Updated Apr 11, 2025, 3:51 PM UTC
| Income Statement - Metric | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales and Operating Revenues (USD, thousands) | - | - | - | - | - | - | - | 26,353,420 | |||||
| Used vehicle sales (USD, thousands) | - | - | - | - | - | - | - | 21,079,654 | |||||
| Wholesale vehicle sales (USD, thousands) | - | - | - | - | - | - | - | 4,587,457 | |||||
| Other sales and revenues (USD, thousands) | - | - | - | - | - | - | - | 686,309 | |||||
| Total Cost of Sales (USD, thousands) | - | - | - | - | - | - | - | 23,455,519 | |||||
| Used vehicle cost of sales (USD, thousands) | - | - | - | - | - | - | - | 19,256,483 | |||||
| Wholesale vehicle cost of sales (USD, thousands) | - | - | - | - | - | - | - | 4,029,876 | |||||
| Other cost of sales (USD, thousands) | - | - | - | - | - | - | - | 169,160 | |||||
| Gross Profit (USD, thousands) | - | - | - | - | - | - | - | 2,897,901 | |||||
| CarMax Auto Finance Income (USD, thousands) | - | - | - | - | - | - | - | 581,749 | |||||
| Selling, general and administrative expenses (USD, thousands) | - | - | - | - | - | - | - | 2,435,404 | |||||
| Depreciation and amortization (USD, thousands) | - | - | - | - | - | - | - | 255,321 | |||||
| Interest expense (USD, thousands) | - | - | - | - | - | - | - | 107,941 | |||||
| Other expense (income) (USD, thousands) | - | - | - | - | - | - | - | 11,624 | |||||
| Earnings before income taxes (USD, thousands) | - | - | - | - | - | - | - | 669,360 | |||||
| Income tax provision (USD, thousands) | - | - | - | - | - | - | - | 168,804 | |||||
| Net Earnings (USD, thousands) | - | - | - | - | - | - | - | 500,556 | |||||
| Basic Net Earnings Per Share (USD) | - | - | - | - | - | - | - | 3.22 | |||||
| Diluted Net Earnings Per Share (USD) | - | - | - | - | - | - | - | 3.21 | |||||
| Balance Sheet - Metric | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 |
| Cash and cash equivalents (USD, thousands) | - | - | - | - | - | - | - | 246,960 | |||||
| Restricted cash from collections on auto loans receivable (USD, thousands) | - | - | - | - | - | - | - | 559,118 | |||||
| Accounts receivable, net (USD, thousands) | - | - | - | - | - | - | - | 188,733 | |||||
| Inventory (USD, thousands) | - | - | - | - | - | - | - | 3,934,622 | |||||
| Other current assets (USD, thousands) | - | - | - | - | - | - | - | 148,203 | |||||
| Total current assets (USD, thousands) | - | - | - | - | - | - | - | 5,077,636 | |||||
| Auto loans receivable, net of allowance for loan losses (USD, thousands) | - | - | - | - | - | - | - | 17,242,789 | |||||
| Property and equipment, net (USD, thousands) | - | - | - | - | - | - | - | 3,841,833 | |||||
| Deferred income taxes (USD, thousands) | - | - | - | - | - | - | - | 140,332 | |||||
| Operating lease assets (USD, thousands) | - | - | - | - | - | - | - | 493,355 | |||||
| Goodwill (USD, thousands) | - | - | - | - | - | - | - | 141,258 | |||||
| Other assets (USD, thousands) | - | - | - | - | - | - | - | 467,003 | |||||
| Total assets (USD, thousands) | - | - | - | - | - | - | - | 27,404,206 | |||||
| Accounts payable (USD, thousands) | - | - | - | - | - | - | - | 977,845 | |||||
| Accrued expenses and other current liabilities (USD, thousands) | - | - | - | - | - | - | - | 529,926 | |||||
| Accrued income taxes (USD, thousands) | - | - | - | - | - | - | - | 87,526 | |||||
| Current portion of operating lease liabilities (USD, thousands) | - | - | - | - | - | - | - | 59,335 | |||||
| Current portion of long-term debt (USD, thousands) | - | - | - | - | - | - | - | 16,821 | |||||
| Current portion of non-recourse notes payable (USD, thousands) | - | - | - | - | - | - | - | 526,518 | |||||
| Total current liabilities (USD, thousands) | - | - | - | - | - | - | - | 2,197,971 | |||||
| Long-term debt, excluding current portion (USD, thousands) | - | - | - | - | - | - | - | 1,570,296 | |||||
| Non-recourse notes payable, excluding current portion (USD, thousands) | - | - | - | - | - | - | - | 16,567,044 | |||||
| Operating lease liabilities, excluding current portion (USD, thousands) | - | - | - | - | - | - | - | 481,963 | |||||
| Other liabilities (USD, thousands) | - | - | - | - | - | - | - | 343,944 | |||||
| Total liabilities (USD, thousands) | - | - | - | - | - | - | - | 21,161,218 | |||||
| Common stock (USD, thousands) | - | - | - | - | - | - | - | 76,660 | |||||
| Capital in excess of par value (USD, thousands) | - | - | - | - | - | - | - | 1,891,012 | |||||
| Accumulated other comprehensive income (USD, thousands) | - | - | - | - | - | - | - | 3,080 | |||||
| Retained earnings (USD, thousands) | - | - | - | - | - | - | - | 4,272,236 | |||||
| Total shareholders’ equity (USD, thousands) | - | - | - | - | - | - | - | 6,242,988 | |||||
| Total liabilities and shareholders’ equity (USD, thousands) | - | - | - | - | - | - | - | 27,404,206 | |||||
| Cash Flow - Metric | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 |
| Net earnings [USD, thousands] | - | - | - | - | - | - | - | 500,556 | |||||
| Depreciation and amortization [USD, thousands] | - | - | - | - | - | - | - | 294,801 | |||||
| Share-based compensation expense [USD, thousands] | - | - | - | - | - | - | - | 134,709 | |||||
| Provision for loan losses [USD, thousands] | - | - | - | - | - | - | - | 334,667 | |||||
| Provision for cancellation reserves [USD, thousands] | - | - | - | - | - | - | - | 97,701 | |||||
| Deferred income tax benefit [USD, thousands] | - | - | - | - | - | - | - | (23,724) | |||||
| Other operating activities [USD, thousands] | - | - | - | - | - | - | - | 20,781 | |||||
| Accounts receivable, net (Net decrease (increase) in) [USD, thousands] | - | - | - | - | - | - | - | 32,420 | |||||
| Inventory (Net decrease (increase) in) [USD, thousands] | - | - | - | - | - | - | - | (256,552) | |||||
| Other current assets (Net decrease (increase) in) [USD, thousands] | - | - | - | - | - | - | - | 109,162 | |||||
| Auto loans receivable, net (Net decrease (increase) in) [USD, thousands] | - | - | - | - | - | - | - | (565,612) | |||||
| Other assets (Net decrease (increase) in) [USD, thousands] | - | - | - | - | - | - | - | (19,230) | |||||
| Accounts payable, accrued expenses and other current liabilities and accrued income taxes (Net increase (decrease) in) [USD, thousands] | - | - | - | - | - | - | - | 71,714 | |||||
| Other liabilities (Net increase (decrease) in) [USD, thousands] | - | - | - | - | - | - | - | (106,954) | |||||
| NET CASH PROVIDED BY OPERATING ACTIVITIES [USD, thousands] | - | - | - | - | - | - | - | 624,439 | |||||
| Capital expenditures [USD, thousands] | - | - | - | - | - | - | - | (467,939) | |||||
| Proceeds from disposal of property and equipment [USD, thousands] | - | - | - | - | - | - | - | 333 | |||||
| Purchases of investments [USD, thousands] | - | - | - | - | - | - | - | (10,738) | |||||
| Sales and returns of investments [USD, thousands] | - | - | - | - | - | - | - | 17,342 | |||||
| NET CASH USED IN INVESTING ACTIVITIES [USD, thousands] | - | - | - | - | - | - | - | (461,002) | |||||
| Proceeds from issuances of long-term debt [USD, thousands] | - | - | - | - | - | - | - | 522,800 | |||||
| Payments on long-term debt [USD, thousands] | - | - | - | - | - | - | - | (836,622) | |||||
| Cash paid for debt issuance costs [USD, thousands] | - | - | - | - | - | - | - | (21,253) | |||||
| Payments on finance lease obligations [USD, thousands] | - | - | - | - | - | - | - | (16,536) | |||||
| Issuances of non-recourse notes payable [USD, thousands] | - | - | - | - | - | - | - | 12,968,491 | |||||
| Payments on non-recourse notes payable [USD, thousands] | - | - | - | - | - | - | - | (12,715,705) | |||||
| Repurchase and retirement of common stock [USD, thousands] | - | - | - | - | - | - | - | (428,453) | |||||
| Equity issuances [USD, thousands] | - | - | - | - | - | - | - | 73,741 | |||||
| NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES [USD, thousands] | - | - | - | - | - | - | - | (453,537) | |||||
| (Decrease) increase in cash, cash equivalents, and restricted cash [USD, thousands] | - | - | - | - | - | - | - | (290,100) | |||||
| Cash, cash equivalents, and restricted cash at beginning of year [USD, thousands] | - | - | - | - | - | - | - | 1,250,410 | |||||
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR [USD, thousands] | - | - | - | - | - | - | - | 960,310 | |||||
| Revenue by Segment - in Millions of USD | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | FY 2025 |
| Used Vehicle Sales | $4,832.1 | - | - | $5,677.5 | $5,677.1 | - | - | $21,079.7 | |||||
| Wholesale Vehicle Sales | $1,165.2 | - | - | $1,256.4 | $1,154.5 | - | - | $4,587.5 | |||||
| Other Sales and Revenues | $151.3 | - | - | $179.5 | $182.0 | - | - | $686.3 | |||||
| - Extended Protection Plan Revenues | $90.8 | - | - | $118.8 | $121.4 | - | - | $451.7 | |||||
| - Third-party Finance Income/(Fees), Net | $(1.2) | - | - | $(1.7) | $1.4 | - | - | $(1.5) | |||||
| - Advertising & Subscription Revenues | $36.7 | - | - | $34.7 | $34.3 | - | - | $139.3 | |||||
| - Service Revenues | - | - | - | $22.7 | $21.7 | - | - | $83.4 | |||||
| - Other | $25.0 | - | - | $5.0 | $3.2 | - | - | $13.4 | |||||
| Total Net Sales and Operating Revenues | $6,148.5 | - | - | $7,113.4 | $7,013.5 | - | - | $26,353.4 |