Stocks · Consumer Cyclical · Auto - Dealerships
CarMax, Inc. KMX
$54.92 -1.74% Close, Oct 2, 2026 · NYSE · Market cap $7.79B
Strong trend
Next earnings report: Dec 17, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 17.0× EBITDA, a high level of leverage.
- Diluted EPS over the last four quarters was $2.13, down 37.5% year over year.
- The stock is in an uptrend: above its 200-day average for 85 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 46%
- EPS growth (TTM, YoY)Bottom 24%
- FCF growth (TTM, YoY)Top 25%
- Revenue growth, 3-year CAGRBottom 20%
- Revenue growth accelerationTop 6%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 20%
- Gross marginBottom 5%
- Operating marginBottom 16%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Bottom 43%
- Net debt / EBITDA (lower is better)Bottom 4%
- Interest coverBottom 14%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 46%
- Free-cash-flow yieldTop 13%
- EBITDA / enterprise valueBottom 22%
- Sales / enterprise valueTop 38%
- P/E vs own 5-year history (lower is better)Bottom 32%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 18%
- 6-month returnTop 19%
- 1-year return vs S&P 500Top 24%
- Distance from 52-week highTop 24%
- Trend checklist (0–4)Top 34%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 20%
- Consecutive EPS beatsTop 28%
- Share of analysts rating BuyBottom 16%
- Upside to consensus price targetBottom 16%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 33%
- Maximum drawdown, 3 yearsBottom 32%
- Beta vs S&P 500 (lower is better)Top 20%
- Net debt / EBITDA (lower is better)Bottom 4%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -1.6% | 4.8% | ↑ |
| EPS growth (YoY) | -55.5% | -37.5% | ↑ |
| Gross margin | 11.2% | 10.1% | ↓ |
| Operating margin | -0.8% | -0.5% | ↑ |
| FCF margin | 2.6% | 4.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 4.8% | -1.6% | ↑ | Top 46% |
| EPS growth (TTM, YoY) | -37.5% | -55.5% | ↑ | Bottom 24% |
| Gross margin | 10.1% | 11.2% | ↓ | Bottom 5% |
| Operating margin | -0.5% | -0.8% | ↑ | Bottom 16% |
| Net margin | 1.1% | 2.0% | ↓ | — |
| Free-cash-flow margin | 4.1% | 2.6% | ↑ | — |
| Return on invested capital | -0.4% | — | Bottom 20% | |
| Revenue growth, 3-year CAGR | -4.5% | — | Bottom 20% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +24.6 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 17.03×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -0.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 3.34%
- Shareholder yield
- 3.34%
- Share count change, 1 year
- -5.7%
- Share count change, 3-year CAGR
- -3.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Aug 31, 2026 (filed Sep 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +52.4%
- Average 2-day reaction, last 8
- -6.3%
- Positive 20 days after report
- 2 of 7
Analysts
- Consensus price target
- $58.89
- Target vs current price
- +7.2%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 30%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Sep 29, 2026 | +58.5% | +4.7% | — | — | — |
| Jun 17, 2026 | +35.8% | -9.0% | -2.5% | +12.2% | +17.7% |
| Apr 14, 2026 | +48.9% | -15.1% | -17.2% | -20.4% | +3.9% |
| Dec 18, 2025 | +66.4% | -4.2% | -4.6% | +18.9% | +3.1% |
| Sep 25, 2025 | -38.5% | -20.1% | -19.3% | -23.1% | -31.0% |
| Jun 20, 2025 | +19.0% | +6.6% | +3.6% | -2.7% | -6.1% |
| Apr 10, 2025 | -3.0% | -17.0% | -19.9% | -16.9% | -14.6% |
| Dec 19, 2024 | +37.3% | +3.5% | +4.6% | -2.4% | -13.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Sep 29, 2026 | $1.16 | $0.73 | +58.5% | $7.88B |
| Jun 17, 2026 | $1.31 | $0.97 | +35.8% | $8.01B |
| Apr 14, 2026 | $0.34 | $0.23 | +48.9% | $5.95B |
| Dec 18, 2025 | $0.51 | $0.31 | +66.4% | $6.24B |
| Sep 25, 2025 | $0.64 | $1.04 | -38.5% | $7.08B |
| Jun 20, 2025 | $1.38 | $1.16 | +19.0% | $7.55B |
| Apr 10, 2025 | $0.64 | $0.66 | -3.0% | $6.00B |
| Dec 19, 2024 | $0.81 | $0.59 | +37.3% | $6.22B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.8× | 22.8× | 71th | Bottom 46% |
| P/E (forward) | 17.4× | — | — | — |
| EV / EBITDA | 24.5× | — | — | Bottom 22% |
| EV / Sales | 0.92× | — | — | Top 38% |
| Free-cash-flow yield | 14.71% | — | — | Top 13% |
| Earnings yield | 3.88% | — | — | Bottom 46% |
P/E over the past five years
Range 12.7× – 31.6× since Aug 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +19.3%
- Earnings per share growth (TTM)
- -37.5%
- Change in P/E multiple
- +96.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 85
- 50-day average slope (20 days)
- +2.9%
- 200-day average slope (20 days)
- +4.5%
- Distance from 50-day average
- -7.4%
- Distance from 200-day average
- +14.0%
- RSI (14)
- 39.4
- Relative volume
- 0.89×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 35.5%
- Volatility vs own 5-year history
- 30th percentile · Normal for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.65
- Correlation with S&P 500
- 0.22
- Current drawdown from 1-year high
- -14.5%
- Maximum drawdown, 3 years
- -65.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 9, 2021 | Nov 6, 2025 | -80.1% | 1002 days | Not yet recovered |
| May 5, 2021 | Jun 18, 2021 | -17.9% | 31 days | 31 days (Aug 3, 2021) |
| Sep 29, 2021 | Oct 4, 2021 | -16.3% | 3 days | 22 days (Nov 3, 2021) |
| Oct 5, 2020 | Oct 30, 2020 | -11.7% | 19 days | 32 days (Dec 16, 2020) |
| Aug 3, 2021 | Aug 19, 2021 | -11.1% | 12 days | 20 days (Sep 17, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.79B
- P/E (TTM)
- 25.8
- EPS, diluted (TTM)
- $2.13
- Revenue (TTM)
- $27.63B
- 52-week range
- $30.26 – $65.28
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $31.90B | $29.68B | $26.54B | $26.35B | $25.88B |
| Gross profit | $3.29B | $2.80B | $2.71B | $2.90B | $2.81B |
| Operating income | $551.6M | -$310.9M | -$205.7M | -$220.5M | -$409.8M |
| Net income | $1.15B | $484.8M | $479.2M | $500.6M | $247.3M |
| EPS (diluted) | $6.97 | $3.03 | $3.02 | $3.21 | $1.68 |
| Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | Q2 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.22B | $6.00B | $7.55B | $6.59B | $5.79B | $5.95B | $8.01B | $7.88B |
| Net income | $125.4M | $89.9M | $210.4M | $95.4M | $62.2M | -$120.7M | $185.6M | $165.3M |
| EPS (diluted) | $0.81 | $0.58 | $1.38 | $0.64 | $0.43 | -$0.77 | $1.31 | $1.16 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | -$2.55B | $1.28B | $458.6M | $624.4M | $1.78B |
| Capital expenditure | -$308.5M | -$422.7M | -$465.3M | -$467.9M | -$541.0M |
| Free cash flow | -$2.86B | $860.6M | -$6.7M | $156.5M | $1.24B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | -$496.7M | -$316.8M | -$49.3M | -$354.7M | -$634.4M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $170.5M
- Total assets
- $26.07B
- Total liabilities
- $19.76B
- Total debt
- $17.87B
- Net debt
- $17.70B
- Shareholders’ equity
- $6.30B
As of Aug 31, 2026 (filed Sep 30, 2026).
Short interest
- Shares sold short
- 9,815,859
- Days to cover
- 6.33
- Change vs previous report
- -12.3%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 27, 2007
- 2-for-1