Carmax (KMX) Trailing 12-Month Income Statement

Income Statement Summary

Carmax (KMX) trailing twelve month income statement covering six trailing twelve month periods to August 31, 2026, as reported to the SEC.

Carmax reported net sales and operating revenues of $27.63B in the twelve months ended August 31, 2026, up 4.8% from $26.37B a year earlier.
Gross profit was $2.85B, down 3.6% from $2.96B. That is a gross margin of 10.3%.
Net earnings were $292.44M, down 43.9% from $521.07M. Net margin was 1.1%.
Diluted (in dollars per share) was $1.16, up 81.2% from $0.64.
Total cost of sales took 89.7% of net sales and operating revenues and selling, general and administrative expenses 8.9%.

An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.

Figures in USD millions, except per share data

						Aug'26	May'26	Feb'26	Nov'25	Aug'25	May'25
SALES AND OPERATING REVENUES:
New vehicle sales
-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
New vehicle sales						-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other sales and revenues
-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other sales and revenues						-	-	-	-	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES
27,631	26,348	25,881	25,938	26,367	26,786	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES						27,631	26,348	25,881	25,938	26,367	26,786	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES
24,782	23,580	23,074	23,069	23,410	23,786	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES						24,782	23,580	23,074	23,069	23,410	23,786	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
GROSS PROFIT
2,849	2,767	2,806	2,869	2,956	2,999	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
GROSS PROFIT						2,849	2,767	2,806	2,869	2,956	2,999	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
CARMAX AUTO FINANCE INCOME
594	561	562	578	563	576	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
CARMAX AUTO FINANCE INCOME						594	561	562	578	563	576	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses
2,456	2,428	2,453	2,452	2,447	2,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses						2,456	2,428	2,453	2,452	2,447	2,456	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Depreciation, Depletion and Amortization, Nonproduction
280	277	273	267	262	259	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Depreciation, Depletion and Amortization, Nonproduction						280	277	273	267	262	259	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense
120	117	110	105	105	103	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense						120	117	110	105	105	103	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other income
23	8	7	13	12	12	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other income						23	8	7	13	12	12	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings before income taxes
454	358	383	612	695	745	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings before income taxes						454	358	383	612	695	745	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax provision
162	136	136	154	174	187	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax provision						162	136	136	154	174	187	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET EARNINGS
292	222	247	457	521	558	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET EARNINGS						292	222	247	457	521	558	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
WEIGHTED AVERAGE COMMON SHARES:
Basic, shares
141	141	142	145	149	152	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic, shares						141	141	142	145	149	152	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted, shares
142	142	142	145	149	152	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted, shares						142	142	142	145	149	152	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET EARNINGS PER SHARE:
Basic (in dollars per share)
1.16	1.31	-0.77	0.43	0.64	1.38	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Basic (in dollars per share)						1.16	1.31	-0.77	0.43	0.64	1.38	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (in dollars per share)
1.16	1.31	-0.77	0.43	0.64	1.38	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Diluted (in dollars per share)						1.16	1.31	-0.77	0.43	0.64	1.38	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Used vehicle sales
NET SALES AND OPERATING REVENUES
22,030	20,990	20,702	20,758	21,099	21,505	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES						22,030	20,990	20,702	20,758	21,099	21,505	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES
20,288	19,284	18,943	18,958	19,253	19,623	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES						20,288	19,284	18,943	18,958	19,253	19,623	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
74.00%	73.50%	-	-	73.20%	73.50%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						74.00%	73.50%	-	-	73.20%	73.50%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Wholesale vehicle sales
NET SALES AND OPERATING REVENUES
4,888	4,679	4,504	4,505	4,578	4,583	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES						4,888	4,679	4,504	4,505	4,578	4,583	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES
4,351	4,142	3,980	3,972	4,022	4,026	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES						4,351	4,142	3,980	3,972	4,022	4,026	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
15.50%	15.70%	-	-	15.30%	14.50%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						15.50%	15.70%	-	-	15.30%	14.50%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Total other sales and revenues
NET SALES AND OPERATING REVENUES
712	678	674	674	689	697	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES						712	678	674	674	689	697	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES
142	154	150	138	134	136	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES						142	154	150	138	134	136	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
0.30%	0.10%	-	-	0.60%	0.10%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						0.30%	0.10%	-	-	0.60%	0.10%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET SALES AND OPERATING REVENUES
Item as a percent of net sales and operating revenues
100.00%	100.00%	-	100.00%	100.00%	100.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						100.00%	100.00%	-	100.00%	100.00%	100.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
100.00%	100.00%	-	100.00%	100.00%	100.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						100.00%	100.00%	-	100.00%	100.00%	100.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Cost of revenue
Item as a percent of net sales and operating revenues
89.90%	89.30%	-	-	89.10%	88.20%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						89.90%	89.30%	-	-	89.10%	88.20%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
TOTAL COST OF SALES
Item as a percent of net sales and operating revenues
-	-	-	89.80%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-	-	-	89.80%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
-	-	-	89.80%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-	-	-	89.80%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
GROSS PROFIT
Item as a percent of net sales and operating revenues
10.10%	10.70%	-	10.20%	10.90%	11.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						10.10%	10.70%	-	10.20%	10.90%	11.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
CARMAX AUTO FINANCE INCOME
Item as a percent of net sales and operating revenues
1.70%	1.80%	-	3.00%	1.60%	1.90%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						1.70%	1.80%	-	3.00%	1.60%	1.90%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Selling, general and administrative expenses
Item as a percent of net sales and operating revenues
8.00%	7.90%	-	-	9.10%	8.70%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						8.00%	7.90%	-	-	9.10%	8.70%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
-	-	-	10.00%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-	-	-	10.00%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Depreciation and Amortization, Nonproduction
Item as a percent of net sales and operating revenues
0.90%	0.90%	-	1.20%	1.00%	0.90%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						0.90%	0.90%	-	1.20%	1.00%	0.90%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Interest expense
Item as a percent of net sales and operating revenues
0.40%	0.40%	-	-	0.40%	0.40%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						0.40%	0.40%	-	-	0.40%	0.40%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues
-	-	-	0.50%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-	-	-	0.50%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other (income) expense as a percent of sales
Item as a percent of net sales and operating revenues
-0.20%	-	-	-	-0.10%	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-0.20%	-	-	-	-0.10%	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Other (income) expense
Item as a percent of net sales and operating revenues
-	-	-	0.10%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						-	-	-	0.10%	-	-	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Earnings before income taxes
Item as a percent of net sales and operating revenues
2.80%	3.20%	-	1.40%	1.90%	3.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						2.80%	3.20%	-	1.40%	1.90%	3.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Income tax provision
Item as a percent of net sales and operating revenues
0.70%	0.90%	-	0.40%	0.50%	1.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						0.70%	0.90%	-	0.40%	0.50%	1.00%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
NET EARNINGS
Item as a percent of net sales and operating revenues
2.10%	2.30%	-	1.10%	1.40%	2.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx
Item as a percent of net sales and operating revenues						2.10%	2.30%	-	1.10%	1.40%	2.80%	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx	xxxxx