KMX
Carmax
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: KMX
- PE Ratio
The current PE ratio for Carmax stock as of Jul 2, 2026 is 32.06. This is calculated based on the TTM EPS of $1.59 and the stock price of $50.98 per share. The PE ratio has grown by 52% from its last 4 quarters average of 21.1.
KMX PE ratio history
The average historical PE ratio of Carmax for the last ten years is 20.34. The current P/E ratio of 32.06 is 58% higher than the historical average. Looking back at the last ten years, KMX's PE ratio peaked in the Aug 2024 quarter at 31.79, when the price was $84.55 and the EPS was $2.66. The lowest point was in the Nov 2025 quarter, when it reached 12.72 with a price of $38.66 and an EPS of $3.04.
Carmax PE ratio by year
Maximum annual increase: 61.05% in 2021
Maximum annual decrease: -40.9% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 25.7 | -0.27% | $43.17 | $1.68 |
| 2025 | 25.77 | -1.15% | $82.97 | $3.22 |
| 2024 | 26.07 | 15.15% | $79 | $3.03 |
| 2023 | 22.64 | 46.82% | $69.04 | $3.05 |
| 2022 | 15.42 | -40.9% | $109.33 | $7.09 |
| 2021 | 26.09 | 61.05% | $119.51 | $4.58 |
| 2020 | 16.2 | 25.97% | $87.31 | $5.39 |
| 2019 | 12.86 | -24.4% | $62.1 | $4.83 |
| 2018 | 17.01 | -13.3% | $61.92 | $3.64 |
| 2017 | 19.62 | 30.19% | $64.54 | $3.29 |
| 2016 | 15.07 | -37.8% | $46.26 | $3.07 |
| 2015 | 24.23 | 10.09% | $67.11 | $2.77 |
| 2014 | 22.01 | 8.85% | $48.43 | $2.2 |
| 2013 | 20.22 | 20.57% | $38.41 | $1.9 |
| 2012 | 16.77 | -20.33% | $30.69 | $1.83 |
Carmax PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| May 2026 | 28.06 | 9.18% | $44.62 | $1.59 |
| Feb 2026 | 25.7 | 102.04% | $43.17 | $1.68 |
| Nov 2025 | 12.72 | -29.1% | $38.66 | $3.04 |
| Aug 2025 | 17.94 | 1.01% | $61.35 | $3.42 |
| May 2025 | 17.76 | -31.08% | $64.46 | $3.63 |
| Feb 2025 | 25.77 | -9.45% | $82.97 | $3.22 |
| Nov 2024 | 28.46 | -10.47% | $83.97 | $2.95 |
| Aug 2024 | 31.79 | 15.81% | $84.55 | $2.66 |
| May 2024 | 27.45 | 5.29% | $70.26 | $2.56 |
| Feb 2024 | 26.07 | 28.42% | $79 | $3.03 |
| Nov 2023 | 20.3 | -28.67% | $63.94 | $3.15 |
| Aug 2023 | 28.46 | 14.71% | $81.68 | $2.87 |
| May 2023 | 24.81 | 9.58% | $72.21 | $2.91 |
| Feb 2023 | 22.64 | 17.49% | $69.04 | $3.05 |
| Nov 2022 | 19.27 | 9.36% | $69.36 | $3.6 |
KMX Price vs fair value
KMX average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of KMX is higher than its 3, 5 and 10-year averages.
PE comparison
Carmax's price to earnings (P/E) of 32.06 is higher than the Consumer Cyclical sector, the industry and its peers average. In comparison with the Consumer Cyclical sector average of 21.11, Carmax's price to earnings (P/E) is 52% higher.
KMX PE vs peers
In comparison to its peer stocks CPRT and PAG, KMX's PE ratio is higher. Carmax is currently trading at a higher PE ratio (32.06) than its peers average of 14.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| AN Autonation Inc | 9.97 | $6.24B |
| GPI Group 1 Automotive Inc | 10.93 | $3.43B |
| PAG Penske Automotive Group Inc | 12.79 | $11.8B |
| CPRT Copart Inc | 18.52 | $27.78B |
| RUSHA Rush Enterprises Inc | 21.45 | $5.69B |
| KMX Carmax Inc | 32.06 | $7.23B |
| OPLN Openlane Inc. | N/A | $4.3B |
| CRMT Americas Carmart Inc | N/A | $22M |
Frequently asked questions
What is Carmax's PE ratio?
The price to earnings ratio for KMX stock as of Jul 2, 2026, stands at 32.06.
What is the 3-year average PE ratio for Carmax (KMX)?
The 3-year average price to earnings ratio for KMX stock is 24.21.
What is the 5-year average PE ratio for Carmax (KMX)?
The 5-year average price to earnings ratio for KMX stock is 22.17.
What is the highest PE ratio for KMX?
The current PE of 32.06 represents the highest historical value in the last ten years.
How does the current PE ratio for KMX compare to its historical average?
The current PE ratio of KMX is 58% higher than the 10-year historical average.
How is KMX's PE ratio calculated (Carmax PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 2, 2026), Carmax's share price is $50.98. The company's earnings per share for the trailing twelve months (TTM) ending May 2026 is $1.59. Therefore, Carmax's PE ratio for today is 32.06. PE RATIO(32.06) = STOCK PRICE($50.98) / TTM EPS($1.59)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.