3.78% EBITDA, and 1.62% net during the last 3 years. Compared with their three-year averages, all four current margins are lower.

KMX margin expansion

Year-over-year margin changes in percentage points

Carmax's gross margin contracted by 0.9 percentage points, operating margin by 1.1 percentage points, EBITDA margin by 0.8 percentage points, and net margin by 0.9 percentage points, led by operating margin with a decline of 1.1 percentage points.

Gross margin expansion
-0.9pp
Operating margin expansion
-1.1pp
EBITDA margin expansion
-0.8pp
Net margin expansion
-0.9pp

KMX Gross margin

The average gross margin for Carmax was 10.7% during the last 3 years. At present, the current gross margin for Carmax is 10.3%, 0.4 percentage points below its three-year average. The gross margin for Carmax moved between 10.2% in Feb 2024 and 11.2% in Aug 2025.

KMX Operating margin

Over the last 3 years, Carmax recorded an average operating margin of 2.62%. As of the latest period, the current operating margin for Carmax is 2%, 0.6 percentage points below its three-year average. The highest operating margin for Carmax was 3.2% in May 2025, while the lowest was 1.8% in May 2026.

KMX EBITDA margin

Reviewing the last 3 years, Carmax recorded an average EBITDA margin of 3.78%. Carmax's current EBITDA margin is 3.4% and is 0.4 percentage points below its three-year average. The highest EBITDA margin for Carmax was 4.3% in May 2025, while the lowest was 3.2% in Feb 2026.

KMX Net margin

Carmax's net margin averaged 1.62% during the last 3 years. The current net margin stands at 1.1%, 0.5 percentage points below its three-year average. Over the last 3 years, Carmax's net margin peaked at 2.1% in May 2025 and reached a low of 0.8% in May 2026.

KMX margin group comparison

Margins compared with peer-group, industry and sector averages

Carmax's gross margin of 10.3% is below the Consumer Cyclical sector, the industry and its peers average. Compared to its Consumer Cyclical sector average of 36.3%, Carmax's gross margin is 72% lower.

KMX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Carmax's gross margin?

As of Aug 31, 2026, KMX has a gross margin of 10.3%.

What is Carmax's operating margin?

For the period ending Aug 31, 2026, KMX recorded an operating margin of 2%.

What is Carmax's EBITDA margin?

As of Aug 31, 2026, KMX has an EBITDA margin of 3.4%.

What is Carmax's net margin?

As of Aug 31, 2026, KMX has a net margin of 1.1%.

What are the average margins of KMX?

Carmax's average margins over the last 3 years were 10.7% gross, 2.6% operating, 3.8% EBITDA, and 1.6% net.

What are the highest historical margins of KMX?

Over the last 5 years, Carmax's highest margins were 11.2% gross in Aug 2025, 5.4% operating in Nov 2021, 6.5% EBITDA in Nov 2021, and 4.1% net in Nov 2021.

What are the lowest historical margins of KMX?

Looking back across 5 years, KMX reached its lowest margins at 9.2% gross in Nov 2022, 1.8% operating in May 2026, 3.2% EBITDA in Feb 2026, and 0.8% net in May 2026.